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Panic when trading. [ Ссылка ] PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! We know that panic drives markets but we don't want emotions to rule our trading. In this video we talk about panic. There is an emotional trigger inside you that has made you fearful and wanting to close your position or entering a trade due to fear of missing out with no regard to the current price. Redoing.
Let's suppose you've taken a long position with a standard stop loss. Our stop gets triggered but for some reason our position hasn't been stopped. So we've uncomfortable but we're not panicking yet. The correct thing to do is to exit your trade manually and move on but some don't do that. The trade continues losing money and our loss has doubled and we get increasingly worried. When the stop increases to multiple times our original stop loss level panic starts setting in. We are in a situation we don't want to be in because we didn't have a risk management system in place. You can avoid all this by managing your risk. You don't let yourself trade from an emotional perspective because as soon as you do you give up full control of your trading.
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