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