Welcome, guys! ๐Today I wanna talk with you about our feelings and emotions!
Fear of falling prices provokes a sell, and the opportunity to lose chance to make monney leads to an unreasonable buy.๐ฅ
โกSuch pernicious emotion like greed is a manifestation of the traderโs arrogance and his thirst for a good income as soon as possible, which also provokes the unfoundedness of transactions.๐คท๐ปโโ๏ธ
Many psychologists and scientists do a lot of research in the study of human emotions and feelings, the results of which show the ability to control their emotions.
๐ช๐ป In trading, managing emotions is a very necessary.๐ช๐ป
Let's consider three seemingly simple emotions on which a traderโs work in the market depends in more detail:
๐Fear ๐Hope ๐Greed
๐ฑThe role of fear in trading ๐ฑ
In fact, fear plays a significant role in the market. Fear often deprives the trader of the opportunity to earn money, but also saving him from making fatal decisions. The emotion of fear often serves as a kind of "brake" for the trader.
A frightened trader is obsessed with the adverse aspects of trading. Fear of losing money generates a lot of other negative emotions in your head.
๐คTrader's greed would destroy.๐ค
Greed is a disastrous and dangerous feeling, especially for a trader. The prevalence of greed rarely can help to achieve the desired result. It depriving people of the ability to think soberly and objectively. Often, having felt success, a trader wants to earn more and more by making the following mistakes:
โ Untimely exit from the transaction โ Hold position more then you need โ Overstatement of risks
๐๐ปHope is the last thing to die๐๐ป
Of all three emotions, most market participants live with hope. This emotion is completely opposite to fear, because its presence affects the positive thinking of the outcome of the trade. In moments of hope, the thinking of market participants is aimed at making profit, not losing it.
People trade in order to achieve success and financial stability, taking income from the market. The circle of such people was divided into optimists and pessimists, absorbed in hope, fear and greed, only to different degrees. One way or another, an overabundance of these emotions can lead to losses . The best option is to find the โgolden meanโ and learn how to manage your emotions.๐ช๐ป๐ช๐ป๐ช๐ป
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