EMOTIONLESS TRADING!

When I started my trading journey, I made a lot of emotional decisions. Removed stop losses, got liquidated and lost around $3,000. I didn’t take my profits timely. Nothing - just to make a quick buck.

When I would get a loss I would quickly take another trade to cover the loss and end up digging myself a hole. In that instance, you are emotionally charged. Probably angry at yourself, anxious, sad. A bunch of other emotions kicking in at that time.

Take emotions out of the trade. Thats what it is. It is a trade. Buy low and sell high. No emotions involved. Things aren’t working out for you that day? Close your mobiles/laptops. Leave it for another day. When your emotions kick in you are bound to trade in more losses.

Sometimes it is better to take a step back and reassess the entire situation. Reassess yourself. You aren’t attached to a coin. Take your profit - set your stop losses to break even then. Close trades in profit. Learn risk management.

This doesn’t happen overnight but take advice from people who have been through it. It will only help you become a better trader. Learn from others mistakes.

Do yourself a favour and learn, learn & LEARN!!

You’re welcome! 🫡

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