“Put your eggs in the different basket“
It’s a nice words in the investment world. But what should we do if we go long and the market immediately goes down – we go short and the market immediately goes up. That’s two consecutive losses. And then what we do next?
“Next trade?“
As soon as we enter the trade it immediately reverses, thus give us another loss. It’s sucks.
“Quit?“
It’s a nice solution, b’coz no more temptation. But what about quit and throw your computer out the window, and dive out right behind it. Oh no, you’re in trading psychological spiral.
If you’re in this state, thats terrible. You’re out of control, trading methods become completely ignored, and is then replaced by emotional responses.
So, what should we do?
-Be aware, control your emotions, consider step by step you take, and neutrality.
Any science solutions?
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