Quote from: Sakanwa on March 01, 2023, 05:13:07 AM

I guess for someone to call him or her self a trader you need to control your emotions right, now after having that emotion in control and other basic things a trader should know you have all under control and still loss more then getting profit.

*What else is required for such a person to control,is it still his or her emotions or what next?

*And what will be your advice to a person in that position or state and what kind of trader are you going to call such a person?

Online trading can evoke a range of emotions, which can significantly impact a trader's decision-making process and overall trading outcomes. Some common emotions experienced during online trading include:

Greed: Greed can arise when traders become overly focused on maximizing profits and taking excessive risks. It may lead to impulsive trading decisions, disregarding
proper risk management practices.

Fear: Fear often emerges when traders worry about potential losses or market volatility. It can cause hesitation in entering or exiting trades and may result in missed
opportunities or holding onto losing positions for too long.

Overconfidence: Success in a few trades can lead to overconfidence, where traders start believing they have superior skills or abilities to consistently make profitable trades.
This overestimation can lead to taking on higher risks or neglecting proper analysis and risk management.

Frustration and Impatience: Frustration and impatience may arise when trades do not go as planned or when market conditions are not favorable. Traders may feel the urge
to make impulsive decisions to recover losses quickly or force trades in unfavorable situations.

Regret: Regret occurs when traders dwell on past trading decisions, particularly after incurring losses. It can lead to emotional biases, such as revenge trading, where
traders seek to recoup losses by taking on higher risks.

Anxiety: Anxiety can be a common emotion, especially for new or inexperienced traders. The uncertainty and unpredictability of the market can create feelings of unease
and worry.

Managing emotions in online trading is crucial for making rational decisions.