KNOW WHEN TO STOP TRADING🛑

4 paź 2021

A trader who is in a bad mood should think about taking a break.

The easiest way to determine when a BREAK from trading is needed is to first assess your current emotional state and performance.

- Do you constantly close the trades couple of seconds/minutes after you opened them, chaning your mind?
- Do you spend all day "burning" your eyes, watching charts to find patterns just for the sake of making money fast?
- Are you deviating from your trading plan?
- Are you taking more risks than usual?

If you answered "YES" to at least one of these questions, then it's time to stop.

Always let the market give you the conditions for trading. Build your analysis = Follow your trading plan & strategy and let the market do what it needs to do. Never get into the market at random or into the first pattern you come across. You will often notice that the pattern is not the best trading condition.

When you find yourself violating strict risk management and trading plan, take a step back and understand what may be causing your irrational decision-making.

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