Maybe you have listened to some suggestions that you should smile when trading. And maybe some of you protest and ask what the connection is. Is it true if we trade while smiling directly to get a lot of profit? Well, indeed the effect is not that big.
According to Psychology Today, a simple act of smiling can transform you and the world around you
Then what is the effect of a smile when trading?
Have you ever heard the theory of “what we think and what we feel will attract anything.”
If our thoughts and feelings are positive, it will attract positive things. Conversely, if our thoughts and feelings are negative, it will attract negative things as well. Actually, maybe you have experienced some evidence from the theory.
For example, maybe you have had a “bad day” that begins with something bad that happens in the morning, which ultimately affects your mood all day. So what you experience all day also tends to be bad. Actually, your bad day is not a coincidence. Your bad psychological condition is what attracts these bad events or days.
Actually, the easiest way to keep a positive psychological state is to smile. Do you not believe that? Try smiling, automatic psychological conditions will carry over positively.
If you’ve been trading with a positive mood, but how come you’re still losing money? At least you are calm in the face of times that you consider unpleasant. So, whatever your actions to deal with when you will do it calmly and not carried away by panic or bad mood.
Decisions that bring the best results are decisions taken in a calm state aka positive mood. Isn’t trading really a set of decision processes? Starting from the decision to choose a pair, the decision to choose indicators, the decision to take buy/sell positions, the decision to use margin, and others. That is why trading is very influenced by psychological aspects. In fact, some say if trading is 10% technical, 90% psychology.
Are you in a bad mood?
Immediately close your trading platform and do the mood switching first. Play a cheerful song, think of pleasant things.
Read more: Treat Your Trading Like a Business