contest, where I will develop a topic with the keyword of each emana, this is Equanimity, when I see the word I reflect, it was in my experience how to trade. Here is my post:
Equanimity is called the mental state of a person capable of reflecting balance and emotional stability even while in the middle of an extreme situation that can generate psychological imbalance.
The word equanimity derives from the Latin aequanimĭtas, -ātis, which means “impartiality”.
In this sense, equanimity refers to maintaining a balanced and constant attitude over time, regardless of the circumstances that surround us, whether positive or negative.
For this reason, equanimity is considered a virtue that few individuals possess and practice.
I wanted to start talking about the concept to get the idea of what it really is, but to make it clearer I will talk to you based on my own experience.
I usually practice it daily for any circumstance in life but I will take it to the moment when I sit in front of my computer when trading, one of the most difficult but key moments when it comes to maintaining equanimity.
As everyone knows in the world of forex you can expect any kind of thing, I think nobody knows where the market will go if it goes up, down or starts going in circles, but as in my previous post I have talked, you have to know how to do some good analysis and work on good risk management to achieve an advantage over the market.
All this is accompanied by equanimity, when I began to trade being honest I felt completely insecure, I felt all kinds of moods at the same time. But this was really not good for me. This I was overcoming little by little with the passage of time.
For me, one of the most important keys to achieve equanimity was knowing defeat and knowing how to overcome it, since when you close several negative operations you feel destroyed, apart from that if you do not have good discipline you want to take it out on the market or even carry out operations without base or foundations just to get out of that negative pothole that is going through but that really is very necessary to go through.
After knowing how to go through those bad spells little by little you will achieve equanimity, for this it is very important to stick to the work plan with which you are starting while you are firm in it, it will make it easier for you to control each of the feelings that makes you feel the market.
Another key basis in equanimity that can betray us is happiness, and if friends this is very dangerous, since she herself, although she can give us the peace and tranquility that we want, can fill us with confidence which we could abuse it as well, making us make totally hasty decisions that can lead us to ruin our equanimity in a matter of seconds.
I have built my equanimity over time, sticking to my own parameters and plans when working, taking action on market movements, with all calm and tranquility since I am very clear that anything can happen at any time. second. Maintaining this calm and tranquility helps me make my decisions when entering or leaving.
This state of mind is highly recommended to develop, it is part of our good discipline which will help us to make things much easier as time goes by.
Here is the link of the contest. Come join the fun.