Can you trade without Emotions ?

Yesterday I gave my analysis on United Spirits, Buy call got stopped out and Sell achieved the target but few traders called me yesterday, “Bramesh Sir, I am still Holding Long in United Spirits as per your analysis, I was bit taken back because we got stopped out in morning trade only and trade was moved to shorts which achieved the target. I asked why you do not keep SL, He said Sir I do not believe IN Stop loss”. I did explain him the importance of SL but I know they are falling in deaf years and till the person is not motivated and committed towards learning he/she will always end up as loser.
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.

How to fight with Trading Emotions

If you want to conquer your trading emotions..

Continue Reading