How to Save Yourself from Trading Frustration and Burnout

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How to Save Yourself from Trading Frustration and Burnout?

When you are operating in the binary options or Forex trade market, it becomes easy to get overwhelmed by all the upheaval and internalize any losses. This trade market is among the most dynamic and unpredictable ones, so a loss may be because of several reasons from a badly devised strategy or a depression in the market overall.

Whatever may the reason be; losing money despite the hard work and effort would push anyone to the brink of anxiety and panic. In this competitive market segment if you are not vigilant about the impact of various market events on “you”, it is very swift ride to a downward spiral and you can end up feeling burned-out, frustrated, drained and may even start considering ‘giving up’. Below are some tips to counteract this trade anxiety and market overwhelm…

Counteract the Negative Thoughts…!

As a trader, you must stay very attentive to how the market environment affects you at a time and counter any negative thought patterns that may emerge. Taking care of yourself and the psychological impact of overall market pressure also relates highly to the success in this market because the successful ones are determined, focused and calm. However, it is “OKAY” to feel panicked or overwhelmed and get caught up in whatever may be happening in the market, but it is crucial to learn to manage and balance it out.

A good rule of thumb is to always focus on the goal or the bigger picture. Various traders in this market segment make an error of letting their emotions get the best out of them and let the everyday market events direct their feelings.

Is Binary Options Trade all about Profits?

Obviously, profits matter a lot! However, as a binary options trader you must strive to active counteract such conventional thought patterns because a zero-profit score may not mean ‘failure’ or ‘a week wasted’. A lot of times, traders must focus on learning and testing new strategies of this trade (e.g. trade journaling or back-testing) and would earn little to no profit but they have gained very useful insights that they may apply later and end up earning good profits.

However, people who might be struggling with such an issue may think that if they are earning a certain percentage of profit in a day, only then they are performing satisfactorily in the market.

On the contrary, they may think that by losing money they undermine their performance and may consider them a terrible trader. This is a very restrictive thinking pattern and may even function for a regular office job, but when it comes to forex and binary options trade markets you may not be able to secure enough profits for the efforts that you invest and that is how everything function in this trade.

So, a person struggling to accept this uncertainty in the binary trade may struggle with their self-worth and motivation if they are failing to meet the restrictive profit goals.

Set Trading Goals to Keep the Stress at Bay!

Like any business, binary options and forex trade markets also require a set of goals that aids in pursuing the desired results. Goals may not seem much at the beginning, but they not only represent the trader expectations but act more of a connection of dreams with the reality. When you invest time and specify the goals, you acknowledge the “need” for bringing in some organization to your trade routine. They would also be a good place to start seeing and mapping out your progress as a binary options trader.

However, despite the apparent simplicity of goal setting, a lot of traders find it hard to meet their goals. One of the reasons for this struggle with goals is that the goals they set may not be specific, realistic or action based. If you are a newbie trader, it would be a good to make ‘learning goals’; that encourage you to stay focused on the overall process of trade and not be too obsessed with the outcome. Binary options trade sector has many dimensions that require dedicated learning, because your aim should be to learn the tricks of binary trade.

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  • BINOMO
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    Only For Experienced Traders.

For the traders who have been in the game for quite a while, it is advisable to set outcome-goals, that are focusing on the result (e.g. learning about the automated software or robots). This goal differentiation is very important because in the binary options market you have to pay attention to the presenting needs as a trader and adapt accordingly. With goals you escape a feeling of overwhelm because you have segmented a bigger task into smaller sub-tasks and by achieving each one after the other you enhance the level of motivation and determination.

Keeping the above enlisted strategies would help you get started with managing the trading stress better and make progress as a trader.

So, keep your eyes on the bigger picture, set specific goals and don’t give the steering wheel to your emotions (i.e. counteract the pessimism).

As a binary options trader, share in the comments (below), any strategies that you employ to handle the trade-stress or anxiety.

Profit Trading Bot

Profit trading bot is a new binary options software that uses a cutting edge trading algorithm that supposedly generated over $1.1 million in profits in under 8 months. This is another trading software that is promising $1000 a day in profits to traders with no experience or education.

Today I’ll be analyzing the software and letting the binary today community understand if these promises are too good to be true or if there is some legitimacy here after all.

Profit Trading Bot Review

Like most websites in this market the profit trading bot sales page consists of testimonials, a YouTube video and an email subscription form. As of right now we can see at the top right-hand side of the website it says there are only 10 licenses available. When I went on to this website last night it was the exact same number. Either this is just an image to create some sort of immediacy or the system is not as popular as the vendors would have liked. On the bottom right-hand side of the page and next to the testimonials we see an image that specifies that this software has been approved by verified binary. While the image looks professional verified binary is not a proven entity and these images have consistently been seen on the websites of many failed get rich quick schemes. This is not a condemnation of the trading bot but it certainly isn’t an endorsement.

Sadly, as I continue my way through the profit trading bot website I see more red flags being raised. Underneath the first handful of testimonials we can see more being provided through twitter. I have spent some time looking through twitter to find these tweets and I have not been able to find any of them. I’m not necessarily saying that they are fabricated by pointing this out but considering twitter is an open network I shouldn’t have any issues finding these keywords. It is another element on this website that leads to the potential of deceptive marketing practices which makes me very nervous.

Today I won’t be recommending the profit trading bot because of all of the elements I’ve described above. There is really no proof that this software has what it takes to make millions of dollars for its clients. While I’m sure we would all like to believe that there is some magical tool out there that makes thousands of dollards a day it is quite unlikely. Our best bet as a community is to focus on systems that provide us with more transparency and have more respectable outlooks. I’m more interested in the software company that tells me they can make 70% winning trades then one that promises 98% because the developer the promises more generally provides much less. If you have something you would like to add to this review now is the time for your comments and questions. Thank you for spending your time here at binary today.

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What’s Causing Career Burnout + How You Can Avoid It

Ever feel like you just can’t with your job anymore? Is your once dream job now your worst nightmare? If you only have that feeling occasionally, you probably don’t need to worry, but if you’re feeling stressed and frustrated at work every single day, you might be experiencing career burnout. The good news is, no matter how fed up you are, there’s a way out of it, whether you have to make a career change or you’re able to find a way to stay put. Truth is, it is pretty much 100 percent within your control, as long as you have the right tools to help you deal. To find out how to combat constant less-than-awesome feelings about your job, read on.

So what is career burnout, exactly?

Career strategy coach Lisa Lewis of So Much More Coaching explains that, “at the core, burnout is born from stress. Stress is a short-term or seemingly ending burst of being overworked.” Right, that happens to everyone! On the other hand, “Burnout is a persistent feeling of being overworked to the point that you are mentally divorcing yourself from the work and become disinterested in growth and advancement. If you feel like you are completely out of f*cks, you’re experiencing burnout, not stress.” So basically if you can’t handle being at work anymore and you’re feeling totally uninspired, burnout is probs the culprit.

Understanding what causes burnout

“A big cause of burnout is completely natural,” says Lewis. “It’s the evolution of your own personal mission and the concurrent evolution of the organization’s needs.” It’s true that people change over time, and companies do too. It’s entirely possible that you started out with similar values and over time realize that you’ve evolved a bit. “As you’re in a role month after month, the terms and stakes can change,” she notes. “The responsibilities may become more monotonous, you may end up with less control over your workload or you may outgrow your job. Your professional vision can diverge from the impact of the role or organization you’re currently in, making the work that used to feel sustainable and life-giving now a complete drain because your priorities shifted.”

How to Deal

If this is all sounding a little too familiar, Lewis suggests taking three main steps to get yourself out of the burnout hole:

1. Set boundaries, like ASAP. Lewis believes that one of the main causes of burnout is ineffective boundary setting. “Burnout is typically the result of trading off and foregoing social relationships that give us something to do in the off-hours, as well as de-prioritizing self-care.” In other words, giving all of your time to your job is a recipe for disaster. If you need to have responsibilities taken off your plate or see some other way to make your situation more sustainable, Lewis says you should communicate that clearly and as soon as possible. After all, you can’t expect your needs to be met unless you make them known, right?

2. Create a plan for when you feel stress setting in. Certain careers are more prone to experiencing burnout, particularly those that have heavy emotional involvement like nursing, social work and teaching. Lewis notes, however, that sometimes your personality can be a factor too. “People who tend to have all-or-nothing viewpoints and who throw themselves into projects with abandon are likely to forget self-care practices that are sustainable,” she says. “If you know the risk factors in your chosen field, you can make your sustainability action plan at the start — and re-commit yourself to it when stress starts running high.” A little bit of preparation when you start your job or when you realize you’re starting to feel stressed can save you a lot of frustration later. “If you’re feeling a burnout freight train barreling down on you, don’t freak out! The first question is: Are there things you could change about your current situation that would realistically change your burnout into a breakthrough? If so, it’s time to speak up and work with your boss to make some changes.

3. Know that finding a new job won’t solve everything. If your stress plan isn’t working, leaving your job to escape burnout is absolutely an option — but you still have to do some work to make sure you don’t carry it with you to your next gig. “If you can’t see any kind of future in your current role or with your current team, it’s time to re-root yourself in your values and start looking externally. Making a jump because of frustration and exhaustion can cloud your decision-making abilities and send you into another less-than-ideal situation. So if you’re certain your future isn’t with your current employer, ground yourself in what used to be working for you in your career, and lean into your strengths in your search for a new role.”

Once you’ve found a new gig, make sure you set healthy expectations and boundaries (for both yourself and your employer) from the start. Not going to answer emails on weekends? Great, make sure your boss knows. Scheduling a week-long vacation every six months to ensure you get a break from the craziness? Tell HR on the day you start. If you don’t make an effort to do these things, you might bring your burnout susceptibility with you from job to job. “Being aware of how the experience felt at your past job is important, and you should use those warning signs to set expectations with your new boss immediately about what will make you able to contribute at your highest sustainable ability. There is a reason all health and wellness coaches harp on the Big Three: sufficient sleep, abundant physical activity and nutritious food. Without these building blocks for health care, no amount of self-care as triage will get you through burnout. ”

Have you ever dealt with career burnout? Tell us how you got through it @BritandCo!

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    Best For Beginners!
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  • BINOMO
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    Only For Experienced Traders.

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