Stop trading demo, I tell you why.
Those traders who argue that you should practice with virtual money until you see that you win, ignore the most important aspect, and I repeat, most important of trading, which is the mental.
There is no use for you to earn fake money if then you get so nervous when you risk your money that you end up losing it.
There is a click, a change at the subconscious level that makes the person who operates in a demo account and the person who operates in a real account, to be different people.
As you learn, you should familiarize yourself with the sensations surrounding trading. The fear of losing and the greed to win more will make you stop following the rules and end up self-sabotaging. The biggest enemy in the market is yourself.
The path of the winning trader is not based only on having an acceptable strategy. It goes much further and transcends those superficial aspects.
I'm going to give you a very simple example: imagine that you want to master the skill of public speaking because you have a presentation in two months in a pavilion of 50,000 people, and you get a course to learn to express yourself in public.
However, you decide to put this knowledge into practice with puppets or stuffed animals, rather than real people, and you keep practicing until your intonation and gestures seem perfect. You have the feeling that you are going to make an extraordinary presentation.
The months pass and the day arrives. Since you have woken up that morning, you are nervous. In fact, you haven't slept all night, you can't stop thinking about those 100,000 eyes looking at every millimeter of your body. What are they thinking? How will they judge you? However you remember that you have taken a course, and that reassures you.
The day passes and we reach the key moment. You are there, backstage remembering your gestures, and you finally walk through the door and onto the stage. Immediately you see that infinite crowd watching you, and in that moment your body becomes blocked. Your adrenaline levels in your blood are extreme, you start to sweat, your neocortex is deactivated and the limbic system activates its damn fight or flight system. You have entered a state of panic, and as much as you try to apply the theory that you have practiced in front of the stuffed animals, having real people in front of you you are simply blocked, the words do not come out. You finally gave a bad presentation.
What happened here? That you have not taken into account the psychological aspect. There is no use in mastering the theory if then your mind plays a trick on you and does not let you apply that theory.
The correct way would have been to perform progressive conditioning. That is, having practiced first in front of your family, then in front of your group of friends, then having signed up for a small talk at a school, and so on.
The same goes for trading. Even if you have the same strategy, you will get very different results when you are investing 100 euros than when you are investing 1 million, in the same way that it will be much more difficult to speak in front of a pavilion of strangers than in front of your family.
The difference between the top traders and the current trader is not in their strategy. You will realize that the technical aspect can be reduced to something very simple and simple. The difference between a pro trader and an ordinary one is that the pro trader does not shake his finger when entering the market with 10 million euros and hold the position up to where it has been marked, while the ordinary trader will panic when he sees how Hundreds of thousands of euros move in real time, and you probably won't hold even ten seconds before closing your trade.
Trading is a path of personal conquest, which is the most difficult of all.
There is no use for you to earn fake money if then you get so nervous when you risk your money that you end up losing it.
There is a click, a change at the subconscious level that makes the person who operates in a demo account and the person who operates in a real account, to be different people.
As you learn, you should familiarize yourself with the sensations surrounding trading. The fear of losing and the greed to win more will make you stop following the rules and end up self-sabotaging. The biggest enemy in the market is yourself.
The path of the winning trader is not based only on having an acceptable strategy. It goes much further and transcends those superficial aspects.
I'm going to give you a very simple example: imagine that you want to master the skill of public speaking because you have a presentation in two months in a pavilion of 50,000 people, and you get a course to learn to express yourself in public.
However, you decide to put this knowledge into practice with puppets or stuffed animals, rather than real people, and you keep practicing until your intonation and gestures seem perfect. You have the feeling that you are going to make an extraordinary presentation.
The months pass and the day arrives. Since you have woken up that morning, you are nervous. In fact, you haven't slept all night, you can't stop thinking about those 100,000 eyes looking at every millimeter of your body. What are they thinking? How will they judge you? However you remember that you have taken a course, and that reassures you.
The day passes and we reach the key moment. You are there, backstage remembering your gestures, and you finally walk through the door and onto the stage. Immediately you see that infinite crowd watching you, and in that moment your body becomes blocked. Your adrenaline levels in your blood are extreme, you start to sweat, your neocortex is deactivated and the limbic system activates its damn fight or flight system. You have entered a state of panic, and as much as you try to apply the theory that you have practiced in front of the stuffed animals, having real people in front of you you are simply blocked, the words do not come out. You finally gave a bad presentation.
What happened here? That you have not taken into account the psychological aspect. There is no use in mastering the theory if then your mind plays a trick on you and does not let you apply that theory.
The correct way would have been to perform progressive conditioning. That is, having practiced first in front of your family, then in front of your group of friends, then having signed up for a small talk at a school, and so on.
The same goes for trading. Even if you have the same strategy, you will get very different results when you are investing 100 euros than when you are investing 1 million, in the same way that it will be much more difficult to speak in front of a pavilion of strangers than in front of your family.
The difference between the top traders and the current trader is not in their strategy. You will realize that the technical aspect can be reduced to something very simple and simple. The difference between a pro trader and an ordinary one is that the pro trader does not shake his finger when entering the market with 10 million euros and hold the position up to where it has been marked, while the ordinary trader will panic when he sees how Hundreds of thousands of euros move in real time, and you probably won't hold even ten seconds before closing your trade.
Trading is a path of personal conquest, which is the most difficult of all.
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