Here Is How To Set The Right Trading Goals in 2024
Achieving Realistic Trading Goals
7 Steps To Setting Realistic Trading Goals:
- Don't set goals that are too low that cause you to be uninterested
- Don't set overly high goals that will cause you to risk to much capital
- Higher your goals, the higher your emotions
- Switch how you think about your goals top be more realistic
- Trade so your emotions are controlled
- Know your maximum risk levels ahead of time
- Sticking to your strategy is always paramount
Goals That Are Too Low:
- Demo trading is good, but after too long you could get board of it.
Goals That Are Too High:
Goals that are too large usually requires the traders to take trades that have high risk. High risk, high reward they say. Sadly the approach usually leaves the trader without much of an account as they can't withstand the normal ups and downs in the market. With any system that is sustainable your going to have series of winners and losers and if you can't sit through the losing trades because your risk is to big then you'll be left without an account. It's all about survival.
Goals that are too large usually requires the traders to take trades that have high risk. High risk, high reward they say. Sadly the approach usually leaves the trader without much of an account as they can't withstand the normal ups and downs in the market. With any system that is sustainable your going to have series of winners and losers and if you can't sit through the losing trades because your risk is to big then you'll be left without an account. It's all about survival.
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Switching How You Think:
Baby Steps - Realistic Trading Goals One Step At A Time:
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