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Showing posts from February, 2021

How can traders reduce their level of performance anxiety? and Month PNL

  Putting this blog with another last month PNL - not been able to trade much but tried to do whenever possible, the Personal Training groups size also got reduced and batches got shut down, but overall being a green month at the net which came with lots of learnings below are some I have put.  I've never seen a trader succeed whose explicit or implicit goal was to not lose. The trader who trades to not lose is like the person who lives to avoid death: both become spiritual hypochondriacs.  How can traders reduce their level of performance anxiety? Here are a few strategies that I have found to be effective : Focus on process goals when thinking about trading, rather than profits/losses – Traders like to set goals for themselves, yet often as not, monetary goals end up creating unnecessary pressures. More effective goals are ones that focus on the process of trading, such as limiting losses to two ticks if you’re a scalper or holding trades until a trailing stop is hit. A nice min