After years of coaching and training financial market traders, I have come to the conclusion that market beginners have the most erroneous mental imagery of their trades. In other words, from the time they enter into a transaction until the transaction is closed, they turn their attention to trivial matters, and this causes them to fail in the transaction and cause frustration in them.

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This article is a brief guide to know what to think about and what to do before and after trading. It is hoped that some of your mental questions will be answered and the vague issues you have been struggling with so far will be resolved.

Before the transaction

Once a trading position has emerged with a high probability of success in the market, follow these steps in order and be sure to remember the important points:

1. Calculate the most reasonable possible  loss – never set your loss with greed! In other words, do not set your loss margin too small and do not impose a high risk on the market. It is the market that puts you at risk for Rivard. Always set the limit so that the price is allowed to breathe and go up and down a bit. This will make you feel comfortable that with small market fluctuations, your loss will not be activated.
2. Accept the potential loss of any trade  – you have to deal psychologically with the fact that any trading position, no matter how likely it is and in accordance with your trading rules, may be your stop loss or stop loss. Enable. If you understand and accept this deeply, you will never risk more than you can handle.
3. Accept that the transaction takes time to conclude.  – As I mentioned before, accept the risk before entering into a trade, so you will no longer need to manipulate the trade and you will not change your profit and loss with any market fluctuation. Just accept that the market wants to activate your loss and how much profit you can not do. If you want to manipulate the transaction without reason and logic, be sure that you will destroy your account in a short time. So  be prepared to do nothing!

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When trading

It is usually during this time that traders make the most mistakes. In this way, they sit in front of the clock chart and constantly analyze with all the methods they know and do not know in order to convince themselves to close the deal at a low profit or low loss, because they come to the conclusion that the deal was wrong! All traders have experienced this mistake at least once. To avoid this mistake, pay attention to the following points:

1. Let’s prove your wrong market  – Always mark the levels and levels on the chart that will prove to you that your trade was wrong if the price crossed that level. (I mean the loss limit.) And stay true to these levels. Your goal is for the price to move by letting you know if your analysis is right (touching the profit line) or wrong (touching the loss limit).
2. As mentioned before, the price can go up indefinitely (!) Before reaching your profit and loss limit, but this should not scare you because if you react to any movement in the market, eventually or the deal You close it too soon or you make more stupid mistakes and when you realize that your mistakes are over and you have no money left in your account.
3. It is normal and vital to check trades at one or two candlesticks at a time. (If your trading time frame is 4 hours, this is every 4 to 8 hours.) But keep in mind that in most of this check You have nothing to do! If you have a tendency to manipulate the transaction, know that you are too involved (over-involved) and do everything from that moment on, you will definitely regret it.

So the golden point is that if you do not leave the deal alone and do not let time pass, your trump card (your trading strategy) will not have a chance to show itself to you and make a profit, even if it is the most successful method in the world. So trust the logic with which you entered into an intense deal.

After the transaction

The first thing you need to do after the trade is closed, regardless of whether the trade is profitable or unprofitable, is to rest and stay away from the market for a certain period of time.

After the last trade is closed, it is very difficult to return to the same ideal mental state without over-trading (Sasa) to identify the best and most likely market positions. The issue that most novice traders suffer from is false confidence. A trader whose last trading result is a profit, gets the feeling that he has captured the market and whatever he says the market does. In contrast, a trader who has made a loss enters into very low trading positions to compensate for that loss, and may even enter into a trade without a position to make up for the loss, and like a person who is drowning at sea, Each hand grabs the pendant.

To solve this problem, you have to think that each trading position is unique and the extent of its failure or success has nothing to do with several of its previous positions. With this account, there is no reason if the next trade is profitable if you make a loss, or the next trade is profitable if you make a profit.

Remember, do not lose money easily from the market! Preservation of capital is the most important principle for survival in the market. After profitable trades, be careful with your money instead of looking for more profits. Withdrawing profits on a regular basis, such as once a month, is one of the market’s professional behaviors. Do not expect to save a few years to become a billionaire. When is trading a job in the financial markets, and like all other jobs, you have to make a profit. In this way, you have encouraged yourself to succeed in the market, and if you run into problems at any time, this withdrawn money can save you.

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