You may notice that you have fallen into a rut and that your trading has become monotonous. You’ve lost your enthusiasm and drive, and you’re no longer as enthusiastic as you were when you first started trading. It had all become monotonous. You, on the other hand, are in desperate need of an adventure! You want to make a lot of money, have a good time, and like your work. Isn’t trading supposed to be about all of that? We’ll explain why we think “fun” trading is actually harmful in this post, and we’ll give you five strategies to make your trading more mindful and productive.

But first, let’s get to the bottom of the following question: Why do we become bored?

Because our brain is continually functioning and unable to do anything else, it is constantly seeking methods to occupy itself, i.e. you.

This is how we’re wired, which is why we:

Play some songs

Movies to watch

Play video games

We can converse on the phone or send a hilarious text to a pal while we’re doing it. We’ll go to any length to escape boredom and increase our serotonin levels. Yes, it is in our nature to resist boredom and indifference. We become unhappy and depressed when we are bored. But have you ever noticed that all of the best ideas and solutions come to you in moments of alone and peace?

We switch off the music and movies, ask everyone to leave the room, and leave us alone with our thoughts when we need to tackle a complicated, unintelligible problem? It’s all about concentration. Programmers, designers, and musicians all need to be able to concentrate. Traders must also maintain focus:

Three effective methods for focusing on the fundamentals:

All skilled traders believe that you should set aside 5-10 minutes to tune in to trade:

Turn off all the lights and put your phone in quiet mode.

Take a few deep breaths and count 5-10 times inhaling and exhaling.

Reread your trading plan, adjust your trading approach, and consider your expectations and intentions for each instrument you’re about to trade. Have you entered the zone? Now you have the opportunity to hear us out. Let’s talk about why trading may be so dull at times, and why it should be!

Three effective methods for focusing on the fundamentals

All skilled traders believe that you should set aside 5-10 minutes to tune in to trade:

Turn off all the lights and put your phone in quiet mode.

Take a few deep breaths and count 5-10 times inhaling and exhaling.

Reread your trading plan, adjust your trading approach, and consider your expectations and intentions for each instrument you’re about to trade. Have you entered the zone? Now you have the opportunity to hear us out. Let’s talk about why trading may be so dull at times, and why it should be!

Three effective methods for focusing on the fundamentals:

All skilled traders believe that you should set aside 5-10 minutes to tune in to trade:

Turn off all the lights and put your phone in quiet mode.

Take a few deep breaths and count 5-10 times inhaling and exhaling.

Reread your trading plan, adjust your trading approach, and consider your expectations and intentions for each instrument you’re about to trade. Have you entered the zone? Now you have the opportunity to hear us out. Let’s talk about why trading may be so dull at times, and why it should be!

Is it true that you don’t deserve your money?

That is a difficult question to answer. Well, I’ve worked hard for this money, therefore I’m entitled to it. As a result, if I lose money, it indicates I made a mistake.

Yes, our life experience implies that we are correct in our thinking. Trading, on the other hand, may be fairly paradoxical if you think about it. Consider the reality that you can only profit from trading if other people lose money.

So, Bitcoin exceeds $30 000 and continues to rise, but there are no signs for you to enter the market. The price then rises to $35,000. There are still no signs of a market entry. On an hourly time period, BTC surges to $40 000, then slows and enters a sideways range. You become agitated, go over your trading strategy/plan, set alerts, and wait for the market entrance signal:

When trading, if you:

Plan ahead of time

Do not join the market unless you have received a clear indication.

Stick to your trading strategy’s guidelines.

Congratulations! You have worked hard for your money, and you are entitled to it.. And it’s fine if you lose every now and then; that’s just how trading works. You won’t always make money in business; you’ll make errors, learn from them, and get stronger as a result.

Also Read: https://blog.milliva.com/how-many-candlestick-patterns-are-there/

There will be no profit if there is no discipline:

Without discipline and consistency, you won’t be able to grow your business. We’re serious about this. Do you truly believe that Warren Buffett, George Soros, and even Mike Novogratz, the chatty one, follow their plans and tactics while you don’t have to? Maybe that’s why you don’t have a fresh new Bentley in your garage.

To heck with your self-control! Are you certain? Let’s have a look at what Warren Buffet has to say about it: «We don’t need to be smarter than the rest of the group. We need to be more disciplined than everyone else.» (c)

A strategy’s flaws and advantages:

We’re willing to wager you don’t have a complete understanding of your tactics’ strengths and limitations. You’re undoubtedly familiar with some of them, but not all of them, and not in depth. Institutional traders, for example, like taking money from ordinary traders by employing fake breakouts:

Did you know that a false breakout may occur in the following places:

Zones of Support and Resistance

Intraday highs and lows

Any pattern of technical analysis

Zones of consolidation

There are so many options. Furthermore, a broad range of candles may emerge during the fake breakout. All of this must be considered. Not only should you think about and build many variations of your plan, but you should also be able to profit from them.

That’s when the tedious part starts:

Create a trial or sample account.

Complete a few transactions. Avoid any feelings, both happy and negative, that may arise from winning or failing.

Make a note of your findings in your trade diary…

One thing you should take away from this essay is this:

Trading that is profitable is tedious trading:

Trading currency pairings, cryptocurrencies, and stocks is similar to going to work. You sit down at your desk, concentrate on the task at hand, and go to work. Also you learn something new and improve your abilities; you create objectives and evaluate your progress.

All of these tedious tasks will result in big income and trading success for you. Are you prepared to begin?

Also Read: https://blog.milliva.com/know-everything-about-introducing-broker/

visit us on : www.milliva.com