About Every trader needs to ask themselves, why am I trading?

Every trader needs to ask themselves, why am I trading?

I believe sometimes people don’t have a clear objective on why they are trading. There are even some traders who have a false reality and ultimately end up with blown accounts.Once you figure out why you are trading, things become a bit better mentally. I don’t mean why you got into trading or what the long goal is. I mean specifically why are you trading right now, what are you trying to accomplish now.Setting clear expectations and goals is key to controlling your emotions. I see a lot of people trading with money they can’t afford to lose or even expecting a 5x, 10x return monthly.I took a step back after a few blown accounts and focused on learning to trade/understand the market. When I took trades I was no longer interested in if it won or loss, I cared about the reasoning behind why I placed the trade. I started to study that and overtime became a better trader. If you try to learn and profit at the same time, it will be difficult for you. It will specifically be difficult on your emotions.Focus on the learning/developing a trading plan and the rest will fall into place.

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