🔴❌Averaging down: Why is it a Bad decision ❌🔴 #emotions #trading #expertadvisor #propfirm

📌Averaging down can have a negative psychological impact on traders, causing them to become emotionally attached to a losing investment and reluctant to accept losses. This can lead to a "hope and hold" mentality, where traders hold onto a losing investment in the hope that it will eventually recover, rather than cutting their losses and moving on to better opportunities📌

Most traders blow up accounts because of reckless trading, poor risk management and emotions. I developed an EA for MT5 to control most of the emotional issues trades have to cope with.
I use it myself to trade for FTMO.
✅for a complete video guide, watch this video:    • Manage emotions  and risk in trading: EmoG...   ✅
✅ for complete manual visit this link: www.mql5.com/en/blogs/post/753194 ✅
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☢️☢️To use EmoGuardian on a VPS server, you might want to watch this video:    • AVOID PROP-FIRMS  VIOLATIONS   #trading  #...