Continue reading...Trading is a stressful business, none of us would deny this. This article looks at ways of reducing stress levels to ultimately make us more relaxed and profitable traders.
The Health & Safety Executive defines stress as ?The adverse reaction people have to excessive pressure or other types of demand placed on them?.
Trading is precisely the kind of profession that provides plenty of ?the excessive pressure? that causes stress. And unless managed properly, stress can have an extremely negative effect on your ability to trade effectively.
Stress can make you excitable, anxious, jumpy and irritable ? not exactly the ideal attributes conducive to profitable trading. Stress can interfere with your ability to formulate judgments and makes you more accident-prone and less able to make good decisions.
Proper management of stress can significantly help with many of the classic mistakes in trading such as letting losses run, cutting profits too early, being too fearful to take a trade...
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