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Embracing Doubt: Understanding The Essential Role Of Uncertainty In Trading Performance Psychology
When you trade futures and options, you may feel as though the weight of the world is on your shoulders. Depending on your buying power, one wrong move could cost you millions of dollars. At the very least, it will cost you something. However, no matter how many trades you make, or the level of success you attain, you will never completely be able to escape feelings of uncertainty.
Uncertainty is a part of trading. There are good bets and bad bets. As a trader, you will always experience some level of doubt associated with every single trade. If you're new to futures and options, you may even doubt that you can make profits at all. However, rather than fighting this doubt, learning how to embrace it can help you eventually control it and use it to your advantage.
Even the most sophisticated traders can feel doubt when they trade, especially when they're trading complex contracts like options and futures. A certain amount of risk is inherent with each trade, and it must be managed, while also managing outside forces like volatility, time and margin requirements.
What experienced traders know that you don't could cost you. The sooner you become comfortable with doubt, understanding that it is a completely normal part of the process, the sooner you'll recognize it for what it is and stick with your original trading plan.
Futures Broker EdgeClear is dedicated to bringing users to their highest trading and investment potential by harnessing the decades of industry experience that its leadership team holds. By combining their technical and practical trading experiences, ...