- Hope
Excessive hopes or unrealistic in trading could harm. Hope to always profit often cause traders to not follow trading plan that has been agreed upon. .
To prevent these types of emotions , we should always be aware of whether we're in emotions when trading, because trading with the emotions will only make our trading destroy.
Hope and greed caught me several times. I've been into a lot of position where I stand on almost 50% profit in a leveraged trade but did not close my position, thinking that the price will fall/rise more. What happened next is it move away from the direction I was hoping and I ended up liquidated. Lesson learned.
It's hard to keep your emotion when trading with real money, especially if it was a big sized trade. Does anyone have a real, applicable tips how to manage emotion?