Why Do You Need to Manage Expectations in Trading?

The expectation in trading is the desire to achieve the goal. Trading without expectations is like sailing to the sea without a destination. Expectations will motivate you to reach the goal. At the same time, expectation will also eliminate the number of negative emotions that affect you in the trading process.

However, if you do not control, do not manage expectations then you may suffer the following consequences.

1. You’ll be greedy

An unrealistic expectation, such as gaining $ 3 million after 3 months trading from a $ 300 account does not help you succeed, but vice versa makes trading worse. When you expect something, unfortunately, the result is not good, you will become frustrated.

The more frustrated you are, the more you want to achieve that goal. The more you try to get your target, the more you can do it, including breaking the trading rules, just to get what you want. And as a result, you become greedy, more disciplined, and the consequences will come in a moment.

2. There can be countless mistakes

Mistakes in trading often come from emotions. By having expectations beyond the allowable threshold, you are likely to be affected by emotions. This will indirectly cause the number
Incorrect mistakes, including silly mistakes, like entering the wrong number.

And one more dangerous thing is that these mistakes are extremely hard to spot. By then, your mind has been misled. You may think that the mistakes are not really the fault of you, the fault of the market, the broker or someone else.

3. How to manage better expectations?

The best way to have positive expectations is to set realistic trading goals. If you are a newbie, do not set goals to be profitable, set a goal of living fever, that account does not burn.

Setting the right expectations with the right trading goals is the key to get you step by step in the trading career.

Happy trading

— — — — — — — — — — — — — — — — — — —

WEBSITE
=> https://kriptoa.com/
TELEGRAM
=> https://t.me/KriptoA_com
FACEBOOK
=> https://www.facebook.com/KriptoA
INSTAGRAM
=> https://www.instagram.com/kriptoa_com
TWITTER
=> https://twitter.com/KriptoA_com
REDDIT
=> https://www.reddit.com/user/KriptoA_com
MEDIUM
=> https://medium.com/@KriptoA