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Monday 6 June 2016

False expectations among traders

Having expectations can be very useful for traders. They are tests, that help us to determine the failure or success, they also gives us goals to follow.

On one hand, expectations are great, but we must be careful with them. If they are too high or unrealistic, we'll probably be disappointed. One of the most common expectations that lead to disappointment among traders is that more transactions equals to faster learning process. It is true that more transactions lead to more experience, but that does not mean that we will learn much more quickly if we make more transactions. This is a dangerous attitude and so can only undergo emotional risk.

The key to faster learning process is to concentrate on the quality of your transactions than on quantity. Instead of doing much deals, our priority should be preparing to enter the deal and making reasonable decisions.


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