Hello traders,
it is worth looking at the psychological problem that appears during this tough time and that´s:
"Trade what you see, not what you think"
Many traders forget about their trading plan and try to change the rules to adapt to the current situation.
The problem is, that nobody knows, what will happen tomorrow, in a week or month. Markets sometimes behave "irrationally". Why quotes? Because who decides whether the crisis is over?
If you have backtested the Strategy, have an analysis of it and have not counted on the fundamentals (news...) during the backtest, why do you want to implement them now?
The answer is simple - FEAR!
Forget about it. What gives you the confidence to follow your plan? Analysis, backtest, real trading. You know what to expect from your strategy.
Keep in mind - Who keeps changing course is not going anywhere...
SPY
ES1!
Have good trading,
FINEIGHT team
it is worth looking at the psychological problem that appears during this tough time and that´s:
"Trade what you see, not what you think"
Many traders forget about their trading plan and try to change the rules to adapt to the current situation.
The problem is, that nobody knows, what will happen tomorrow, in a week or month. Markets sometimes behave "irrationally". Why quotes? Because who decides whether the crisis is over?
If you have backtested the Strategy, have an analysis of it and have not counted on the fundamentals (news...) during the backtest, why do you want to implement them now?
The answer is simple - FEAR!
Forget about it. What gives you the confidence to follow your plan? Analysis, backtest, real trading. You know what to expect from your strategy.
Keep in mind - Who keeps changing course is not going anywhere...
SPY
ES1!
Have good trading,
FINEIGHT team