How to Solve Trading Stress
If you find yourself very stressed over a trade, it probably means you are trading too big a position. Size down. Fear is responsible for nine of every ten trading mistakes. You will experience fear when you are trading too big relative to your present emotional comfort.
When you feel like you can’t leave the trading desk, or if you are checking prices on your mobile device every five minutes, those are signals that you are committing too much capital and emotional energy in your current trade.
When traders ask me how they can improve their P&L, I tend to answer, “There are many things you need to work on to improve your overall trading consistency and long-term profitability, but if you want immediate results, you just need to trade smaller.”
You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you’ll also learn:
- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business
As you master this breakthrough program, you’ll build yourself a distinctive trading signature.
“It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career.” — Henrique M. Simões