How to handle emotions in trading ?
During trading most of the newbie traders and part time traders face fear and greed. So why do we get fear and greed ? The origin of fear and greed is ego. The need to be right always trigger our ego, once we take the trade. Then ego makes sure that we wont book profit/loss in time. Mostly "type A" personalities face this problem often. They want to come first in everything they do and have a big ego. Most of them are unaware of their own ego.
How to handle it? Start doing small activities with out ego. It will reduce ego level slowly. When is the last time you played with a kid and let them wn with out hurting your ego? Also whenever fear/greed comes remind yourself, your ego is trying to take control of you. One emotion triggers another emotion always and at the end you only have to face the consequence. To become a profitable trader, the very first emotion you have to take charge is "ego". Please note there so many other parameters which decides the trader's success.
Speaking about ego, how many of you give like to the posts you read in trading view with out getting permission from your ego?
How to handle it? Start doing small activities with out ego. It will reduce ego level slowly. When is the last time you played with a kid and let them wn with out hurting your ego? Also whenever fear/greed comes remind yourself, your ego is trying to take control of you. One emotion triggers another emotion always and at the end you only have to face the consequence. To become a profitable trader, the very first emotion you have to take charge is "ego". Please note there so many other parameters which decides the trader's success.
Speaking about ego, how many of you give like to the posts you read in trading view with out getting permission from your ego?
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