Are you alcoholic? if not then you must be getting irritated by this question .
I want to display that only being alcoholic is not addiction but there may be addiction of anything.
If being in procrastination mind you are dealing with loss then let me show you if you are being procrastinated.
Being Procrastination (Trader) =Drug Abuse=Alcoholic
- Poor Self Regulation. (Don’t allow candle to regulate your behavior)
- Poor Will power. (Entry with the positive mindset and take proper stop loss and target)
- Poor Self control. (Don’t allow market to push you but let the market push and then act according to your set up , not mind set up)
- Badly emotions. (Once stop loss hit don’t get badly emotional and try to wait patiently and then let the patter be ready may be next patter will cover loss.
- Overthinking. (Trade what you see not what you think)
- Revenge Trading. (Unless you understand that market is supreme you never can money in the market)
- Hope Trading. (It has no value at all, mark the points and trade the points.)
- Averaging. (Never Never or if then must exit at STOP LOSS)
- Uncontrollable (Aukat se bahar) Position. (this is main cause of blowing of account of mine and yours may be too, it may give profit but mostly since this kind of position we take when we already did so much loss, its very obvious that with recovery mind set we cannot control over our emotions and left with wrong decision and then loss gets bigger.)
- Being nervous and leave trade on market. (Once your trade get in loss we leave our trade and allow it to get zero and if we could take our stop loss, at least remained capital can be used to make stop loss for next trade.)
- Hope of Reversal. (Hardly works, it has no value at all)
- Against trend. (1-2 times can be win but in long run loss is guaranteed)
- Predetermined mind set up after watching news or thinking own. (See what is there on chart not what you think)
- Overtrading. (It cannot help since mind gets tired and eventually end with loss at the end of the day even though you may be in profit whole day)
- Entry @ every retrenchment thinking market would reverse from here. (Retrenchment is for entry as per trend not thinking that market trend is reversed)