What if you really have a problem not getting stressed out from trading pressure?
Experience and trading from a plan can help you to make trades in a carefree, relaxed, and focused manner. It is important that you avoid putting unnecessary pressure on yourself. Success or failure is not riding on a single trade. You make it as a trader in the day-to-day trading, learning to be satisfied with what the market hands you.
Avoid thinking you have to be right. You cannot impose your wishes on the market. Don't try to predict the future behavior of the market—plan your trades and trade your plan.
When you are calm and relaxed, you can think. For instance, if you are long and suddenly the trade moves sharply against you. If you are thinking, you can stop the pain by writing a Call option above the market, or buying an in-the-money Put to stop the bleeding. "Oh but that will cost something", right? Yes it will, but the cost may be a lot less than the eventual loss.
Trading from a plan enables you to maintain your poise. With poise, you can remain in control and you can think rather than react.
Experience and trading from a plan can help you to make trades in a carefree, relaxed, and focused manner. It is important that you avoid putting unnecessary pressure on yourself. Success or failure is not riding on a single trade. You make it as a trader in the day-to-day trading, learning to be satisfied with what the market hands you.
Avoid thinking you have to be right. You cannot impose your wishes on the market. Don't try to predict the future behavior of the market—plan your trades and trade your plan.
When you are calm and relaxed, you can think. For instance, if you are long and suddenly the trade moves sharply against you. If you are thinking, you can stop the pain by writing a Call option above the market, or buying an in-the-money Put to stop the bleeding. "Oh but that will cost something", right? Yes it will, but the cost may be a lot less than the eventual loss.
Trading from a plan enables you to maintain your poise. With poise, you can remain in control and you can think rather than react.
