Home > Psychology > Keep your emotions in check!

Keep your emotions in check!

We have had the experience of training hundreds of traders over the years and have seen all types of personalities.  That being said, it is important to understand that trading can create all types of emotions. Fear , greed, and excitement, just to name a few.

We make sure our traders understand that to be successful as a trader, one must contol those emotions.  The traders who are most successful are the ones who do not get to high when things are going well and do not get too low when they are in a bad trade or trading poorly. You would not know if they were in a winning trade and up $1k or in a losing trade and down $2k.

In our Equity Trader 101 class we make sure our traders understand that to keep your emotions in check, you must have a clear trading plan. If you know where you are wrong, before you enter a trade there is no reason to experience fear and on the flipside if you are using trailing stops and have atarget price to exit the trade, there is no reason to experience greed.

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Categories: Psychology
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