MHfin wrote a post · Jun 21, 2022 07:46

Trading Psychology, and How to not be a Retard

I've been in the game a while now, I do forex with 30x leverage and options every now and then, I am comfortably profitable and it's my source of income. Early on, I used to get super fucking dumb about my trades and would be super emotional so I've compiled a list of things to do to avoid that:

Stop checking your P&L every 2 minutes, when I make a trade, I set a strict TP and SL, and I don't look at the trade

Eliminate FOMO. Stop telling yourself if you stayed in for another day you would've made 5% more. You didn't stay in another day, so get over it you dumb fuck.

Stop Searching for the magical indicator, it doesn't exist, find a strategy and stick to it

REMEMBER THAT IT'S ALL PRICED IN

Don't try and beat the trend.

Don't trade on an empty stomach

In options, the market will try and fuck you, be prepared

"Thous't who is not a dumb fuck will win" -

hope that helped