Post
Topic
Board Trading Discussion
Re: How to get rid of emotions when trading
by
gudrun
on 09/08/2018, 14:26:24 UTC
Our brain is hardwired to go into a fight or flight mode under stress, resulting in emotional responses like greed (taking too large risks), anger, fear (panic-closing) or fear of missing out. While this is a good thing when fighting lions in the savannah, it is a horrible thing when trading, and you need to make smart decisions and keep to your plan to keep making profits.
This topic will focus on how to get rid of emotions while trading, or at least make the best decisions which are not based on emotional responses of our ape brain. So how can we achieve that?
How are you dealing with your emotions? Anything to add or to take away from this?
Each person's emotions are different. I think that getting rid of emotion in every transaction is impossible. The best way is to forget about it and focus on a job other than the transaction