When you trade a lot, you get nervous and tired very quickly. Overtrading is one of our main enemies, especially when you are on a path of capital loss and loss. But there are ways to never over-trade and always be ready for the next trade. And this is my answer to the question, how can we not get over Trading?

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# 1 – Take a break after a big loss

# 2 – Trade a certain number per day

# 3 – Set daily profit and loss

Just before we get into the more specialized issues, we need to point out that Over Trading is a psychological issue. A very important and common factor among successful traders is that they have complete control over their soul and psyche, so they do not have such problems. You too can stay away from this black hole by following the tips below.

# 1 – Take a break after a big loss

If you have recently experienced a major loss in the market, you have become subconsciously emotional, whether you are aware of it or not. To be more precise, the “big loss” has a different size for each trader. For idealistic and professional traders, a loss of 2% can be a big loss, but for gamblers it is even bigger.

In any case, where the damage puts you under stress, you should leave the market for a few days or even weeks and allow yourself to go through the recovery process. If this period does not pass during the break, you will most likely trade too much and seek compensation for your loss.

# 2 – Instead of Over Trading, trade a certain number per day

This advice may be difficult for traders trading in short timeframes, but it is really necessary. They know no bounds and sit behind the monitor for as long as they can and trade.

For example, in the beginning, I even did 50 trades on some days, but in the end, I was satisfied with a maximum of 5 trades per day, if these 5 trades were profitable, thank God! But if it hurt me, I would close MetaTrader and not look at the charts until tomorrow. Looking at charts when you do not want to trade will force you to trade.

# 3 – Set daily profit and loss

When it comes to profit and loss, readers’ subconscious minds turn to TP or SL, which we specify for each trading position in MetaTrader. But Recommendation No. 3 has nothing to do with this. More precisely, we mean to set a profit and loss limit for your working day. For example, suppose my daily profit and loss limit is 2%, in which case even if I still have 3 trades and the first trade is at 4% profit, the second trade at 2% loss and the third trade at the top of the series. , I close all my trades manually, because I have touched my daily profit target of 2%.

Of course, doing this requires overcoming the power of human greed and requires a little practice and experience. “You earn ten times more.” But it is these greedy greed that lead to the bankruptcy of traders.

Conclusion

Over Trading is one of the most important reasons that prevents traders from achieving financial goals.

You need to be honest with yourself and put honesty at the forefront of your trading career. If you follow the above tips, I promise you that you will easily achieve your financial goals.

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