HOW TO IMPROVE YOUR TRADING CONFIDENCE
Trading is, in my opinion, one of the most difficult vocations. Because of the ongoing uncertainty, we are under a great deal of stress. This element puts a trader, especially a young one, under strain. I’ve encountered a number of novices who were so terrified that it took them days to open their first trade, even though their analysis was flawless. Some of you have asked me for starter advice, and my response will be “build self-confidence.”
Self Confidence:
Self-confidence is possibly the most crucial of all the attributes required for success. You must have faith in yourself and your trading strategy.
Self-confidence is developed by everyday routines and rituals, as well as focusing on what you can control rather than what you can’t. I’d like to suggest a few things to look into.
Take charge of your thoughts:
Negative self-talk and self-talking will never help you acquire confidence. Your trading career will come to an end here. Have a clear understanding of what went wrong and how to prevent repeating the same mistakes in the future. Everyone makes mistakes. You must remember your lesson and continue on your journey.
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