Here are the mistakes are done by the trader due to being too emotional- 1. Selling of a stock that perform better just because you heard market falling on one of the social media platforms. 2. Being too greedy in a position means you have reached your profit goal still you are continuing your position for more profit. This might be dangerous for your money. Emotions are bad in trading and you may face huge loss due to taking decision forced by emotions.
Never be too emotional about your views,Never average a losing trade by taking on leverage,Don’t be aggressive when losing and conservative when winning,Never try to pick the peaks and troughs.
The moment you allow emotions to be involved in your investment strategies this is literally the beginning of the end. Think of all shares, options and assets as simple boxes and all you are doing is buying a box and then selling a box. Never get emotionally attached to any assets!
Most of the trader loss their money because of taking wrong decision. Trading without emotion is quite tough job to do. But it is needed to trade without emotion. Because most of the time it causes loss. On the other hand many traders loss their money because of greedy decisions. Brokers like TP Global FX can help them to take right decision. It helps them not to take decision emotionally and ensure profit by taking technical decisions.
The key is to understand how it really works and who is right to work with. I was losing funds to a broker and by the time i realised it, i had already lost $52000 which was over half of my savings. I met a friendly trader and she directed me to the recovery agent Mr Bart Kasch. He helped me recover all my money, every penny. Referred him to friends and colleagues already, you can contact him if you need help at [email protected]
