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There is a second one - psychological. When you start counting money. «I’m going to come in now with a risk of $100, so I’ll earn $300...» Do you know? The whole head is in dollars at once.
Important: the risk in money should be tangible. He should not be indifferent, but at the same time you should not be inspired by a possible big profit.
If you bet $1 on the deal and you don’t care about the result, you work like on a demo. You can’t do that. Even on tests you have to feel responsible. And vice versa - if you risk $200, and you are afraid of losing, or you start shaking from large numbers in the terminal, you will be afraid to press the button. Jerging, greed, fear begins. The market sees it and does not forgive.
The risk should be comfortable, but not indifferent. You should respect money, but not be afraid of losing it. The balance between the head and the numbers is real trading.
Have a good day and strong discipline everyone! 0 reply
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