[00:02] Louis. And I am Ricardo.  And have you ever come out of an operation?  But his head remained stuck in it all day.  Then you held on a little longer? Or not, what if I had left earlier, or if I
[00:16] shouldn't have even gone in?"  Yes, this isn't just something that happens to traumatized traders; it's called the Z Garn effect.  In this video, we're going to show you how this can help or hinder you during your operations in the financial market.
[00:30] That's it.  So go ahead and like this video, subscribe to our channel, and let's get to the video, subscribe to our channel, and let's get to the video.
[00:42] named after the Lithuanian-Soviet psychologist Bluma Zigarnick, occurs precisely when an interrupted activity can be remembered more easily.  The Zegar effect refers precisely to this situation, where
[00:58] our brain remembers activities that we did not complete more than complete. Exactly.  It's like when you're watching a series, but the series hasn't finished yet or it stopped in the middle of an episode.
[01:12] hammering away at that series, it keeps hammering away at it, and when you finally finish it, and when you finally finish the series, that feeling of "phew, it's finally over ," right?  And in trading it's basically the same thing.  The only
[01:25] difference is the items involved. And in trading, it's the money, the ego, and the emotions that get involved, right? And this has certainly happened to And this has certainly happened to you before.  You take a break and your mind doesn't
[01:38] you before.  You take a break and your mind doesn't accept it.  That's precisely the Z Garnic effect. She thinks, "This trade isn't over. I'm not going to fail. I still need to keep going to recover. It was just interrupted, and I'm not leaving until I
[01:52] recover." And you know what happens? You make the biggest mistake possible. Wanting to get revenge on the market, wanting to keep trading, ignoring stops, ignoring risk management. And then you run the risk of overtrading.
[02:07] And there's also that situation, right, where you enter a trade, a small profit, but then the asset goes up. What
[02:19] torturing you psychologically. You start thinking, "Wow, if I had held on a little longer, I would have had a huge profit and everything else." And what happens? In your next trade, what are you going to do? You're going to hold on
[02:32] longer, and then you're going to give it all back to the market. Be careful. When you want to trade beyond what you should, your mind is actually just playing a trick on you. It's the effect.  Zergarnic. The Zergarnic effect is one of the
[02:46] biggest fuels for overtrading, as Lis mentioned, right? You feel there's something open in the market and because of that you enter any trade. You enter without setup, without stop loss, without psychological judgment. You literally forget
[02:59] 're no longer trading charts, you're trading your frustration. And look at the danger of ignoring technical analysis, ignoring the other videos we have here with great tips on indicators, how to trade using
[03:14] indicators, using setups. So, by ignoring what we say here in the manual, and this may occur due to the Zergarnic effect, you will probably see tops where there aren't any, you will see false breakouts when in
[03:27] fact they are true breakouts and vice versa, you will end up having false perceptions in your technical analysis, in your chart analysis. And do you know what the great danger of this is? You increase your frustration and enter a vicious cycle,
[03:42] where in reality what you are doing is throwing your money away and gambling instead of studying and understanding the market. That's it . Now let's move on to...  The good part. But before that, follow our
[03:56] channel, like our video, help us grow even more, okay? So how do you use the Garnit effect, which is in our favor? which is in our favor? How? First, you have to have a
[04:10] good trading plan and follow that trading plan, which is our second tip. trading plan, which is our second tip. Know where to enter, where to exit, where to stop, accepting losses and especially accepting your profit.
[04:23] especially accepting your profit. Even if it's below expectations at the beginning of the day, know that at the end of the day, if you respect the strategy, respect your risk management, which is our third tip, you'll be on the
[04:37] right track. Then, you'll understand, " My objective has been achieved," and you won't have that feeling that something is left unfinished, which is the famous Garnit effect. Then you'll reach your goal and not your frustration.
[04:51] So, if you want to evolve in trading, you need to understand these five items here. First, the market feeds on incomplete emotions. A poorly accepted stop becomes overtrading. A poorly accepted profit becomes greed, an executed plan becomes peace of
[05:06] mind, and peace of mind becomes consistency.  A consistent trader isn't the one who gets the most right, it's the one who closes a cycle without carrying emotional baggage into their next And with that, we come to the end of our video, but before we do, next time
[05:20] video, but before we do, next time
[05:40] don't forget to leave a like, comment below, subscribe to our channel, and also check out our other videos so you can our other videos so you can better understand the
[05:55] strategies that can help you learn how to trade. And by understanding how to trade better, you 'll probably be able to triple the 'll probably be able to triple the Garnic Z effect and not let your
[06:09] Garnic Z effect and not let your mind act like that Jessica meme. Remember that "Is it over, Jessica? Is it over, Jessica? Is it over?"