Are You Trading Too Much?

Trading can change your financial situation. So you feel the more you trade the more money you will make. When you take entry into the market, you put money there. You can make a profit and at the same time, you can lose your money.

Doing too much trade increases the chances of losing money as well. You need to decide what is too much for you. You are consistently checking out the chart and feeling stressed. You are busy all day doing trading does not mean you are doing better.

You definitely have a trading journal where you record everything. In case you don't maintain a trading journal, you will get lost easily. As a trader, keeping a trading journal is a must. Your journal will show you the complete picture. You can see when you take an entry, quality, the strategy you follow to take the entry, stop loss, take profit, mistakes, and learnings from a trade, and so on.

So are you making a profit or losing money? As a beginner, you usually take multiple entries and do too much trade, but you don't make that much money or lose your money. So what's your goal in trading?

Getting busy in trading is not your goal, your goal is to make money from trading. Maybe you don't follow the trading strategy properly. You take an entry without getting confirmation or you don't wait for the market to come to the specific setup that you are supposed to trade.

Having patience is the key. Sometimes you do not need to do anything because you don't see a significant movement in the market to take the entry. Or, the market changes its trend and goes down. Take your time, see the market as it is, and then make your move.

We all make mistakes and it takes time to get better at something. Trading is not an exception. Have patience, learn from your mistakes, and follow your system to do trading.

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