Trading Psychology Hacks for Overcoming Anxiety/Emotions
Psychological Hack 1:
Lower your lot size to a level that you can still fall asleep with the trade open. If what you are risking is weighing heavily on your mind, then you can't handle the weight of the risk. Reduce your lot size to a level that is comfortable for you.
Psychological Hack 2:
Mentally anchor your risk amount to a normal activity. What I mean is that if the total risk for a trade is for example $50, think about things that cost you $50 in your daily life that have no possibility of returning a profit such as going out to dinner, buying a pair of pants, putting gas in car, etc. If you're okay with not getting a return on investment with these purchases or expenses, it can put risking the same amount in a trade into a more emotionally acceptable context.
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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.
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