1 hour later… oh no, my dear pips, where did they go, I should have taken profits that time, ohhh… tears, broken glass, and eventually hours of stress.
Well, stress, my friend, is a bad thing. If you stress yourself out while trading Forex, you will get nowhere, instead, the person inside you will get more tired, sad and unsatisfied with you and your trading. Next time I guarantee you will cut your profits too early and watch the market making another +200 pips but already without you. What you will get… let’s say it out loud, kids, everyone together – STRESS! That’s right, again. Thank you.
How to deal with that? Each time you get stressed out take my dark secret medication and sun will shine again! But better, do yourself a favor, while you are trading, don’t count in pips in the first place.
| Don’t consider pips to be yours until a trade is open. You haven’t earned them yet. |
And of course, when you don’t get the reward you were already considering your own, you start blaming yourself and may be crying like a child. Ha-hah… Conclusion: you need to relax and trade according to your rules and count profits only when a trade is closed, not before it, not during it.
That’s it. Simple but very effective rule: no pip counting, no stress, no early exits.Making a copy for personal use or linking back? Be my guest! Stealing content? STOP immediately! If I find you, your site will be banned!
Well, well. I see some of you still have question marks in your eyes. And those questions are: How to achieve that anyway? What should we do?
Ok, you asked. Now listen.
| You should trade as if you don’t need money! |
Can you do this? Can you free your mind from “I need money” statement? If yes, you may add +1 key quality to your portrait of a successful trader. If not, well, not all people are perfect…
