Three (3) effective ways to manage your emotions as Traderđ°đ€
When trading, you will be facing a whole host of emotions that is tied to money at stake in your account- greed, fear, doubt, hope, excitement etc.
Here are three (3) ways to manage your emotions:
âą Be objective and acknowledge your emotions. You identify your emotional patterns when take time to write down how you feel at the beginning, during and at the end of each trade. Be true to yourself because a problem identified is half solved and whatever you can't identify, you can't conquer.
âąTo be a winning trader, learn to think and act contrary to our natural instincts. Many of our emotional patterns make us lose money. When we are conscious of these patterns, we can overcome them. Trading is for strong MINDS.
âą It is advisable to trade at a level of capital & risk where a few losing trades does not âhurtâ you emotionally. This level depends on your individual âpain thresholdâ.
In conclusion, Trading is a psychological business and the strong minds take the money of weak minds.
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