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لا تقدم سنشري للاستشارات والتحليل المالي ش.ذ.م.م (سنشري) خدمات استشارية استثمارية أو خدمات إدارة المحافظ ولا تضمن العوائد الاستثمارية. كما أننا لا نقبل ولا ندفع بعملة مشفرة أو عملة رقمية. موقعنا الإلكتروني الرسمي هو www.century.ae. احذر من الشركات المحتالة أو المواقع الإلكترونية التي تتظاهر بأنها شركة سنشري. لسنا مسؤولين عن أي خسائر تنجم عن استخدام مواقع إلكترونية أو كيانات مزيفة. ينطوي التداول في الأسواق المالية على مخاطر خسارة كبيرة قد تفوق الودائع وربما لا يناسب جميع المستثمرين. قبل أن تبدأ، يُرجى التأكد من فهمك التام للمخاطر ذات الصلة.
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Tuesday, August 09, 2022

A case for #DisciplinedTrading

تم إعداد هذا المنشور من قبل سنشري للاستشارات

A case for #DisciplinedTrading

Discipline in daily life helps us stay focused on reaching our goals practically while sticking to the relevant rules. This allows us to overcome obstacles pushing us to newer heights.

Similarly, imbibing discipline in trading means that traders stick to well-known rules and maintain a practical approach towards achieving their financial goals objective.

Developing disciplined trading with objectivity calls for mastering the art of managing powerful emotions such as fear and greed. Fear Of Missing Out (FOMO) in trading is an important part of trading psychology, but sometimes Joy Of Missing Out (JOMO) is a better emotion to have than FOMO.

However, it is easier said than done! Discipline in trading must come from within. The trader must have the willpower to stay firm on the decided plan and follow the trading strategy religiously.

Reckless Trading VS Disciplined Trading

Reckless Trader Disciplined Trader

Approach

 Has a casual approach towards trading, thinking it is easy and every order would lead to profits Considers trading seriously and sets realistic goals
Avoids following a systematic strategy or a planned approach Trades methodically and follows the plan consistently

Research

 Whimsically places orders based on random tips/advice/recommendations without any due diligence Makes informed decisions backed by research and sufficient trading practice on demo accounts

Risk Consideration

 Does not implement risk management tools to protect the portfolio Is mindful of the risks at hand and adopts risk management tools to protect the investment portfolio

Realistic

 Tends to overtrade, which could result in heightened losses Is aware of the law of averages and does not panic when trades go otherwise. The disciplined trader understands that not all orders would result in returns

Consistent Learning

 Does not upskill and remains unaware of advanced tools, new strategies required to stay ahead of the curve Understands the importance of new trading strategies and keeps upskilling to stay aware of the current circumstances

Emotional Quotient

 Panics with every order placed and obsessively watches his holdings Has a better hold on emotions as the trader understands the influence emotions like fear and anxiety have on trading
Trades with anxiety and tends to stay clueless of what’s going on Is watchful of the orders placed but does not obsess over it

Patience

 As the trader is on the whims of market movements, high chances the trader might incur losses higher than the amount the trader can afford to lose Understands that with patience, experience and consistency comes success

You are the best judge. Which category do you fit in?
To learn more, speak to us today

The market throws a tantrum.

#InformedTrading with Century Financial

Century Financial has been at the forefront of financial investment in the region for more than three decades and has a profound understanding of the mindset of investors, making it the pioneer of the global financial markets investments. Century has always emphasized the idea that knowledgeable investors often make better judgments.

New opportunities and new developments are everywhere in the world of investing. In order to seize these possibilities, you must be quick and flexible.

With our in-depth market research, round-the-clock alerts, wide array of investment alternatives, and the world’s best trading platform, Century Financial keeps you one step ahead of the competition.

So that when it comes to making the most of financial opportunities, you have the knowledge to make the right call and the confidence to go through with it too.

#Youareindependentbutneveralone. #InformedTrading

Century Financial Consultancy LLC (CFC) is duly licensed and regulated by the Securities and Commodities Authority of UAE (SCA) under license numbers 2020000028, 2020000081, and 301044 to practice the activities of Trading broker in the international markets, Trading broker of the Over-The-Counter (OTC) derivatives and currencies in the spot market, Introduction, Financial Consultation and Financial Analysis, and Promotion. CFC is a Limited Liability Company incorporated under the laws of the UAE and registered with the Department of Economic Development of Dubai (registration number 768189).

CFC may provide research reports, analysis, opinions, forecasts, or information (collectively referred to as Information) through CFC’s Websites, or third-party websites, or in any of its newsletters, marketing materials, social media, individual and company e-mails, print and digital media, WhatsApp, SMS or other messaging services, letters, and presentations, individual conversations, lectures (including seminars/webinars) or in any other form of verbal or written communication (collectively referred to as Publications).

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