Crab Trader's Practical FX Classroom | Lesson 3 What to do when your spirit breaks

Kani Trader Profile

Kani Trader. Achieved 3,000,000 yen to 10,000,000 yen by publicly trading every day during YouTube Live streams. In 2019, also doing live commentary with face visible every day from 22:45. The themes are to help viewers win and to maintain a healthy FX channel.

Twitter：https://twitter.com/keibakinma

※This article is a reproduction/editing of an article from FX攻略.com February 2021 issue. Please note that the market information described in the text may differ from the current market.

This Month's Lecture Content

▶ There are times when trading with FX breaks anyone's spirit. It is important not to become desperate

▶ Waiting while doing what you love, re-challenging with a small amount, looking for improvements—tips to keep your mind steady

▶ How you feel about demo trading can allow current state analysis

Just Avoid Revenge Trading

Have you ever had your heart broken in FX? I have three times. When you continue to lose during a period when you're not yet solid in your method, you feel anxious, entries become scary, and you lose confidence. This month’s theme is "Moments When Your Heart Breaks."

First, the most important thing when that happens is "do not become desperate." Desperation leads to nothing good, as summarized below. Destruction of computers or furniture, deterioration of relationships with friends and family, and of course, chasing revenge trading at worst.

Since ancient times, revenge trading based on the emotion of "I want to recover right now" almost always fails. When recovering becomes the goal, trading rules are ignored.