Trading is a stress-free occupation
If you are a stressed trader, you are a bad trader.
Stress come from doubt.
There is no reason to be anxious if your plan is carefully planned.
You have to:
- Examine all the price action possibilities
- Prepare your reactions
- Anticipate the unpredictable: have a plan B!
Price action possibilities
I see a lot of bulltards on twitter. I did stop using it. You shouldn't need to check other people's TA.
Learn charting yourself, this way you won't have to rely on pre-made chart based on things you don't understand: from non-understanding come nervousness.
Always try to see how the price could go up, and how could it go down. Most of the people only do the first one. They end trapped in a bear trend, keeping looking for indications of a bull trend.
Although they may in the end breakeven and go even higher, they should have took the responsibility to sell, and to buy back at a 5 times cheaper price. They lose time & gains.
You must know what you are going to do if price break upward, downward, keep consolidating, etc...
This is according to the risks you are willing to take. Is the situation really risky ?
Put enough money in a stable asset, as wealth storage.
In case of extended downtrend, you won't have to worry about how to pay bills. And you'll have capital to buy at a cheap price.
You can also get yourself a "side-revenue", like mining, writing on Steem 😉, or even do a boring 9-5 job.
With knowledge and experience you should be able to get a stress-free experience of trading. Emotional management is very important, don't be a slave of your emotions! I also advice you again to practice mindfulness, like I've pointed out in this article about intuition.
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