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A trader’s confidence can be shaken by significant losses, but the only way to recover from this is to become an expert in trading psychology. Fear, anger and remorse are examples of emotions that can impair judgment and lead to hasty decisions.
Traders must first accept the loss, distance themselves emotionally and reevaluate their approach with objectivity in order to recover. Important components of trading psychology include developing mental toughness, maintaining discipline and following a risk management strategy.
Learning is reinforced by journaling transactions and reflecting on mistakes. After suffering large losses, effective traders stand out from the rest because of their psychological toughness and emotional control. And Trading Psychology
Actually, while trading, the losses are less but in the process of learning trading, all the losses are incurred and after a time when the trend starts to become clear, what is it good to do this, do that, here this state happens, in this way stop loss happens,
what is trading psychology, that is, when they start getting total knowledge of mistakes, by then they have made so many losses that their psychology is completely spoiled! Today’s article is for those people who have lost a lot of money in the market in the beginning while learning about the market. The mindset has also started to become clear! But the psychology has not yet become completely strong, the past losses are preventing us from performing in the future as well!
There have been a lot of losses in the process of working in the market, but now what is the process to follow after this, stay till the end of the article, I am going to give you the complete solution in this article!
By the way, working in the market is very famous in social media!
First of all, if you keep doing comebacks again and again with the same thing, then the result will be the same that it will send you back to the market again and again, so in this situation, the first thing is that when you have gone back to the market once, then
if you come back again, you will have to do it with different methods, whether it is a matter of strategy, whether it is a matter of risk management, whether it is a matter of money management, now here it comes that how to know how to come back, what is going to be that plan!
First of all, you will have to face two-three things, first of all you will have to rest your mind!
Second, you will have to prepare for change!
You will have to bring changes in the plan, only then the result will start changing!
And when you bring changes and refresh yourself, not the journey of refreshing yourself, then that thing gives you the result itself!
Then your journey starts to continue
Now first of all you have to find out the reason to go back, what to do!
First of all, take a pen and paper, a diary and find out the reason for going back yourself! When you do the second comeback, all those mistakes should not be tick marked again to indicate that you are making the same mistake again.
You should come back not once, not twice, not three times, but find out for yourself what mistake you are making.
Whenever you have given an exam, there is a compartmental exam, you passed in four subjects and failed in one subject, then you will evaluate what is the reason for failing in one subject, what was the reason that we could not answer those questions, in the same way,
if you are repeatedly leaving the market due to over trading or due to revenge trading or due to the wrong positions, or due to which you hold too many losses or are going about random trading or you do not know what the situation is, then first of all you should write down those things, it is happening due to bad traders, keep those things in your mind.
Now from here you will know whether there is a problem, what is its solution, how? you will know its solution
Comeback does not mean that you will come to the market daily and start earning lakhs or doubling and tripling your capital daily.
Comeback means that you have come into this game and you have started moving in a positive direction! You have 20000 and if you are making 22000 in a month by trading 20000, then also you have made a comeback.
Comeback has a direct relation with the process and decent outcome. The first thing you have to do is that if you are getting even a small return from the market, then you have to feel happy. You have to be happy. Even if you are not making a loss, you have to start trading with small capital. The problems that you had faced while going back,
if you come back, then you have to take an oath that you will not repeat all those problems. When you focus on all these things, then your journey will be recent, otherwise you will keep repeating the same thing, then you will keep getting the same result which you have been getting again and again!
You will come again after preparing, friend, I will deposit some money and this time I will create a storm in the market!
Then the market will take all your money. After selling 10-15-20 rupees of one thing, in the end you will give a reply to the market and leave saying that the share market is a satta bazaar.
Conclusion:- I hope that you have understood all the points I am trying to tell in this article and to get such share market related education, stay tuned with 24 NCO! Thank you