Do not take profits until there is a good reason to do so
The Chicken parable
Do not count your profits until they are realised
Accept that you will have to give some profits back to the market
Do not become complacent or greedy after a…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Manage-Winning-Trades-with-the-Correct-Trading-Psychology.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:30:402021-10-04 19:09:15How to Manage Winning Trades with the Correct Trading Psychology
Trade what you see, not what you think
Being objective despite having open positions
Anticipate, but only act when market confirms your opinion
When you see danger, get out first!
Clear all positions to have a neutral frame of mind
&…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Develop-Mental-Agility-in-Trading.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:30:382021-10-04 19:09:09How to Develop Mental Agility in Trading
Many new to trading have the tendency to liquidate positions that show a small profit, yet they keep those positions that show a loss as are unwilling to take a loss, in hope that prices will rebound.
Such a counter-intuitive strategy will…
https://synapsetrading.com/wp-content/uploads/2021/07/How-to-Manage-Losing-Trades-with-the-Correct-Trading-Psychology.png7201280Spencer Lihttps://synapsetrading.com/wp-content/uploads/2019/10/logo.jpgSpencer Li2021-07-25 12:24:502022-12-21 02:26:09How to Manage Losing Trades with the Correct Trading Psychology
