SWING TRADING GUIDE
Trust. Honesty. Experience.
THE DILEMMA OF TRADING THE FINANCIAL MARKETS
Trading the markets can be a daunting task. First, you need an edge, you must have a trading method with positive expectancy, this is crucial. This method must be consistent with your own personality and confort level. The approach you use must make you feel comfortable.
Then comes the problem of emotions. All human emotions play a huge roll in the final outcome of this business endeavor. Greed and fear are powerful enemies not easy to control when there is real money involved. News, colleague’s comments, TV experts and even family members can supply an additional doses of adrenaline that can make you to take wrong trading decisions. After a series of bad trades and some money lost then you become ill, and this illness is call “Fear of Losing”, what happen next?, you are afraid of pulling the trigger to make a new trade again.
How to avoid all those emotions to trade successfully by yourself? It is impossible or very hard to detach a human being from emotions when trading with real money. What you can do is to control or minimize those emotions. The answer to this dilemma is to learn how to control “RISK”.
Once you learn how to manage risk you will enter in a state of mind that will control emotions and will let you to take trading decisions with the best odds of becoming profitable. After a while you learn that losing is part of the game and when loses are in control then “fear” of losing disappear from your mind and you will begin to trade successfully.
The other option is to have a trading algorithm to do it all, you will need a lot of research before putting your money at risk with an algorithm made by another trader, company, hedge fund, bank, etc. This is your call.
If you are interested to trade the financial markets or to learn more about it before risking any capital, please drop me a note and I will be glad to help you with any questions you might have in order to save you a lot of money and time!
Humberto Malaspina provides education services to learn how to swing trade the financial markets