TRADING TIP #7 || Trading is easy in concept, but very difficult in execution! Develop a strong psychology!

TRADING TIP #7

Trading is easy in concept,

 but very difficult in execution! 

Develop a strong psychology! 

Is trading easy for real?
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Well, yes! You just have to buy low and sell high / sell high and buy low, right? That’s the main concept of trading. HOWEVER, the hard part comes when it’s time to execute this concept.


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There are hundreds of strategies available to us. We first have to find the one that suits our personality - scalping, day trading, swing trading, position trading. Me personally, I like to day trade, so I focus to find the lows/highs for the last couple of days and focus on shorter term movements and price action.


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Secondly, you’ve gotta build a solid system around your way of trading and execute it flawlessly. That’s when emotions and psychology get involved. You may lack patience and get in early, or you are too conservative and end up entering after the move has developped. That’s why you have to be strict, have specific rules for entries and stick to them no matter what!
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Remember, it’s all about perspective. Somebody’s high can be your low on another timeframe. Work on YOUR strategy, YOUR timeframe and YOUR psychology!