Are you also struggling to find the time to establish a serious trading routine besides working your regular day job, following your hobbies, and spending time with friends and family? You are not alone. We know from first-hand experience that juggling all our obligations while trying to become a better trader is hard.
Establishing a better trading routine and being able to make the most use of your limited time will have a big difference on your trading. The problem is, 90% of all trading sites only focus on how to pick entries and discuss the newest indicators, instead of talking about how to build a professional and structured routine around your personal, daily life.
If your trading could need some structure and if you want to find a way to combine all the things that are important to you in your life, this article shows you how to achieve just that.
Doubts, uncertainty and fear are 3 common emotions and states of mind that accompany traders through their trading day and throughout their whole journey. It’s what keeps traders from becoming profitable and it also keeps them trapped in old behavioral patterns, repeating the same cycle and mistakes.
Traders doubt their trading method, the way they manage trades and their own abilities as traders. They are uncertain about how to approach the market, how to manage trades, when to exit trades or how to set a stop loss correctly. And all this uncertainty and continuous doubting lead to fear – the fear that they are doing something wrong or the fear that they are missing out.
Not all trades are created equally and there are good and bad trades – but it goes much deeper than this as we will see. The quality of your trades influences trading performance, account growth and volatility and directly impacts a trader’s emotional capital.
However, very few traders have a way of determining the quality of their trades or how to use this information. In this article, we will show you how to use Edgewonk’s features to easily keep track of the quality of your trades and why it’s so important.
Why is it that traders tend to repeat the same mistakes and apply incorrect trading behavior over and over again? Some traders are stuck in the same loop of losing money consistently and making absolute beginner mistakes, even after years. There are, in fact, numerous reasons behind such destructive behavior: Unrealistic expectations (which leads to […]
High performers call it “Evidence-Based Practice” or the TFAAT (try, fail, analyze, adjust, try again) approach. This way of improving and developing skills makes succeeding an almost certainty while following the “Hit and miss” approach leads to failure 99% of the time. In this article, we want to highlight the importance of this concept for […]