Capture your thoughts. Emotions are not you, the self just experiences those emotions. When you sit back into the self and just experience emotions letting them flow through your being then start trading again.
Amen. Whenever i went with ,,This is it" idea, the position would go red another 50%. And due it being the largest position, the whole portfolio suffers. But, where in the past it was a whole portfolio-into such deal, then, later, four positions and ~15% each of net value and this time, it's only one and 12% of net assets.
Just take a break. Do not trade and do not let these kind of emotions blow your mind. After a good break, start by finding your mistakes and simply correct it. Remember the fact that "Don’t worry about what the markets are going to do; worry about what you will do in response to the markets" according to Carr.
Have your dealer mark the bags "I" for Indica and "H" for Hybrid and "S" for Sativa. This really helps.- DO NOT SMOKE "I" FOR RESEARCH-!!! <-- VERY IMPORTANT.
Shouldn't have any emotions when you trade. Best to trade like a machine, have checklist of what is needed, then put trade on. Take the person out of the trade.
We are not Mr Spock or Data. Some lucky traders will be naturally less emotional than others when it comes to trading and taking losses and giving back profits etc. The rest of us will always feel lots of emotions when trading. Just have to learn not to act on them or let them interfere with trading.
Brilliant advice, unfortunately many traders ignore this aspect of trading and commit a lot of silly mistakes like trying to sit out losses or exiting position too early, missing major movement. Also this is the underlying reason of reaction lag and missing good part of profits.
Absolutely! You hit the nail on the head. Having a well-defined trading plan and sticking to it is key to managing emotions and avoiding impulsive decisions. Emotions can cloud judgment, so it's crucial to trade based on a solid set of rules rather than how we feel in the moment. Remember, if you're having a rough day, it's often a symptom of something deeper, rather than the cause of bad trading. Keep following your plan and staying disciplined!
yeah I know Trading under emotional states like depression or lack of sleep can be risky, leading to impulsive decisions and potential account damage. Prioritizing self-care and maintaining a balanced mindset is essential for successful trading.
It's crucial to prioritize mental well-being and take a break from trading during moments of depression to avoid impulsive actions that could lead to significant losses.