Funny Emotions we Traders have.
I believe we should not let the best of our emotions get to us. Definitely we will have emotions as we are all human, the ups and lows brings us joy and sorrow.
But how do you manage this emotions?
1. Always put your strategy first and stick to it. Do not trade when emotions run high as it won't turn out good. If you have sold it early and see the trade shoot up by 50% more, remember just tell yourself you have profited and will learn.
2. Write down what went wrong or what went right on the trades you have gone through.
3. Always ensure you have enough to play and not gambling away the last money you need to pay for your house loan or car loan.
4. In "Doubt" don't buy.
Thank you for reading and do share how you curb your emotions.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Zaleha96 : For future journey
ultra976OP Zaleha96: great, always follow your strategy and focus
Ryan Michael : if im "not in tune" to the market, i dont trade
GratefulPanda : The graph is not only stages of every trader, it is stages of every volatile trade too
ultra976OP Ryan Michael: yea. some people when they lose a bit of money or done a bad trade they will make worst judgements.
Limyangjie : Must Not be affected by news
ultra976OP Limyangjie: depends on news from which outlet. if it's from the university of whatsapp I would not. But imagine From credible sources then strategy have to align
Rocket MOO ultra976OP: what are the reliable sources from, can share?
ultra976OP Rocket MOO: I get my sources from Economist, McKinsey, FT, NYT, BT, HBR and many others. that's just for the economic point of view. hope that helps
102982325 : Cool and calm mind are more important during trading. What goes up must come down. As long as the company is making money the price of the shares will goes up.
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