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DESPAIR, ACCOUNT KILLER; TRADING CAREER ENDER Part 7 😭 Video

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Trading with More Discipline Part 7; Despair - Account Killer, Trading Career Ender http://www.financial-spread-betting.com/Discipline-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE OK.

Despair - ACCOUNT KILLER, CAREER ENDER
Trading with More Discipline and Better Emotional Control Series. DESPAIR, ACCOUNT KILLER is PART 7 in the series, check the description in this video for links to the other videos in this series. When we break out discipline it is normally as a result of poor emotional control. It is because we are trading from an emotional perspective and not from a calm, clear perspective. The idea is not to stifle our emotions but to recognise when emotions are about to take control of our decision-making process.

We talked about fear, joy, frustration and anger and now we'll going to cover the despair mode which can be an account killer.

Potential Trigger - several loses in a row, several bad trades in a row, 1 large loss, a string of losses, poor performance, loss of confidence. You've been losing consistently for quite sometime, maybe a large loss has decimated your account

Recognising
Physical clues - serious anger or frustration, sadness, head down.
Mental clues - order entry size increasing, not thinking of setups, constantly looking at the profits and losses/account balance, several trades in a row, very negative thoughts

Eliminating
Usually the final stage after several feeling of trigger emotions.
Absolutely crucial you stop yourself reaching this.
When recognising, take a several day break to regain perspective on things.

Related Videos
Trading with More Discipline and Better Emotional Control Series
Trading with Discipline and Better Emotional Control; Part 1
https://www.youtube.com/watch?v=Sg9xEEN6KHQ
Trading with More Discipline: Develop a Trading Plan; Part 2 ✊
https://www.youtube.com/watch?v=ElAEB_sz4Ds
Trading with More Discipline: Emotional Assessment; Part 3 ✊
https://www.youtube.com/watch?v=-2KHvnUzwOM
Trading with More Discipline: Frustration/Anger; Part 4 😠
https://www.youtube.com/watch?v=-WF-59CRQIE
Trading with More Discipline; Fear/Panic Part 5 😒
https://www.youtube.com/watch?v=iCG2sSWImEs
Trading with More Discipline: Joy/Euphoria; Part 6 πŸ˜„
https://www.youtube.com/watch?v=ZXMWHWNvkdU
DESPAIR, ACCOUNT KILLER; TRADING CAREER ENDER - Trading with More Discipline Part 7 😭
https://www.youtube.com/watch?v=V9vFUogwybI
Trading with Better Discipline and More Emotional Control: Summary; Part 8
https://www.youtube.com/watch?v=2JlnoX3bELk

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