Alpha Circle Nsukka | Charts, Psychology & Market Discussions - Page 109

Fear, greed, frustration, and overconfidence can all lead to poor decisions. Disciplined traders stick to their trading plan whether they're winning or losing, rather than making impulsive trades based on emotion.

Should a trader keep sticking to a plan that has given him more losses than profits since he started?

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@yokoyi - 1 month ago

Quoted - frankie__1030

Should a trader keep sticking to a plan that has given him more losses than profits since he started?

NO! because it means it is a bs plan. Most people just learn one strategy and want to stick with it for life as if it is marriage. If the strategy isn't working you ditch it but sometimes their ego is too big to admit they have a bad strategy so they stick to it

@frankie__1030

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@mitchei_1 - 1 month ago

Quoted - tony_phil

Random person passing through 🌚

I see what u did there

I know the kind of man u are😂💔

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@mitchei_1 - 1 month ago

Quoted - frankie__1030

Should a trader keep sticking to a plan that has given him more losses than profits since he started?

If u really studied and checked the reasons for those losses u won't be losing that much

Except the plan or strategy isn't valid to begin with

Changing strategies or using multiples isn't bad either

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@promisefx - 1 month ago

Quoted - investorgeo

Just going.

Didn't take any trades this week.
We go again next week

Omor patience is a virtue

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@promisefx - 1 month ago

Quoted - frankie__1030

Should a trader keep sticking to a plan that has given him more losses than profits since he started?

Nah

One should only stick to a plan that has be proven successful in the past

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@promisefx - 1 month ago

Quoted - mitchei_1

If u really studied and checked the reasons for those losses u won't be losing that much

Except the plan or strategy isn't valid to begin with

Changing strategies or using multiples isn't bad either

It's bad oo Hmm

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@mitchei_1 - 1 month ago

Quoted - promisefx

Nah

One should only stick to a plan that has be proven successful in the past

Yhhh

In context 60-80% successful

Losses are inevitable and single or few of it shouldn't chase u away or make u ditch the plan

Learning from them comes first

The market isn't our chess board

At least not yet😌

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@mitchei_1 - 1 month ago

Alright guys

See u later today at the UNN stadium for the workout 🏋️🏃🎧

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@frankie__1030 - 1 month ago

Quoted - yokoyi

NO! because it means it is a bs plan. Most people just learn one strategy and want to stick with it for life as if it is marriage. If the strategy isn't working you ditch it but sometimes their ego is too big to admit they have a bad strategy so they stick to it

hmmm, Alright then. Thank you 🙏

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@frankie__1030 - 1 month ago

Quoted - mitchei_1

If u really studied and checked the reasons for those losses u won't be losing that much

Except the plan or strategy isn't valid to begin with

Changing strategies or using multiples isn't bad either

hmmm, Alright. Thanks.

For me though, I really think that multiple strategies may be harmful to inexperienced traders or traders that hasn't reached a certain level of discipline yet, because in some cases you find yourself second-guessing or being confused on which strategy to use. Especially after a loss, or when the market is bad.

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@durasel_empire01 - 1 month ago

Thanks

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@durasel_empire01 - 1 month ago

Quoted - marvelous_treasure

For the crypto traders on this thread...

Do you think this clarity act news is helping trump cash out in the background?

Are there financial biases to the US- Iran war? Like they're holding out for financial benefits?

Trump involved market is unpredictable as fuck

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@durasel_empire01 - 1 month ago

Quoted - asuquokelvin

That's a double trading pattern selling from top and buying from bottom, but here is my simple plan on EURUSD, using the fib tool I want EU to sell down to the 23.6 level before resuming the buys for the next week

Nice idolo

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