9 Steps to a Successful Trading

Does that sound familiar some of the following scenarios?

1. After a few wins, you become overconfident. Starts to transactions immediately, feeling invincible. Forget all the rules.

2 .We have several losing trades. Under pressure you to get your money back. Jump on every opportunity that shows the slightest chance. When trade is developing in your favor, you become more anxious, jump to the next deal, and it goes against you. When the trade goes against you, you are under even greater pressure and this vicious cycle continues. Become too attached to losing positions, hoping for a "return."

3. When you are in the red, become impatient and want to return all your lost time. Therefore, increase the size of their trade and take unwarranted risks.

4. You are afraid of gaps and jump in any transaction. When this results in a loss, you are even more eager to jump into the next deal. If you do not trade, become impatient. Then become impulsive and sign in bad deals. Stay in bad trades more than you need. You lose opportunities and you lose focus. It becomes a vicious cycle.

5. Bored. Making money is not enough. The challenge is gone. Throw away all their rules and trade in the name of trade, the feeling of uncertainty and excitement.

If you said "yes" to any of these questions, you are not alone. These are the most common problems. After over-trade, some of the feelings that come are frustration, anger and stupidity. The truth is that feelings are feelings. what separates super traders other is the manner in which they react.

Strategies to prevent over-trading:
1. Before each transaction, clear the mind. While I go through the channels, I came across an interview with a surfer. He said he knew that there would come a big wave and it shtya it flood. The interviewer asked how he deals with it? He said it was simple. If you panic, there are only 3-5 seconds air. If you remain calm, there are 45-60 seconds of air.

What does surfing trade? Well, especially when markets are broken (choppy), if over-trading, you can lose all your capital. However, if you take some time and think about your transactions, you may have much better results.

2. Build your trading plan and stick to it. Plans are roadmaps. You want to know where you are heading. Think about it. If you need surgery, you will want your surgeon to know why he carried out the operation, where it should start, and what is the expected result.
In order to stick to your plan, think about your rules, such as giving your word. Usually we associate giving voice to a contract and do not violate against others. However, the rule does not apply to him. So, treat yourself to as you relate to your best friend and obey the word to himself.

3. Look at each transaction such as idnividualna. Ask yourself: If this is the first deal of the day, would I get it? What would be the original amount of this deal? Do not look at individual deal as a way to compensate for all losses.

4. Create a routine that works for you. We are creatures of habits. As Aristotle said: "We are what we repeatedly do. Therefore, excellence is not action, but a habit."

5. Think of abundance. There are many more options. You will get what you expect. You may have heard the following: Imagine going to the ocean and take water from it. You can use glass or you can use a huge bucket. You can do it once or as often as you like. No matter the ocean, everything depends on you and what you think you deserve.

6. Be patient - look for the right opportunities. As they say, there are many fish in the sea.

7. Keep a diary. For starters, watch this: Where are logged in the transaction where you come out of the deal, why are logged in the transaction, and why you come out of the deal. After a while, you will notice your own models.

8. Remember that this is a process. It takes time and experience. Rome was not built in a day.

9. Reward yourself. I know this may sound illogical. Many of us wait to celebrate and reward yourself when you do things perfectly. We think that if we start to celebrate with intermediate steps, we will become complacent.

The truth is that in order to create a new habit, we need encouragement. Imagine a baby who has just begun to walk. It takes its first step, and then falls. What parents do? They scream and punish the child or encourage him and celebrate his action? Usually, the promotion works much better than punishment. The idea of the festival is to promote ourselves. Trading is simple, but not easy. The biggest difficulty is to accept the simple rules and follow with discipline.

Varchev Finance