How to prevent over-trading

Over-trading is a professional risk, which most traders face sooner or later in their development, so we offer simple but effective strategies to help solve this problem.

1. Before each transaction, clear the mind. 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. Want to know where you are heading. Think about it. In order to stick to your plan, think about your plans / rules, such promise. However, this 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 make up for all your 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 abundance. The market offers many more options than you think, because if you're not sure of an item do not enter. Be patient - look for the right opportunities. As they say, there are many fish in the sea

6. Keep a daily 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.

7. Remember that Trading is a long process that takes time and need a lot of experience. As the saying goes, "Rome was not built in a day"

8. Reward yourself. This may sound counterintuitive. Many of us wait to celebrate and reward yourself when you do things perfectly. The truth is that in order to create a new habit, we need encouragement. 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.

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