Why is Emotional control one of the most difficult things to do while trading!
I'm not really an expert in trading and I know little but a good knowledge about trading, but one of the things that seems too difficult too control is our emotions when trading.
Each time I make profit, I feel like it's all due to my expertise but if I apply the same strategy I also might end up loosing and sometimes I do get carried away and begin to trade with luck and then end up liquidating my funds.
Please how can I go about this , and what technique or strategy seems to be best for trading?
There is no strategy that is best for trading. All strategy works and it just depends on how you’re able to perfect them and make a lot of profitability through it. Emotion is an important part of trading that when you don’t conquer it, it is going to bring you down anytime you see yourself already making it through trading. No trader is perfect and at some point, you just have to lose money. Losing money is part of trading and you must know that a trader that tells you they don’t loss in trading is not a real trader.
What distinguishes the profitable ones from those that are not profitable is there number of winning trades against the number of loss trades when compared in percentages. With a good risky to reward ratio, if you get to win two out of five trades, you’ll still be profitable. Trading is a continuous learning skills and the more you stay in it, the more you’ll get to understand the market better, it gets easier with time when you know what you’re doing and applying the perfect strategy in every trade that you place.As it gets easier and better, your emotions are now easier to control and you get to hit good points in your trading game.