Manage emotional fluctuations to ensure rational and objective decision-making
Emotions are the enemy of trading; whether it's excitement, fear, or anxiety, they can influence our trading decisions and lead us away from rational paths. Throughout the trading process, it's essential to maintain a calm and peaceful mindset, avoiding impulsive buying and selling driven by emotions. By creating a detailed trading plan and strictly adhering to it, one can reduce the impact of emotions on trading, ensuring that every decision is based on objective analysis and judgment.
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