123 Quick Learn Trading Tips - Tip #6 - Defensive or Aggressive?123 Quick Learn Trading Tips - Tip #6 - Defensive or Aggressive?
To make money in trading, you need to control your emotions.
Traders often fall into two emotional traps:
Overly Aggressive: After several wins , a trader may become too confident. They might increase their position sizes or take on riskier trades. This can lead to significant losses if the market turns.
Overly Defensive: After several losses , a trader may become too fearful. They might hesitate to enter good trades or exit trades too early. This can lead to missed profit opportunities.
Maintaining a balance between these states is key. Learn to recognize and control your emotions. Discipline and a calm mind are essential for successful trading.
In trading, you must simultaneously be
defensive and aggressive.
Balance is Key ⚖️
Navid Jafarian
Every tip is a step towards becoming a more disciplined trader. Look forward to the next one! 🌟