Point Out How Can I Control Our Emotion

Discussion in 'General Trading Discussion' started by Jaxon, May 10, 2022.

  1. Jaxon

    Jaxon Senior Investor

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    It is extremely difficult to Get a handle on our feelings. There is not even a shadow of doubt yet it's certainly feasible by any means as we realize that numerous expert dealers know it well overall. How would we need to get a handle on our feelings in exchanging? Also, I don't believe that utilizing EA will be smart at all in light of the fact that most are not really great for exchanging they will consume your record gradually leisurely
     
  2. Manon

    Manon Active Member

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    One thing that can help is this;
    Don't act on anger: When you’re angry, hold out, wait until reason takes hold. There is no worse trade than a “revenge” trade, in which a trader follows up a loss by jumping right back in to recoup. Consult your trading journal to get back on track.
     
  3. jhonmason69

    jhonmason69 Senior Investor

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    Follow these five day trader's tricks if you have problems controlling your emotions.
    1. Take a walk after each trade. ...
    2. Find out the least volatile hour of the trading session. ...
    3. Stop trading after three consecutive wins or losses. ...
    4. Don't look at your profit and loss while you are trading. ...
    5. Ask yourself: “Am I scared?”
     
  4. Glad22

    Glad22 Active Member

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    Very practical steps, and easily achievable. In fact this is something every trader should consider serious not just when you are stressed or things have gone wrong. The mind needs some time to process stuffs too.
     
  5. Jason@

    [email protected] Member

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    Every trader is different. To keep emotions under check, one needs to formulate their trading strategy based on your needs and market knowledge. Identify and set up your risk levels and benchmarks on when to enter and exit.
     
  6. Manon

    Manon Active Member

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    Well said, we each need to define what sort of trader we are or want to be. That can go a long way in helping us make good decisions in the market.
     

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