Public commitments of the trader

Imagine that you decided to publicly announce on social media that you will stay in the market for a month. Your first investments went well, but then suddenly a decline appears. Instead of withdrawing in time, you stick to your positions because you don't want to disappoint your followers. Each loss is an additional 500 zł, and within a week you are already down 2000 zł. In another scenario, even though you know it's time to close the transaction, you stick to your decision because you publicly stated that you would persevere. Another 1500 zł disappears from your account. This is not only the cost of money but also the shame in front of the community that watches every move you make.

When you publicly declare your plans, it seems that you become more motivated to achieve them. The problem arises when reality does not meet expectations. In a trader's mind, a defense mechanism kicks in that says: 'I can't fail'. This leads to irrational decisions because instead of acting according to the market, you act according to the expectations of others. The consequences are not only financial losses but also frustration and stress that block rational thinking.

From the experience of many traders, it turns out that public commitments often lead to unnecessary tensions. Instead of flexibly adjusting your decisions to changing market conditions, you cling tightly to a decision once made. This does not work because financial markets are dynamic, and your declarations are rigid. Acting under the pressure of the community, you easily lose sight of what really matters - flexibility and the ability to adapt.

Instead of publicly declaring your investment plans, create a private trader's journal. Write down your decisions, thoughts, and conclusions from each transaction. Be honest with yourself, but you don't have to share everything with others. This will help you maintain control over your emotions and decisions, without external pressure. It is also worth considering joining a closed community of traders, where you can exchange experiences in a safe environment, without the pressure of public judgment.

This Week: Trader's Journal

• Keep a record of every decision and its effects.
• Focus on the process, not on what others said.