Is it fear, nervousness, joy at being able to attack those charts? Or are you like a stone wall…blank and emotionless?
I have three trades carrying over the weekend, so I’m anxious as hell! You could probably say cautiously optimistic too.
Do pray tell.
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I was flat over the weekend. But, going through my charts today I’m seeing some nice opportunities, so I’m excited. I’m generally excited for a new trading week.
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Personality I never Carry trades .
I’m a day trader, and take It as a job. My job is to trade the London session, so at 9:00 GMT I start and by 16:00 I’m normally done… my trades Will be Closed at about that time.
So no emotions… just like a regular job…
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I dont understand what you said there.
You said you Carry trades over the weekend. I don’t.
Friday before market Close all my trades are Closed.
oh, ok. Thanks for the clarification.
I detach myself from the outcome of every trade as I have no control over whether it wins or loses. The only control every trader has is risk exposure.
Emotional responses are always there, and I accept them and bypass them by closing down my desktop when I have opened my daily trades with a S/L and T/P in place. Note: my T/P is guaged to trigger BEFORE the trade reaches the next support and resistance zone, and the S/L is wide enough to cater for a retracement on route. For my trending strategy that is imperative.
As for both Daily and weekend open trades, First thing next trading day, I will close them. And begin again. Fortunately I’m an early bird living in the Asian session which opens at 04.01 Bangkok time.
best of luck with your trades.
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Yeah, I’m excited to keep trading. But I do often get nervous because I get confused reading the charts. It’s a bit of a roller coaster.
It’s not good. I’m with @steve369 it’s best to be ice cold.
When the market has opened, I simply wait for signals from my trading strategy. And until conditions arise for a good entry into the market, I do nothing. In Forex it is important to be able to wait. Only this can provide an almost perfect entry into the market with a minimal stop loss and many times larger take profit. Such entries are made mainly during the European and American trading sessions.
I feel a mix of excitement and fear, almost like anxiety, in the lead-up to the market opening for the week. It’s a blend of anticipation and apprehension about potential trading opportunities and the outcomes of existing positions.
even the most experienced trader always feel emotional when they invest a huge amount of money in forex.
When I am going to start my new week trading, I never feel any emotions but when I open a trade then I feel some emotions about what will happen with my trade.
I’d say I’m a mix of cautious optimism and nerves when I have trades open over the weekend.
But mostly I close all of my trades during weekends.