If you have been trading
nifty future and making consistent profit, and still you feel like taking
one more trade, remember its a case of performance curiosity. This can affect
you negatively in your next trade. This Performance anxiety mostly happens when
you think of every single detail of your trade, its common for beginner traders
and its very common thing. You feel like you will loose a very good trading
opportunity, but has disastrous impact on your performance.
As trader, we are
always bound to have the pressure of making profits and in search of making
profits, many times we neglect the importance of following our trading plan /
trading system or using proper risk management skills and plans. I
have prepared some points, which will help you to overcome performance
curiosity while trading:
1.
Forget those Profitable trade.Forget
your profitable trades quickly, but do write them in your trading journal.
never think that I will 100% make profits, so I can leverage my trading
positions. If you think so you will end up making huge losses. So trading plan
must be in your mind and not the trade. A proper stop loss and you may end up
loosing some money, but still you will be much better condition than you would
have not place stop loss and ended up your trading career on just
single trade.
2. Focus should be on Plan,
not the Profits.Your main focus must be on trading plan and not
on profits you’re making. It will be much easier to meet your goals and track
the performance. Once you end your trading day, you should question yourself
that: Did I do my trades as per my trading plan? Did I adopt risk
manage properly? If your answers are yes to both these questions,
then you are on the right path of trading Nifty future.......
3. When increasing your risk, take
smaller steps.If you have done some
profitable trading, next thought on your mind would be to take bigger
quantities in next trade. This mostly happens when traders gain high confidence
in trading. This over leveraging will teach you unforgettable lessons and you
may give up trading at all, so be careful.
4. Step away from the
screen.Once you close a
profitable trade successfully, avoid trading that day. Get away from your
computer screen and enjoy your day as you have got enough time and money. .
Protect yourself for next trading day, even next day you will see plenty of trading
opportunities.
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