Are you trading to get out of debt?


Sorry, you'll only get into more debt, quit now!
I'll get straight to the point. You can't be trading with fear.
When you're in debt every loss feels like you're falling behind and every time the market moves against your position you get stressed out, you closed the position before it hits your stop-loss and invalidates the setup. Your brain already register the loss but right as you close the market reverses and go in your favor you then size up or go all in trying to make it back then the market moves against you again and the cycle repeats; before you know it you've already lost so much that even if the trade works out it'll just put you back at breakeven or it becomes a partial recovery trade and if it doesn't work out you blow your account.
That's the power of trading with fear. You know you need to use proper risk management but that's poison to your ears when you need the money. But that's exactly how you get rid of the fear, you need to size down so that the loss doesn't cause major damage or blow your account.
If you're in debt and you understand the above and how fear can set you back and somehow you're able to size down and risk small despite the temptation to size up then you have a chance to succeed but it won't be easy.
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ZENCapital
· 5h ago
yes i have no choice but to do this 🙏
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