Just Dont Trade at This Specific Time! Pt. 2

Why is a Win a Crucial Time to Tride？

Your brain seems to have a mind of its own as it prevents that high feeling from going low. The dopamine rushes in your brain.

The act of entering a trade that has previously made you money will release more dopamine in your brain. This could lead to losing streaks and account depletion.

Whether you win or lose, the brain will get what it wants – a high dose of dopamine. And you need to be aware of this.

Dopamine is not really bad. But its like a double-edged sword; it can either be your friend or your enemy. It can make you adapt to either good habits or bad habits.

Your role here is to adapt only the good ones. After all, you are the master of your body. You must be aware of the internal workings of your brain to know how it actually behaves. This way you can anticipate its actions, be aware when it happens, and be prepared for its outcomes.

Solution

We know now the most dangerous time to trade. We are aware how our brain works and what role it plays on a traders losing streaks. Now is the time to deal with it properly.

Having known how your brain behaves, you must prepare filters to prevent it from behaving badly. You need to be aware when an emotion-fueled or dopamine-fueled trade is occurring. Moreover, take note that you need to build and follow a trading plan so you wont just enter trades because of random whim of confidence.