Pride is another
sin that must not be committed all the time when trading. Traders need to
exonerate themselves from their trading. They should not be proud when they win
handsomely and should neither blame themselves when they lose gallantly.
Traders’ values are not based on their performance records at certain time.
Rather, their performance should be tied to the IQ options of the system they are using to trade. So, every
performance record at any time should be based on the system in use and not
personal.
Impatience is
another sin that many traders especially, those who are just coming onboard
used to make. You should be patient enough to see your entry signal before you
place your trade. If your IQOptions
system has not told you to enter, you should not take a click. If it is only
two out of three signals you need to see before taking entry, you should not
start the trade. There is need to make more profits in your trade by entering
at the right time rather than being impatient and enter when the trend is about
to run its course.
Greed is another
sin to avoid. You do not have to chase a trade when the trend is already
getting to an end. You should ensure you take your profit as soon as you have
seen the trend run its full course and not later. Do not allow the trade you
enter that is winning to run into a loss. You will blame yourself for being
greedy if you lose a trade you were winning before.
You should not
feel angry and get mad at yourself simply because you have made a wrong move. IQ option advice is that you should
learn from your mistake and try to move on. The market is always there and it
is you that need to learn to be able to have edge all the time.
Click here know more about IQ option
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