Thursday, March 17

How to fight with Trading Emotions

Emotions have no place in trading, especially for day traders as their holding period is for few hours only. Most of traders are searching for Magic Indicator or Holy Grail which will lead the desired results and will never cause any loss to them. But in Reality No matter what technical indicator or stock trading system that trader used, results is always the  losses. So where is the real problem It lies in Psyche of trader.
If you want to conquer your trading emotions, Suppose you made a vow you will always put stoploss in all trades you will take from tomorrow onwards. As soon as you place a Stop loss after you took a trade you will face strong resistance internally “What if the Stop loss gets triggered and Stock Bounces back again”.

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