CFD Machine
How to Become a CFD Machine Through CFD Psychology
When it comes to cfd as a trader you will need to execute your cfds trades like a cfd machine, without any emotions, or without being influenced by cfd price movement that the cfd price has moved up so much that you now need to open a buy cfd trade because the up move has really moved some pips.
So to trade like a cfd machine as a trader you need to transform your cfd psychology. To transform your cfd psychology then you will require to write down rules which you will follow in your cfd plan.
The example explained and illustrated below shows how to write the cfd psychology rules
- Trade without Emotions (greed, fear, anticipation, impulse, bias, over-excitement)
- I trade what my eyes see not what I feel.
- I will be patient.
My job is not to be the cfd system!
It is not to decide which trades looks promising.
That is the job of my cfd system. My system has a set of rules which tells me this is what I follow. Do not get caught up in cfd price action and make trading rules as you go along.
MY JOB DESCRIPTION IS
To sit patiently & wait for my system to indicate that it is time to enter or it is time to exit. And then with great focus I execute trade as planned.
Taking trades not indicated by the system, second guessing system & not taking trades given, hesitating & getting in late, anticipating & getting in early are all common place & boil down to lack of faith in system and not having a burning focus on accurate execution.
GOAL: To have 100% undivided focus on mastering my ability to execute my cfd system accurately.
The more you develop the ability to step back from cfd price movement & watch the cfd market dispassionately, waiting for a signal to trade, the easier it will be to witness the fluctuations of your emotions without getting sucked into them allowing them to throw you off your game.
By writing cfd psychology rules like the ones above then as a trader you will begin to follow your cfd system and trade more like a cfd machine would if the system you are cfd with was to be automated.
The more you follow these cfd psychology rules the easier it will become to trade the cfd market without being influenced by the various market movements.
Always make sure that you are opening a cfd trade because the rules of your cfd system have been met and a signal has been generated and not because you have seen the cfd market jump and so now you decide it is time to buy.
By following a cfd system then you will be able to trade more like a cfd machine and follow the rules of your cfd system and your trading will become more profitable.
Changing your cfd psychology will not be easy and that is why as a trader you must constantly make an effort to follow the cfd rules of cfd psychology that you write on your cfd plan until the time you master these rule and you can now trade the cfd market without emotions and trade like a cfd machine.
To learn & know more about cfd psychology read the following cfd psychology tutorial
- CFD Psychology Guide
- CFD Psychology & Emotions Fear and Greed
- CFD Psychology Principles
- Learn CFD Psychology
CFD Psychology for CFD Traders.
