January 21, 2020

What's bad, and what's good in trading?

Do you feel how much this headline is impregnated with infantillasm? Unfortunately, some traders, especially  new ones, like to share the market (and the events in it) on black and white. 

But in trade, as in life, things can not be bad or good. Our attitude makes them to be like that. 

Conditionally, you have open positions on a specific tool. You are relatively confident in your forecast, but still does not allow you to do something. You monitor the news, articles with the analysis, but perceive only the information that confirms your position. 

And the arguments in favor of the opposite position, are passing for you. The brain refuses to perceive inconvenient information. 

If the deal is unprofitable, is it bad or good? Specifically for the trader, most likely that it's bad, but so that this is less common, you need to make the mind. The situation I described above is called a selective perception. And this is only one of the many other hitting traps of thinking in the trade process.

We can not affect the movement of market graphs. But in our power, influence the results of our personal trade. And for this it is little just to know the laws of the market, and well analyze.

Productive thinking of the trader! Here is the element, being curbing that your chances of success is indecently growing.