Emotions And Trading
PERFECT TRADER would carefully formulate a detailed trading strategy,trading plan working on his emotions before/during and after the trade.
Traders are humans, and they don't always behave rationally. Indeed, they tend to be driven by fear, hope, and greed, and thus, forecasting market behavior has proven much more difficult than space travel.
In the real world, humans are emotional. Emotions rule everything in the markets. The decision you must make if you want to be a PERFECT TRADER, is whether you are going to control your emotions during trade or let your emotions rule you.
The successful trader is realistic as well as logical.
It doesn't do you any good to become overly disappointed when have a loss or overly euphoric when you have a big gain.
Extreme pleasant and unpleasant emotions
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Traders are humans, and they don't always behave rationally. Indeed, they tend to be driven by fear, hope, and greed, and thus, forecasting market behavior has proven much more difficult than space travel.
In the real world, humans are emotional. Emotions rule everything in the markets. The decision you must make if you want to be a PERFECT TRADER, is whether you are going to control your emotions during trade or let your emotions rule you.
The successful trader is realistic as well as logical.
It doesn't do you any good to become overly disappointed when have a loss or overly euphoric when you have a big gain.
Extreme pleasant and unpleasant emotions
posted by Bramesh at
4:41 PM
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