Archives for October 2024

One thing is clear to me, that no indulgence of passion destroys the spiritual nature so much as respectable selfishness.
—George MacDonald (Scottish Poet, Novelist)

The trick is growing up without growing old.
—Casey Stengel (American Sportsperson)

We do not know why we are born into the world, but we can try to find out what sort of a world it is—at least in its physical aspects.
—Edwin Hubble (American Astronomer)

God’s gifts put man’s best dreams to shame.
—Elizabeth Barrett Browning (English Poet)

Those that say they despise riches are saints or liars.
—Austin O’Malley (American Aphorist, Ophthalmologist)

We forget all too soon the things we thought we could never forget. We forget the loves and the betrayals alike, forget what we whispered and what we screamed, forget who we were.
—Joan Didion (American Essayist, Novelist, Memoirist)

The person who exalts himself … will be humbled, because a person who considers himself to be good, intelligent, and kind will not even try to become better, smarter, kinder. The humble person will be exalted, because he considers himself bad and will try to become better, kinder, and more reasonable.
—Leo Tolstoy (Russian Novelist)

Never kiss an ugly girl; she will tell everyone.
—Hebrew Proverb

The essence of love is getting out of oneself and into others. When we care less about our feelings, our rights, our happiness, our security, etc., and begin to concern ourselves with the feelings, rights, happiness, and security of others, we will have found the true power of love.
—Leo Buscaglia (American Motivational Speaker)

Many do with opportunities as children do at the seashore; they fill their little hands with sand, and then let the grains fall through, one by one, till all are gone.
—Thomas Jones

Power tends to confuse itself with virtue and a great nation is peculiarly susceptible to the idea that its power is a sign of god’s favor.
—J. William Fulbright (American Politician)

Though reason is not to be relied upon as a guide universally sufficient to direct us what to do, yet it is generally to be relied upon and obeyed when it tells us what we are not to do.
—Robert South (English Theologian)

The essence of a quote is the compression of a mass of thought and observation into a single saying.
—John Morley, 1st Viscount Morley of Blackburn (British Statesman)

Generosity takes many forms—we may give our time, our energy, our material possessions, our love. All are expressions of caring, of compassion, of connection, and of renunciation—the ability to let go.
—Joseph Goldstein (American Buddhist Teacher)

Success seems to be connected with action. Successful men keep moving. They make mistakes, but they don’t quit.
—Conrad Hilton (American Hotelier)

If you want to succeed in the world you must make your own opportunities as you go on. The man who waits for some seventh wave to toss him on dry land will find that the seventh wave is a long time coming. You can commit no greater folly than to sit by the road side until someone comes along and invites you to ride with him to wealth or influence.
—John Bartholomew Gough (American Temperance Orator)

There is an electricity about a friendship relationship. We are both more relaxed and more sensitive, more creative and more reflective, more energetic and more casual, more excited and more serene. It is as though when we come in contact with our friend we enter into a different environment.
—Andrew M. Greeley (American Priest, Author, Sociologist)

Begin to act from your dominion. Declare the truth by telling yourself that there is nothing to be afraid of, that you no longer entertain any images of fear.
—Ernest Holmes (American New Thought Writer)

Jesus wept; Voltaire smiled. From that divine tear and from that human smile is derived the grace of present civilization.
—Victor Hugo (French Novelist)

Gentle and true, simple and kind was she, Noble of mien, with gracious speech to all, And gladsome looks a pearl of womanhood.
—Edwin Arnold (English Poet)

Nothing is more expensive than penuriousness, nothing more anxious than carelessness, and every duty which is bidden to wait returns with seven fresh duties at its back.
—Charles Kingsley (English Clergyman)

The grace of God is a wind which is always blowing.
—Ramakrishna Paramahamsa (Indian Hindu Philosopher)

Fame’s pedestals are revolving; no wonder great celebrities act queerly when invited to come off them.
—Minna Antrim (American Writer, Epigrammist)

A cask of wine works more miracles than a church full of saints.
—Italian Proverb

I’m an idealist. I don’t know where I’m going, but I’m on my way.
—Caroline Schoeder (American Aphorist)

I feel convinced that every man has given him of God much more than he has any idea of, and that he can help on the world’s work more than he knows of. What we want is the single eye that will see what our work is, the humility to accept it, however lowly, the faith to do it for God, the perseverance to go on till death.
—Norman Macleod (Scottish Priest, Social Reformer)

Real poverty is lack of books.
—Colette (French Novelist, Performer)

Unless a man is master of his soul, all other kinds of mastery amount to little.
—Theodore Roosevelt (American Head of State)

There are no signposts in the sky to show a man has passed that way before. There are no channels marked. The flier breaks each second into new uncharted seas.
—Anne Morrow Lindbergh (American Author, Aviator)

One realizes the full importance of time only when there is little of it left. Every man’s greatest capital asset is his unexpired years of productive life.
—Paul W. Litchfield (American Industrialist)

Leaders are people who do the right thing. Managers are people who do things right … a profound difference.
—Warren Bennis (American Management Consultant)

When an individual is kept in a situation of inferiority, the fact is that he does become inferior.
—Simone de Beauvoir (French Philosopher)

A perfect human being: Man in search of his ideal of perfection. Nothing less.
—Pir Vilayat Inayat Khan (British Sufi Mystic)

You cannot go on ‘explaining away’ for ever: you will find that you have explained explanation itself away. You cannot go on ‘seeing through’ things for ever. The whole point of seeing through something is to see something through it.
—C. S. Lewis (Irish-born Author, Scholar)

Hatred is active displeasure, envy passive. We need not wonder that envy turns so soon to hatred.
—Johann Wolfgang von Goethe (German Poet)

Better be wise by the misfortunes of others than by your own.
—Aesop (Greek Fabulist)

If you’ve ever done anything related to cryptocurrency, and especially trading, then you know exactly how stressful rapid fluctuations in the prices of the assets you trade and the risks associated with them can be. That is why, in order for you to maximize your chances of success and become a more profitable trader, it is important for you to first learn how to cope with stress.

Understand how stress manifests itself during trading

Such stress usually includes physical and emotional reactions such as palpitations, rapid breathing, muscle tension, and even a tendency to excessive risk. These reactions can be triggered by emotions such as anxiety, pressure, or fear of unsatisfactory work, financial loss, or disappointment, as well as other feelings.

One of the factors that can increase stress in trading is the complexity of certain trading concepts like pips trading, where small fluctuations in price can lead to significant financial outcomes. A pip is the smallest price movement a currency pair can make, and understanding how to manage trades based on pip movements is crucial. Mismanagement of pip-based strategies can amplify stress, especially for new traders trying to navigate volatile markets.

Knowing how stress manifests itself during your trading sessions, you will be able to quickly and effectively apply stress management methods adapted to your situation and your personality (meditation, breaks, walking, motivation with phrases, etc.).

Set realistic and achievable goals

If your goals are realistic and understandable, then this is good news, which means that trading will not cause you as much stress as it could. The thing is that when the goals are simple and achievable, it is much easier to avoid unrealistic expectations about the results of your trading.

And when your goals, on the contrary, are too ambitious or unattainable, the pressure becomes so strong that it often causes increased anxiety and forces you to take reckless risks to achieve these goals.

Trade based on your trading profile

Each trader has his own trading style and risk tolerance based on his trading knowledge and experience.

Thus, choosing a trading strategy tailored to your profile is an effective approach to managing stress in trading, as it allows you to know that you are making the right decisions. Then it will be easier for you to better manage your emotions (especially during stressful situations).

By taking into account your personality as a trader and aligning your trading style with your trading profile, you optimize your decision-making process and thereby cope with periods of high volatility or uncertainty.

Always follow your trading plan

It is definitely certain that in order to succeed, each trader must have his own clear trading plan that he must follow. After all, if you know your risk management criteria, then stress will not become an obstacle for you.

The thing is that when you stick to your trading plan, you create a clear and predictable basis for your trading, thereby of course reducing uncertainty and associated stress. And of course, this way you become more disciplined, which is an additional advantage.

Keep a trade journal

By regularly writing down in a trading journal what you do and feel during a trading session, you create a useful tool for understanding your reaction to the markets, which can reduce your stress.

This allows you to take a step back and objectively analyze your past decisions. Then it will be easier for you to identify your behavioral and emotional habits, which will allow you to gradually improve, thereby reducing the stress associated with uncertainty.

Thus, a trade journal can be considered as an emotional preparation tool for stress management. By better understanding your reactions and building confidence, you will be able to trade more calmly and argumentatively, reducing stress and improving your results.

Learn to take breaks

If you learn to take breaks during trading, it will greatly reduce the level of tension and negative emotions that you have accumulated during trading sessions. They also allow you to temporarily step away from screens to better control your emotions and avoid making impulsive decisions.

Stress Management for Successful Traders

Traders often face high levels of stress due to the inherent uncertainty of the markets, where quick decisions can make or break their success. By identifying stress triggers and setting realistic goals that align with a personal trading style, traders can significantly lower stress levels and maintain clarity in decision-making.