behavior and goals

One key to success in any endeavor, including trading, is to  align your actions with your objectives.  In other words, it entails coordinating your efforts so that  they lead you closer to your goals.  For example, if you want to be successful at trading, you should plan out exactly how you intend to make money, develop a  strategy to implement that strategy, and stick to it regardless  of market conditions. Follow these guidelines to make sure your trading actions are in line with your intended outcomes: Step one toward aligning your actions with your stated objectivesis to formulate a precise description of those objectives.  Take some time to consider the goals you have for your trading, whether they be monetary gains, freedom from financial  obligations, or something else entirely. Once you have a clear idea of where you want to go, the next  step is to map out how you intend to get there through your  trading.  You should outline your risk tolerance, the types of trades you  intend to make, and the criteria you will use to enter and exit  trades. Just keep doing what you’ve been doing:  Once you have a plan in place, you should follow it religiously.  Stay focused on your goal and ignore your feelings or the noise  around you. Keep an eye on how far you’ve come:  Check in on your progress at regular intervals and make course  corrections as necessary.  You can use this to make sure you’re on the right track and  making headway toward your objectives. If you follow these guidelines, you’ll be able to bring your  actions into closer alignment with your goals and boost your trading  success.

loss

take that loss and move on. You are not a loser if you had a losing trade.  Although the trade might have been ideal, it ended badly for you.  Sometimes that occurs.  But you should give this some consideration.  If this trade was perfect for you, it won’t matter to the market.  Perhaps your loss was caused by nothing more than a massive  order entering the market.  Well, that wraps things up.  Keep going. follow this with the next one, and the one after that, and the one after that… Money returns if you just concentrate on the process. Also in life. Focus on the process and the bigger plan. Not on one loss or mistake. Your life is the sum of all choices you made. And hopefully, this site can…… loss weiterlesen

intro to trading

an introduction to trading

an introduction to trading

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Categorized as markets

markets 2022

The year 2022 was a disaster for financial markets, with the S&P 500 posting its worst annual performance since 2008, and global bonds entering a bear market for the first time in 70 years. Inflation reached multi-decade highs, prompting central banks to embark on the most aggressive tightening cycle in a generation. Meanwhile, investors had…… markets 2022 weiterlesen

Published
Categorized as markets

Welcome to this trading lesson!

This lesson will explain what trading is and why it is such an important part of the financial world. So, what exactly is trading? Trading is the purchase and sale of financial instruments such as stocks, bonds, currencies, and commodities. These instruments are traded on financial markets like the stock exchange or the forex market.…… Welcome to this trading lesson! weiterlesen