Most traders whose main occupation is trading and living this way will tell you that trading is as much mental work as the mathematical calculations for designing NASA’s space shuttle! Why? Because you are exactly on the same side of life and death, and you have to be just as patient and stick to your plan.

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Each trade is slightly different from the previous one, so it is very easy to question the strategy, even if you have already tested the strategy and make sure it works well.

Failure to adhere to the trading plan will have many unfortunate consequences for the trader. Among the problems that traders face due to non-compliance are the following:

• Early and uncertain entry into transactions
• Late withdrawal from transactions
• Too much risk tolerance
• Late entry to transactions
• Early withdrawal from transactions
• Do not do some transactions
• Over-trading

Such issues are often due to mental errors, which we will examine below. We suggest that you follow this article to the end if you care about your trading progress.

Lack of complete trust in strategy

When you have complete confidence in something, you do it easily. Your trading strategy should be the same. Practice your strategy and live with it until it becomes the queen of your mind and you gain heart confidence.

Trust that pursuing your strategy will yield tremendous results, and doing anything outside of it will result in huge and irreparable losses. This will only happen to you if you practice day and night for a long time, something that many traders do not do.

Most traders, when they learn a new strategy, spend a few hours testing that strategy on the previous chart, work one or two days on the demo, and finally reach Cal Margin in less than a week by recharging their account.

To trade for real money, you must trade your strategy for at least 6 months as a demo or trial. During all this time, have reporting and reviewing your transaction portfolio on the agenda.

Unprepared mind

Your lifestyle may be very busy and you may have little time to trade. In this case, I suggest you leave trading right now and look for another job. Trading is introduced as the second job, the first income, but this is not really the case.

You need to take some time to trade. Your mind must be ready to hunt for different trading opportunities throughout the day. With a mind that is involved in something else, you can not see the chart with full readiness, then enter the market with a fair analysis. The mind that is involved will have no effect on you other than the loss in the financial markets.

Trade when you are angry or sick

You need all your mental strength to trade. If you are stuck in traffic and you get nervous about other people’s bad driving, you should not trade until the end of the day. If you argue with a colleague or friend during the day, trading will be forbidden until tomorrow!

If you have a cold, headache, leg pain, toothache, or any other illness, you should not trade until complete cure. The reason is quite clear, illness and nervousness lead to the involvement of the parts of your brain that you need for accurate market analysis.

Allow previous trades to influence your judgment

A novice trader is happy with every profit he makes and sad with every loss he makes. If you think this is normal, I must say that you are also a novice trader and you have a way to make continuous profit to the general market.

Experiencing any kind of emotion in the market is wrong. You have to become a completely cool person who is neither happy with profit nor sad with loss. Because in that case, with every profit you make, your self-confidence will increase and the probability of making a mistake in the next trades will increase. With each loss, your self-esteem drops and you are more likely to make mistakes.

If you are an emotional person and have trouble controlling yourself, be sure to see a psychiatrist. In addition to helping you trade and make money, it also gives your social relationships more quality.

Trading outside the framework of strategy rules

Humans are divided into obedient and uncontrollable categories. If you have no problem following the rules in general, you can ignore this paragraph altogether. But there are many who dislike following the rules, either consciously or unconsciously.

Trading is very difficult for such people! Because they are constantly waiting for the opportunity to make a change in strategy and go through a hundred years overnight. When they see something happening in the market twice in a row, they quickly come to a conclusion and change their strategy and fall into a vicious cycle that has no good end…

The last word

Trading in general is full of mistakes and errors. You have no choice but to make a mistake. So to succeed in this job, it is better to learn from your mistakes. Otherwise, these mistakes will be repeated so much that you will not have a single rial in your pocket.

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