LIVE BULLION & ENERGY TREND TRADING INNOVATIVE PROFESSIONAL TRADING
"surprise profits" has discovered that most of the traders psychological aspect to chase the price without adopting any professional methods. We designed the professional way of trading by innovative trend trading strategy to get the high accuracy enter and exit points with trend reversal to bag surprise profits with low risk factor in live bullion and energy markets even at the time of Economic Datas, Inventories, retracements and wispaws with strong support and resistance levels.
We alert our clients as and when there is a trend reversal in live market. "surprise profits" invites the attention of our traders to know how to overcome chasing in live markets by reading the article from Trading Psychology.
Courtesy by Trading Psychology: How to Overcome Chasing
Do you have a tendency to chase price? That means, buy high in the hope of selling even higher. Or selling short during a rapid decline without waiting for a pullback.
Be honest. If you are male, you probably engage in this behavior, due to the primitive hunter within you. You see, there's a part of your brain that is still on the Savannah. There, chasing was our basic mode of survival, because animals flee; and spears and arrows are short range weapons.
Chasing made sense 100,000 years ago, but in terms of trading psychology, we often do it at exactly the wrong time.
This is how most traders think:
They first think about the Entry point, at which price should I buy? At which level should I enter? At which point should I get into a trade?
We think: "The market is running away and I don't want to miss out. I know it's against my rules to chase, but my gut is telling me that this is just too good an opportunity to miss. Therefore, I'm going for it!"
Heat of the Moment
In the heat of the moment, this argument seems to make sense, but like other types of passionate urges, it distorts our thinking. The more heat we feel, the dumber we behave and we eventually recognize this in hindsight.
The palpable sense of urgency we feel when the market starts moving quickly comes from dopamine circuits deep in the brain. Dopamine is the brain chemical designed to motivate us to chase and not give up until we score dinner. It is a very quick trigger; dopamine can signal the body to get going in less than 100 milliseconds.
Dopamine stimulates the entire nervous system and might make us feel smarter, but the IQ boost is illusory. Under the influence of dopamine the nerve supply to the forebrain is actually turned down. The dopamine surge distorts our trading psychology. The brain wants us to act first and think later.
When you finally wake up from this trance, you will be surprised and often dismayed at what happened.
When you feel the urge to chase the market to avoid missing out, your "Inner Neanderthal" has taken over your trading like a body-snatcher. One alternative is to find another way to keep him occupied. Sports is a good option. To appease him, and have a less reactive attitude while trading, "surprise profits " philosophy is to stop chasing start trading
But this is how you must think to be a profitable trader.
You have adapt to trading strategy that suits your psychology, assign trade management rules, keep position sizing and money management rules