Post
Topic
Board Trading Discussion
Re: Importance of emotion while trading
by
betMaster
on 30/10/2023, 13:21:00 UTC
I think emotions have a big impact on trading. They can influence the choices we make in the market and greatly affect our success. When engaging in trading it becomes crucial to be mindful of our emotions. I believe there's two emotions experienced during trading ;fear and greed.
Fear may lead to hesitation. As a result some opportunities can be missed. On the hand,greed can result in taking risks and making poor choices.
Being able to identify and control these emotions is necessary when making trading decisions. It is essential to recognize behavior and prevent ourselves from getting carried aw ay by impulsive decisions. Having a defined plan and commiting to it will not let emotions affect our decisions.