Hello Trader! These weeks are being
…Halloween is coming, and the spirits of past operations come to keep us company. Are you ready to hear from them?
Trading can be very lucrative, but it is also very risky because the market is constantly changing and it is not possible to know exactly what will happen in the future.
It is important to be aware of all the concerns a trader may have before starting to trade the markets. These are some of the worries that could keep you up at night.
worried about losing money
When we are afraid of running out of money, we tend to tighten our belts and save to compensate for the possible future loss, or to be able to face new day-to-day needs that have not yet arrived. And although it may seem that it is okay to worry about the lack of money, you have to be careful, because the money saved loses value, and above all it loses its usefulness.
The ideal is that, as a trader, you place part of your savings in well-studied investment funds, which allow you to obtain profitability over time, and dedicate a part to operating in the markets. Because yes, we have to be prepared to lose a considerable amount of money in order to recover a larger amount in the future.
be out of the loop
The stock market is huge and millions of situations happen in it that go unnoticed by us. This fear is related to having the feeling of not knowing what is happening, and therefore not participating in certain operations, no matter how much you see them as having a high probability of success.
With thousands of companies and millions of shares, it’s easy to lose track of what’s going on. Therefore, if you make a living from trading, you have to be very familiar with your sector, following specialized media including professional traders who can comment on the progress of your investments.
Fear of missing out (FOMO)
While the amount of money made can be very important, a trader looking only to win will likely find themselves trading for long periods of time with no profit, entering any trend without pausing to reflect on its possible outcomes.
This evil spirit of trading is responsible for causing us to panic when we see that a stock is increasing in value, and we feel that if we do not follow the trend we will be making a big mistake, risking being surprised when the markets move against us minutes after the trend. entry.
Lack of control over trading
It’s easy to get carried away with a trading streak that went well, and then allow the ghosts to make you make decisions based on your ego, how well you’re doing and how good a trader you are, without taking the analysis into account. graphics technician.
fear of being wrong
The last terror of every trader is to be afraid of being wrong. But you should know that in this profession you are very likely to lose money, and therefore it is important not to get depressed by losses. Learn to manage this fear and take comfort in the fact that it is a lesson learned and that with more training and practice you can avoid these situations.
When it comes to trading, you should only take action when there is a high probability that a trade will be successful, or take the risk if the probability is less. You should never take the easy way out, or stop dead in your tracks and let a loss turn into a loss.
Do you want to improve your trading operations?
The Download Trading Platforms Masterclasses are made up of leading teachers in Spain who share their knowledge about trading with us to help us improve our operations. Are you interested in improving your trading operations?
Choose to learn with us and change your results!
Have a Happy Halloween!