Are you always at loss in your trade due to your emotional attachment to trade or due to the fear of losing?
Emotional trading is not always completely avoidable but can be reduced to the nearest minimum.
Emotional trading is caused due to unnecessary
trading fears or doubts. It mostly occurs when you are unnecessarily scared of
losing trade or losing money.
This leads you to place the wrong buy or sell trade which will eventually lead you to loss.
This situation is mainly avoided by having Trading Strategies. Trading Strategies are proven, specific and general techniques or strategies you use in your trading that wins. These strategies are developed by your experience in the trade, and your ability to know what is right to do and what works for you. These strategies are mostly aided by your Technical and Fundamental Analysis Ability.
So, You need to develop a sound and good analytic skills and strategy that works so when there is a rise or dumb in the market you will know and be sure of how and what to trade.
Like I said earlier, Emotional trading
may not be killed permanently but can be reduced to the nearest minimum. See
you at the Top.
