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Tradingview chart ! feel free to press like or leave your feedback we appreciate that, thanks for your support guys ❤️🙏 #Some Trading Barriers You Should Know About!! #1.Undefined : Loss #2. Hesitation #3. Stubborn Beliefs #4. Suicide Trading #5. Euphoric…

6. Missing Breakouts.
This one is not about getting into a trade well after it has begun its move. Rather, it is about failing to get into the trade at all. You watch price move from the sidelines.
I did that with XRP. I correctly identified a head-and-shoulder bottom and added it to my watch list when it was trading at about $0.25. Then I sat back and waited and waited and waited. Meanwhile, the coin climbed and climbed and climbed. And each day that it climbed, I kept chanting, "I should have gotten in. I should have gotten in."
The coin hit 75. more than 100% right now!!

7. Losing Focus.
When I started day trading, the light shining through the window always caused me problems. It was a distraction, just as my dog barking or the phone ringing.
When you are in a trade, keep the focus.

8. Being Right or Making Money?
There are a few traders I know that advocate scaling out (selling part of a position) on the first trade of the day so as to book a profit. They want a win behind them to set the tone for the day. But if you were to rephrase their style and ask them, "Which is more important, winning or making money?" They will answer "Making money," and yet that's not how they begin their day trading. They sell part of a winning position (increasing the win/loss ratio) instead of making more money by selling later.
They have a valid point, that of a psychological need to set a winning tone for the day, but I'll take the money.
If you scale out of a trade, check your numbers. Would you have done better if you sold the entire position at once or in pieces? A clue to the answer, at least for me, occurred during losing trades. If I sold the entire position, I kept more of my money than selling half and hoping I could recover if the price bounced. I found that by scaling out, I sold at even lower prices, compounding my loss.
Now, if I have a losing trade and want out, I sell my entire position at once. For winning positions, I almost always sell my entire position also at once. The only time that is not true is to reduce the position size to rebalance the portfolio.

9. Inconsistency.
If you obey your trading signals some of the time and not others, then why are you trading using that system? You can't tell ahead of time which trade will be a winner and which one won't. Thus, you have to obey every trading signal that a system gives you. If you can't do that, then find a system in which you can.
Trading Barrier

10. Missing Money Management
The big one here is using stops on every trade, but it also includes the proper position sizing I do better and feel more comfortable trading.
Money management is all about the preservation of capital, of keeping those losses small and your profits larger. If you can do that, then you can probably make it in this business.

11. Dollar Dependence
I added this one because it's a bad problem with an easy cure. What's the problem? You focus on the money. How many times have you said, "The loss is too big to sell!" How many times have you looked at your profits and decided to get out? I did that just the other day after a 80% gain in INJ in 3 days. Turns out I sold the day price peaked, but the stock could have continued to drive higher.
I do not matter at what price you bought a stock. What matters is when you sell. Forget about profits and losses and concentrate on how well you are obeying your trading rules. You compound your stress when you look at the bottom line each day or after each trade. Instead, concentrate on whether or not now is the time to sell. If you can do that, then your stress level will drop and the profits will take care of themselves.
It sounds easy and it is, but one trader I know just can't accept it. He keeps chanting, "All I have to do is make a nickel on each trade." He is so focused on making money that he may never make it as a trader.

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Good luck to all.
🙏we ask Allah reconcile and repay🙏

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11 Trading Barriers

Article discusses 11 psychological barriers to successful trading in the stock market. Written by internationally known author and trader Thomas Bulkowski.

2.98K viewsHamada Mark, 13:46