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Someone sent a whatsapp message about how to trade without emotions and i think there is a huge misconception going on that if you are a mechanical trader, you trade without emotions..
Nothing could be further from the truth
(1/5)
Someone sent a whatsapp message about how to trade without emotions and i think there is a huge misconception going on that if you are a mechanical trader, you trade without emotions..
Nothing could be further from the truth
(1/5)
Science says we express our emotions in the same six ways. Many believe that when a trader is successful, he trades without emotions.
Let me break the bubble now - We can't eliminate our emotions, nor should you. We just have to keep them from becoming destabilizing.
(2/5)
Let me break the bubble now - We can't eliminate our emotions, nor should you. We just have to keep them from becoming destabilizing.
(2/5)
If we don't feel the pain of a loss, then we will become desensitized to losing, and our financial survival will be tenuous,
And, in many ways large profits are even more insidious, than large losses, because they cause overconfidence, and a false sense of ability
(3/5)
And, in many ways large profits are even more insidious, than large losses, because they cause overconfidence, and a false sense of ability
(3/5)
The traders who are consistently profitable has figured out way to handle their emotions and not how to avoid them.
The last thing you want to think about when you are learning how to trade is how much money you are making.
(4/5)
The last thing you want to think about when you are learning how to trade is how much money you are making.
(4/5)
What you do want to think about is how to maximize the chance of making money. Once again, its about the process, and not the outcome.
So, lets not try to be emotionless - cant happen. We get better at handling them - by getting mentally strong, one day at a time
(5/5)
So, lets not try to be emotionless - cant happen. We get better at handling them - by getting mentally strong, one day at a time
(5/5)
