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HOW TO BALANCE YOUR LIFE AND TRADING
Updated
Hey! When we all started we passed trough some difficulties in trading.
Usually we face this problems during first year of trading. Most of people by the end of year losing all of money and quit trading forever.
Basically this caused by overtrading and having no idea what to do. Like many business in our lives trading require some abilities and technics which you can study and apply to get good results. But when you are novice trade you probably don't even know where to start.
So on the pic you see basic problems and solutions to start from:
PROBLEMS:
- Worried about trades all day and night
This point distracts from important things and giving huge depression in your live.
- Losses affecting personality and mood
When you starting to losing too much, it often hard to get money back, moreover trying to recoup will give even more loss.
- Mindset confusion
Like every depression in our lives it confuses our abilities to think clear.
- Rushing for new trades
Overtrading is common mistake, causing huge losses from impatient traders/investors.
- Trading assets for all of your money
If you ever tried trading for 100% of your money — write me a comment!
This problem causing new traders losing too much, and trading become gambling.
SOLUTION:
- Plan your trades
Focus on the future trades, plan your entries, take profits, stop loss. Like every business it should be planned and if something not working you have to fix it and try again.
- Take small trades
In trading Small is BIG, start with small trades, don't give rush, if you will not be rich till the end of year it is okay. But first learn how to trade and make sure you learned from mistakes and wins.
- Focus on affordable risk
Yeah, just 10% from traders have profits every month, rest of traders struggling somewhere in the middle. To make sure you will be in 10% winners, try to understand your risks before opening new trades.
- Use trading system
Trading system is something which suits your personality, you have to try different strategies and technics before understanding your trading criterias. But once trading system is setup, you will be fine and closing months in solid profits.
- Take breaks in trading
Make sure you have some time for other activities, try to plan your trading time and sometimes on the market is nothing to do, so take a breath and relax. Market won't go away :)
👍I appreciate your likes and comments below this post, lets discuss our problems in trading! 💬
Usually we face this problems during first year of trading. Most of people by the end of year losing all of money and quit trading forever.
Basically this caused by overtrading and having no idea what to do. Like many business in our lives trading require some abilities and technics which you can study and apply to get good results. But when you are novice trade you probably don't even know where to start.
So on the pic you see basic problems and solutions to start from:
PROBLEMS:
- Worried about trades all day and night
This point distracts from important things and giving huge depression in your live.
- Losses affecting personality and mood
When you starting to losing too much, it often hard to get money back, moreover trying to recoup will give even more loss.
- Mindset confusion
Like every depression in our lives it confuses our abilities to think clear.
- Rushing for new trades
Overtrading is common mistake, causing huge losses from impatient traders/investors.
- Trading assets for all of your money
If you ever tried trading for 100% of your money — write me a comment!
This problem causing new traders losing too much, and trading become gambling.
SOLUTION:
- Plan your trades
Focus on the future trades, plan your entries, take profits, stop loss. Like every business it should be planned and if something not working you have to fix it and try again.
- Take small trades
In trading Small is BIG, start with small trades, don't give rush, if you will not be rich till the end of year it is okay. But first learn how to trade and make sure you learned from mistakes and wins.
- Focus on affordable risk
Yeah, just 10% from traders have profits every month, rest of traders struggling somewhere in the middle. To make sure you will be in 10% winners, try to understand your risks before opening new trades.
- Use trading system
Trading system is something which suits your personality, you have to try different strategies and technics before understanding your trading criterias. But once trading system is setup, you will be fine and closing months in solid profits.
- Take breaks in trading
Make sure you have some time for other activities, try to plan your trading time and sometimes on the market is nothing to do, so take a breath and relax. Market won't go away :)
👍I appreciate your likes and comments below this post, lets discuss our problems in trading! 💬
Note
Risk management vs. Time management article
Note
💡 New to trading? Facing common struggles?- I've been there too.
Check out this guide for beginners:
Learn to plan trades, manage risks, and develop a winning mindset.
Let's navigate the trading together! 📈
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📲 Join Our Telegram Trading Community: t.me/+5hlxWmhHaKplN2Rk
🎙️ Daily Live Streams on 🔴 𝗬𝗼𝘂𝗧𝘂𝗯𝗲
🔍 Explore More Resources: linktr.ee/artemcrypto ✅
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