Please enable JavaScript.
Coggle requires JavaScript to display documents.
Trading in Zone - Coggle Diagram
Trading in Zone
Mental Analysis
-
-
-
-
-
-
When there a no fear in the mind, possibility of mistakes gets minimized
-
-
- Successful trader never cares about the outcome of individual trade.
- New trader's risk capacity depends on the outcome of his/her recent trades.
Next trade is a random event
It is absolutely possible that sequence of random events become a sequence of losing trades.
When You convince yourself that outcome of every trade is uncertialn, you will be calm during trade and you avoid m
-
-
Trading
Game of Numbers
Pocker players, businessman and athletes have this mindset
Repeating the same step over and again until the goal is reached, this will involve multiple failures
-
I need not to know every next move of market. I just need to find the situations where market mostly moves in predicted manner.
Analyse to find areas of loss and areas of profit in the market. Take less risk in loss prone areas
Every trade is unique. For any two trades to work in similar way, stream of buy orders and stream of sell orders must be exactly same for the same duration which is never possible
if you are Breaking the rules of your trading system, then don't think about long term profitability
-
When you get consecutive profits you are more confident, you start thinking that you had predicted the market, This is start of overconfidence. Market behaved as per your analysis becuase this was a valid scenario.
If you run away from risk you run away from Profitable trades. But risk must be calculated and it must be in your budget.
-
Reduce your availability in the market. Your final goal to test the profitable looking trades and make profit in long run. Its not your job to look at the charts at random times without any agenda.
-
-