Psychological pressure of the deposit amount
Good afternoon to all!
I am trading lately with following scheme: deposit 200-300$, earn 50-100$ a day with lots 0.1-0.2 and withdraw 50-100$ at the end of the day.
I tried it earlier with deposit of $1000-2000. There is very strong pressure on this amount. I cannot psychologically watch how the price approaches the stop of, say, 300 points at 1 - 3 lots.
And in the near future I plan to trade with a deposit much larger than the last one.
Do any of you have such symptoms? How do you cope with them?
I think I may abort the standard terminal window and write a counterpart that will underestimate all figures by 10-30 times. Or may I want to show losses not in sums but in %, say, or in points?
Or maybe read some psychological books? Or enroll in yoga? :-))))
the solution is this... books/people/seminars will not help... gradually build up the deposit... not abruptly... i went through this... i had it even worse... build it up to the size you are not afraid to lose and work, then build it up again etc... half a year will pass
You should have read the books. As for the symptoms, they are classic for any more or less successful real-time trader. For your current stage of development as a trader, there is no one-size-fits-all solution and you should continue to do so until your intuition tells you the next stage. The only thing I can say unequivocally - there is no need to "fight". You have to fight with yourself and that will only confuse you and aggravate your current fears, losses, etc. You will go in a vicious circle. When you stop fighting and understand that you can't win without losses and vice versa, everything will be fine. And one more thing. Put points instead of profits in the terminal and do not switch to a higher deposit. You have not done it yet. And about the stops. Is 300 pips a five-digit stop or the normal 300 pips? If it is the former then it is not enough for practically any pair, if it is the latter then it is death for the stated depo.
I put points in the terminal, but the total amount is still in $$$$ :-)))))
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Good afternoon to all!
I am trading lately with following scheme: deposit 200-300$, earn 50-100$ a day with lots 0.1-0.2 and withdraw 50-100$ at the end of the day.
I tried it earlier with deposit of $1000-2000. There is very strong pressure on this amount. I cannot psychologically watch how the price approaches the stop of, say, 300 points at 1 - 3 lots.
And in the near future I plan to trade with a deposit much larger than the last one.
Do any of you have such symptoms? How do you cope with them?
I think I may abolish standard terminal window and write a counterpart that will underestimate all figures by 10-30 times. Or may I want to show losses not in sums but in %, say, or in points?
Or maybe read some psychological books? Or enroll in yoga? :-))))