Well, I can say that this month turned out to be quite good, because I was left in a good plus. My minute strategy works quite well.
my trades: i.imgur.com/CnWbDG0.jpg
I donāt think Iāll be able to achieve my plan of increasing my deposit, but no matter what, Iām also in the plus, although itās not what I was hoping for.
The main thing is that you are āin the blackā. And the fact that you didnāt stick to your plan is not that important. Itād be way worse if you ended the month āin the redā.
I agree with you. Itās just Iāve set a certain goal and I wanted to reach it. And here profit fell short(((
No worries, youāll get there this month. The main thing is not to lose your head chasing profit. You should always remain calm and sensible.
Yeah, well, psychology is super important. Without proper attitude you can hardly trade profitably.
Trading psychology is super important. But I think that risk management should be traderās top priority.
I canāt agree with you on that one. If you canāt stop and pull yourself together at the right moment, no risk management will help you.
Iāve read an article on trading psychology here once. It said that you should be coolheaded and super calm when making trading decisisons. Thatās how professional traders do it.
Only robots can trade without any amotions at all. But people do have emotions and it affects trading anyways.
Have you read āPit Bullā ? by Buzzy schwartz?
Yeah, trading psychology is a difficult thing. But I think everything depends on your experience.
Experience is super important, for sure. But you should also constantly develop you skills and learn something new to progress.
Youāre absolutely right that traders should always learn something new. Itās a must. I for one sometimes check out the learning section.
Guys, Iāve noticed one feature in the platform. It allows closing trades before expiry. Anybody uses it? Do you think itās useful?
I once accidentally bought an option instead selling it. I used this feature then.
Iāve also use this feature a couple of times. It helps to reduce risks just like risk-free trades.
I have mixed feelings about risk-free trades. They allow you to trade conservatively but then again they cut down the profit.
Well, yes, optionās profitability decreases with risk-free deals, so what, you can still just buy an option with a high price, right?
Youāre right, but I have very strict money management and I canāt afford to buy expensive options.