THE FRIDAY DEMON
Traders are most likely to break their rules or go on a losing spiral/tilt on Fridays due to these reasons.
A short THREAD🧵
Traders are most likely to break their rules or go on a losing spiral/tilt on Fridays due to these reasons.
A short THREAD🧵
👉🏽The weekend begins tomorrow and no one wants to go through the pain of carrying a losing trade over till Monday.
Before we dive in for clarity, kindly like and Retweet for others to learn.
Before we dive in for clarity, kindly like and Retweet for others to learn.
Traders would rather revenge-trade or overtrade in order to recover lost trades.
In many cases, if they were on a negative PnL prior to Friday, they would wanna force trades on Friday order to recoup the losses and get to emotional equilibrium.
In many cases, if they were on a negative PnL prior to Friday, they would wanna force trades on Friday order to recoup the losses and get to emotional equilibrium.
👉🏽That dopamine(feel-good) sensation that comes from winning on Fridays is usually needed going into the weekend.
The weekend is seen to be a time to relax from stress.
Seeing blues on your MT5 going into the weekend is usually a source of excitement or joy for many traders.
The weekend is seen to be a time to relax from stress.
Seeing blues on your MT5 going into the weekend is usually a source of excitement or joy for many traders.
SUGGESTED SOLUTIONS
Here are few ways I personally deal with this demon.
👉🏽Practice Mindfulness.
Once you become aware of the time you are about to misbehave, it becomes easy from there.
Meditation is one perfect way to train your mental system for optimum/peak awareness.
Here are few ways I personally deal with this demon.
👉🏽Practice Mindfulness.
Once you become aware of the time you are about to misbehave, it becomes easy from there.
Meditation is one perfect way to train your mental system for optimum/peak awareness.
👉🏽Journalling
-Immediately you start to think thoughts related to breaking your trading plan or rules, start to channel that negative energy to your pen or notepad.
The idea is to see the dumb move you wanna make in advance by writing them down firsthand
-Keep a psychological…
-Immediately you start to think thoughts related to breaking your trading plan or rules, start to channel that negative energy to your pen or notepad.
The idea is to see the dumb move you wanna make in advance by writing them down firsthand
-Keep a psychological…
👉🏽Review and Visualization
Every Friday morning before your trade session, go to your psychological journal and look through all your weaknesses that are associated with this “Friday Demon“.
Mentally rehearse(visualize) how you gonna combat it in advance.
You are good to go💯
Every Friday morning before your trade session, go to your psychological journal and look through all your weaknesses that are associated with this “Friday Demon“.
Mentally rehearse(visualize) how you gonna combat it in advance.
You are good to go💯
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@Timi_ICT @winwithbennie @billionair_code @TradingInTheNow @Fairy_Trades @uncommonkvng @Temidire_right
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