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Don't let these two emotions bring your single stock futures trading journey to an end

by , 19 March 2015

There are a number of factors that have a bearing on your success as a single stock futures trader.

The psychology of a trader has a big effect. Let your emotions interfere with your trading and chances are you're going to lose money.

And as single stock futures are geared financial instruments, mistakes can cost you dearly.

So let's take a look at the two main emotions that can have a detrimental effect on your trading…


Don’t let greed get the better of you when you trade


If you have a single stock futures trade on that’s performing well, don’t let greed put you off exiting as your strategy dictates. Bank the profit and run.

And whatever you don’t, don’t add to a winning position. Increasing your exposure like this can result in disaster.

When you add to a winning position, you increase your average entry price. If the market goes against your position and you exit the trade, your profits won’t be as big as they would have been if you’d left the trade alone.

Or if the trade hits your stop loss, your losses from the trade will be far greater.


Ignore the nagging doubt that fear brings when you trade


Fear comes into play a lot when you trade single stock futures.

You might think you’ve missed a big market move that could have made you money, so you enter a trade fearing you’ll miss the next move higher. If the market falls, you’re facing a loss.

The prospect of losses makes most traders fearful. If you’re going to trade an instrument like single stock futures, you have to understand that you will have losses. If you can’t accept that, trading isn’t for you.

You can help keep fear at bay by sticking to strict stop losses and other risk management strategies.

So there you have it. Don’t let these two emotions bring your single stock futures trading journey to an end.

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