For a few years, I went through some tough financial times. First, I failed a lot at trading. It’s no secret. But even when my trading performance started getting more and more consistent, I was still struggling financially.
The reason was that I didn’t know how to manage my finances skilfully.
This is a guest post by Colibri Trader, www.colibritrader.com
This blog post will teach you how to face your fears. By the end of it, you will learn how exposure therapy can help you face the very situations you fear so that you can eventually desensitize yourself and get over your fears for a much smoother (and profitable) trading experience.
The market is fascinating. Although you can spot patterns and make predictions accordingly, the immediate outcomes of these predictions aren’t always predictable.
Why is it so difficult to succeed as a trader?
Great question, right?
Let me start by eliminating one wrong answer commonly thought to be true: It’s because people can’t find a reliable trading system.
This can’t be true.
Emotional pain is one of the most common ways that our mind reacts to a loss, or a string of them.
Below is a list of common questions/ comments your mind makes when you lose, which often stir up or intensify unpleasant feelings.
Let’s say you enter a trade, and minutes later, your stop-loss is close to being triggered.
