Trading_psychology

Once breathing becomes a skill, it can be used like a rheostat for your heart rate. There is a reciprocal relationship between the rate at which you breathe and the rate at which the heart pumps. When breathing with long, deep breaths you produce a mood of calmness where the heart is at rest and the heart rate is slowed down. However if you speed breathing up (or stop breathing), you also speed up the heart rate. As the heart begins to beat harder and faster, an alarm is triggered in the survival brain and it triggers to fight or flight. An emotional hijacking (and a bad trade) is in progress. This, in combination with your cutting off your air supply to the brain, leads the primitive survival brain to overwhelm the thinking brain and become a runaway freight train. This is not conducive to successful trading.

When you start trading, there is stress for fear to lose money. however, we can learn to manage the stress by control our breath. Breathing is a unique hybrid to the brain and body. It is simultaneously autonomic and volitional. Due to its autonomic character, you are able to breathe without thinking about it. When you go to sleep, your breathing will go on about its business without your slightest concern. Due to its volitional nature, you can manage how you breathe when in an awakened state. It is this aspect, managing how you breathe, that is vital to emotional regulation.

there is no casino. it is actually a probability game for trading

100% agreed. the indictors can only be used to help make decision. nothing is 100%. No one can make money rely only on indicators. psychology contribute 80%+

overtrading also make your wining rate lower and make you at disadvantages from the probability perspective. so from long run, over trading will make you reach a negative expectation on trading results.

US CPI 3.7.. lol I'm a little doubt on the data. 😂

CPI of US hit 3.7, higher than expected. i guess US has the "excuse" to increase rate. 😂 will BOE follow?

Trading is just a Game. Maths game you need trade with perspective of statistics and probability the eBook is not specific for binary trading. It is on general trading psychology. When you can manage your psychology, you can profit in any market with any popular strategy you are good at. Wish you succeed.

usd/shekel would advise you trade the popular one like eur/usd; usd/jpy pairs.

CPI is still very high. BOE may keep increasing the rate. alternatively, the GBP also need higher rate to support its value.

I think this is possible from technology perspective. but I'm concern on its reliability. so i will skip it in live trading.

This is rare but is not abnormal. the data has direct impact and also future concerns. the overall impact is determined by the market participants. so, the same data can produce very different (up/down) views on the specific pair. now GBP/USD another reason: the market is not always rational. just follow the trend and accept what happening on market is the objective approach. you may find the answer in the following video.