Ups and downs in the life of fulltime trader – financial spread trading

Ups and downs in the life of fulltime trader – financial spread trading

Professions are important for any of us humans. Without our profession, we would not be able to lead a decent life in our society. Sometimes with time, our professions become a part of us. Working for the same thing over and over again makes us emotionally attached to our job. Sometimes this emotional attachment can boost your performance  and others in your workplace. On the other hand, perhaps not. You efficiency comes down and you lose the confidence in yourself. In this article, we are going to discuss some of the most common emotional attachment of trader’s to trading business. We will mention why they are not good for your trading performance. Feel free to share any thoughts with us after reading this trough.

Euphoria for losing money

Euphoria probably the most dominating of all the emotional things for trading. Because this controls the trading performance of yours. When losing money from trades, euphoria kicks in. this thing makes you weak in your trading business. To be clear, your trading strategy is mostly interfered with by this emotion. Money is important and we do believe that with our heart and soul. That is why, when we lose some our brain gets a great shock from it. It doesn’t even end with that shock either. The effect keeps on coming in the appearance of frustration and regret about making the wrong decision. Thus, your self-confidence falls and ruins your trading.

Being a full-time trader you will have to face lots of travels. At times you will have losing months but this is absolutely normal. Some of you might think about how come the experienced UK traders support their family when they have losing months. Well, there is a simple solution to this problem in

Ups and downs in the life of fulltime trader – financial spread trading

Professions are important for any of us humans. Without our profession, we would not be able to lead a decent life in our society. Sometimes with time, our professions become a part of us. Working for the same thing over and over again makes us emotionally attached to our job. Sometimes this emotional attachment can boost your performance  and others in your workplace. On the other hand, perhaps not. You efficiency comes down and you lose the confidence in yourself. In this article, we are going to discuss some of the most common emotional attachment of trader’s to trading business. We will mention why they are not good for your trading performance. Feel free to share any thoughts with us after reading this trough.

Euphoria for losing money

Euphoria probably the most dominating of all the emotional things for trading. Because this controls the trading performance of yours. When losing money from trades, euphoria kicks in. this thing makes you weak in your trading business. To be clear, your trading strategy is mostly interfered with by this emotion. Money is important and we do believe that with our heart and soul. That is why, when we lose some our brain gets a great shock from it. It doesn’t even end with that shock either. The effect keeps on coming in the appearance of frustration and regret about making the wrong decision. Thus, your self-confidence falls and ruins your trading.

Being a full-time trader you will have to face lots of travels. At times you will have losing months but this is absolutely normal. Some of you might think about how come the experienced UK traders support their family when they have losing months. Well, there is a simple solution to this problem in financial spread trading. You must have a financial backup for at least six months. If you start relying on the profit factors of your trading business, you will have to bear extreme stress. We are human beings and it’s not possible to perform well under extreme stress. So having a financial backup will also boost your confidence level.

The greed of making more

After euphoria for losing there comes greed for making more. You have to cover up the losses you have made in a particular trade somehow. And making more is the only way to it, right? Wrong, this is just the basic human nature that makes you think you have to fight fire with fire. Your brain will not get chance to thinking that using water is much more effective for facing the fire. In the case of trading, you will not think about your trading strategy because of greed for money. Sometimes even novice traders think of only making money. Their goal from the beginning that they will make money. The influence of that comes from what they have learned about the market. They have heard that nowadays trading is a great job for getting a decent income out of it every month. Almost no one ever learns the reason behind a decent income from trading.

Doubt in own caliber

After experiencing euphoria from losing trades, you will face one more problem. That is lack of confidence in yourself. Because of regret, your performance will degrade from time to time. Who knows, one day you might fall apart from this business totally. Now you can understand how dangerous this emotional attachment can be for your trading career. It seems that euphoria is the main thing which can cause a trader to fail. But, with self-confidence, anyone can overcome this problem and continue the profession of trading. It is a matter of thinking about what the right thing to do is. Never doubt in your trading strategy after losing a few orders. Stick to your system and try to learn new things. Be a brave trader when it comes to spread betting profession.

. You must have a financial backup for at least six months. If you start relying on the profit factors of your trading business, you will have to bear extreme stress. We are human beings and it’s not possible to perform well under extreme stress. So having a financial backup will also boost your confidence level.

The greed of making more

After euphoria for losing there comes greed for making more. You have to cover up the losses you have made in a particular trade somehow. And making more is the only way to it, right? Wrong, this is just the basic human nature that makes you think you have to fight fire with fire. Your brain will not get chance to thinking that using water is much more effective for facing the fire. In the case of trading, you will not think about your trading strategy because of greed for money. Sometimes even novice traders think of only making money. Their goal from the beginning that they will make money. The influence of that comes from what they have learned about the market. They have heard that nowadays trading is a great job for getting a decent income out of it every month. Almost no one ever learns the reason behind a decent income from trading.

Doubt in own caliber

After experiencing euphoria from losing trades, you will face one more problem. That is lack of confidence in yourself. Because of regret, your performance will degrade from time to time. Who knows, one day you might fall apart from this business totally. Now you can understand how dangerous this emotional attachment can be for your trading career. It seems that euphoria is the main thing which can cause a trader to fail. But, with self-confidence, anyone can overcome this problem and continue the profession of trading. It is a matter of thinking about what the right thing to do is. Never doubt in your trading strategy after losing a few orders. Stick to your system and try to learn new things. Be a brave trader when it comes to spread betting profession.

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