4 tips to make trading less stressful RIGHT AWAY

2 มิ.ย. 2023

1. Reduce position size

The biggest stressor for traders is losing money.

If you're worried about how much you could potentially lose then using smaller position sizes can help you stay level headed

Even the best traders don't have a 100% hit rate. Losses will happen

2. Find high quality set ups

If nothing jumps out at you the first 10 seconds you look at a chart then there's likely nothing there

Rather than force it, map out and/or set some alerts at key areas and come back to it later

Search for another chart that's more clear

3. Stop phone trading when you're busy with other things

When you're out with friends/family, at a wedding or in the middle of something is not a good time to be trading

Trading is hard enough already. Don't handicap yourself by only being 30% focused

Bad things will happen

4. Reduce your leverage

High leverage causes losses to happen fast & liquidations even faster

ESPECIALLY ON ALTCOINS

100x liqs on alts are only a 0.75% move which can happen rapidly

Trading isn't gambling

Reduce leverage + widen stops to reduce likelihood of stop outs