If You Are Trading Gold and Silver, Then You Must Avoid These Mind Traps!

Kung nagtitrade ka ng gold at silver ay may dalawang mental traps ka na dapat iwasan.

These mental traps affect a lot of gold and silver traders that often causes unecessary losses or wipeouts.

To drive my point better ay let me use a swimming pool analogy.

Let’s imagine na nasa swimming pool ka. Nasa edge ka ng swimming pool. You started swimming papunta sa kabilang side or edge ng pool. Nung nasa kabilang edge ka na ng pool ay you started swimming again pabalik sa side kung saan ka nanggaling.

Yan lang ang ginagawa mo paulit-ulit.

Your back and forth swimming action or direction ay dinidiktahan ng laki or lawak ng swimming pool. Kapag nasa edge ka na or nasa side ka na ay wala ka na mapupuntahan so you have to swim back.

The pool have edges and they are your boundaries or limits.

You cannot swim past those limits kasi nga limits na sila.

If you trade gold ay prone ka din sa mindset na ganito.

Panay akyat ng GOLD/SILVER kaya sa mind mo ay wala kang choice kundi magshort kasi nga huli na para maglong ka since malayo na ang inakyat.

Or…

Panay bagsak ng GOLD/SILVER kaya sa mind mo ay wala kang choice kundi maglong kasi nga huli na para magshort ka since malayo na ang ibinagsak.

Your mind creates these price tops and bottoms na pinaniniwalaan mo din kaya panay short mo sa price na may malakas na upward momentum kaya hit ng hit ang stoploss mo and eventually ay nawawipeout ka.

Panay long mo sa price na may malakas na downward momentum kaya hit ng hit ang stoploss mo and eventually ay nawawipeout ka.

You are falling for your own mental traps.

Parang flea in a jar na version ang ginagawa ng utak mo.

Remember the flea in a jar story?

When fleas are placed in a jar, they try to jump out – but after the lid is placed on, the fleas stop attempting the escape – as they learn the boundaries of the new environment they’re in. Even when the lid is removed, the fleas never jump out. Their thinking has created the ‘lid’ as the boundary, so has conditioned them to limit their jumping.

Your mind creates this “mataas na masyado” or “sobrang baba na masyado” na narrative and you bet your money on your own fabricated reversals kaya nasusunog ka.

Do not fall sa ganitong mental traps.

Walang bottom. Walang top.

Price will go wherever it wants.

Kahit up na ng 3% ang GOLD or SILVER kung nais pa din nitong umakyat ay aakyat pa yan. Kahit uo lang ng 1% ang GOLD or SILVER kapag nais na nitong bumagsak ay babagsak na yan.

Wag mong pangunahan ang price based sa mga assumptions at naiisip mo.

Let the price move.

Ang itrade mo ay kung ano ang ginagawa ng price at wag yung kung ano sa tingin mo ang gagawin ng price.

There will still be a lot of other traders na mabibiktima ng ganito na mental traps but I hope na ikaw ay hindi na isa doon since you have learned from my blog.

Stay objective. I hope you win your next trades.

May you trade well.