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Category: Basics of Trading

Dealing With Big Trading Losses

Dealing With Big Trading Losses

As any seasoned trader knows taking losses is part and parcel of trading. If you trade long enough you will face your fair share of trading losses. Whether it was a lapse in discipline, a breakdown in your technology or an unexpected news event, no trader is immune to taking a trading loss. The markets can be extremely unforgiving and from time to time you will end up dealing with big trading losses. Predictable Response Trading losses trigger a predictable…

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Changing Your Environment Can Affect Your Trading

Changing Your Environment Can Affect Your Trading

Traders often underestimate the effect a change of environment can have on their trading. The mind gets used to processing information in a certain way and any small change in your trading setup can lead you to process the information differently. Processing information differently leads to suboptimal decision making. When I was a trainee, my desk was moved from one side of the trading floor to the other. From a dark corner of the room to right beside a ceiling…

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