- 22 Nov 2022, 09:41
#1289
When your mind is focused on the negative side of trading. You will tend to lose sight of the positive aspects that have brought you success in the past. Controlling emotions is extremely important.
It is for this reason that I believe it is better to focus your attention on your own strengths during this downtrend market period. On the other hand, when you are trading well. You should turn your attention to improving what you already do. Doing so will help keep your trading confidence at an appropriate level. Remember, low self-esteem and overconfidence are both detrimental to you.
The Downtrend market is also a good time to look at what you have done and what needs to be improved. Some veteran traders choose the Downtrend market time to rest and travel. And stay out of almost all the so-called “opportunities”. At that time, they will have an objective view, clear and safe opportunity when the Downtrend season is over.
It is for this reason that I believe it is better to focus your attention on your own strengths during this downtrend market period. On the other hand, when you are trading well. You should turn your attention to improving what you already do. Doing so will help keep your trading confidence at an appropriate level. Remember, low self-esteem and overconfidence are both detrimental to you.
The Downtrend market is also a good time to look at what you have done and what needs to be improved. Some veteran traders choose the Downtrend market time to rest and travel. And stay out of almost all the so-called “opportunities”. At that time, they will have an objective view, clear and safe opportunity when the Downtrend season is over.