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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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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