How To Control Emotions In Trading

Other people strive for fame;
I avoid the limelight,
preferring to be left alone.
Indeed, I seem like an idiot:
no mind, no worries.

I drift like a wave on the ocean.
I blow as aimless at the wind.

All men settle down in their grooves;
I alone am stubborn and remain outside.
But wherein I am most different from others is
in knowing to take sustenance from the great Mother!

[moonthe]

I can't agree more! Most people are trying to be perfect.
Consistency doesn't mean profitable everyday. That's root of emotions.

[vintech]

Thank you for sharing. It's useful for traders.
Why traders often make the same mistakes even though they know what they did wrong in the past.

Emotions: Trading involves a lot of emotions, including fear, greed, and hope. These emotions can cloud a trader's judgment and cause them to make impulsive decisions that they later regret.

Lack of discipline: Successful trading requires discipline and adherence to a trading plan. If a trader lacks discipline, they may deviate from their plan and make the same mistakes repeatedly.

Overconfidence: Sometimes, traders may become overconfident after a few successful trades, causing them to take bigger risks or neglect their risk management strategy.

Cognitive biases: Traders are human and are subject to cognitive biases that can affect their decision-making process. For example, confirmation bias can cause traders to seek out information that supports their preconceived notions, while ignoring information that contradicts them.

Failure to learn from mistakes: Even though traders may be aware of their mistakes, they may not take the time to reflect on what went wrong and develop a plan to avoid repeating the same errors in the future.

[ulkord]

Today I started evaluation phase 2 of a prop firm account, and on the first day I managed to get -4.5% into drawdown, because of impatience and revenge trading. It's really quite funny how the mind wants to reach the goal instantly, even if you have a lot of time. And it's also funny when you think to yourself "okay I will only risk 0.5-1% and only take good set-ups, just like I did in backtesting!" but then you get into live trading and it feels completely different.

So now I am here, watching these videos and trying to grow. I also watched your video on how drawdown and overtrading can be an opportunity to see who you are and to fix some problems and it's really true. I know that I will make stupid mistakes even in the future, but I hope that I can improve a little bit each day, and maybe some day it will lead to something good.

Thank you for your content.

[carlosampudia]

love your videos! your transparency
and honesty! keep it that

[toheed_zafar]

Thanku❤️
I recently Got influenced by other traders views....and booked the loss

[Traderc]

So useful advises as usual. I still look at the charts all day. I hope in one day I can set the TP and SL and leave it alone.

[jollydarrenmarin]

Can you tell us about your full time job or side hustle to fund in trading

[musicfxmaster]

You said it yourself : "What you focus will expand..." So, my advice to you is to stop focusing on : 1) "you need room for stupid trades.." 2) "we will make mistake and we are ok with mistake" 3) "I make stupid thing all the time" 4) "I'm not as good as I think and I know that.."

Instead say: 1) I DON'T NEED ROOM for stupid trades 2) "I WILL NOT make mistake and I am NOT OK with mistake" 3) "I WILL NOT make stupid thing all the time" 4) I AM AS GOOD as I think and I know that"

This is actually very simple. When you make "room" for failing you're admitting to yourself that you are not really that good. You forgive yourself for being a bit "stupid" (your own words). Why is that? Does it feel comfortable to you to go through this cycle and the emotional pain that follows? Why would someone AWARE be okey with setbacks and emotional pain. Isn't your goal to SUCCEED in trading and in life PERMANENTLY? Isn't the goal of great trading to be CONSISTENTLY PROFITABLE? Could not we conclude then that the more we allow emotional pain the more we encourage not being CONSISTENTLY PROFITABLE? Isn't that what depletes your energy for success? What's the solution? LOVING YOURSELF and being HAPPY... When self-love is not something you believe possible, you are by default focusing in the possibility of failing/failure.

What does it mean to LOVE YOURSELF? Self-love is a state of appreciation for oneself that grows from actions that support our physical, psychological and spiritual growth. Self-love means having a high regard for your own well-being and happiness. Self-love means taking care of your own needs and not sacrificing your well-being. ⚛🙏

[maxispl]

You came just in time for me to break my 6 consecutive wining day and did something really stupid😂 thank you bro!

[jjdemon]

11:50 I'm gonna use this as a ringing tone