Newbie's Corner - Great Expectations
Trading is a job where we need to take decisions by our own during trading time. A newbie trader expects himself to be a profitable trader in a short duration. Like all profession, trading needs experience to succeed in it. Once a newbie understand this, he wont have great expectations about himself and it will reduce the stress which is created with the expectation to be profitable in each and every trade.
Another great expectation we have is towards other traders. If we have a trader as a friend, we expect them to share their analysis, methods with us and guide us in trading. Reality is since trading needs to maintain our own emotions, only we can do that and others can not help in it. And also since trading is an independent work, there is no point in depending on others. Great expectations towards oneself & others wont help in trading. Develop the mindset to accept the outcome of the trade. It makes trading more easier.
Another great expectation we have is towards other traders. If we have a trader as a friend, we expect them to share their analysis, methods with us and guide us in trading. Reality is since trading needs to maintain our own emotions, only we can do that and others can not help in it. And also since trading is an independent work, there is no point in depending on others. Great expectations towards oneself & others wont help in trading. Develop the mindset to accept the outcome of the trade. It makes trading more easier.
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