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.
When it comes to trading the emotional control is the most matters and the second follow by the knowledge those two things is very important when ever a person come to trade, and that’s what most of the people are lack of that’s they most people’s lose at time in the trading: we all know that it’s not easy to control our emotional when it come to trading.
The problem with some is that when they come trade there always claim an expert where by they didn’t have even single knowledge about, instead of them to go and seek for knowledge and the experience about the trading; but they will not which even when they trade they failed at times
The reason why people are unable to control emotions in trading is because they lack knowledge and when they enter the market they experience things that are known to them which they find it very difficult to control it.
Knowledge in trading brings awareness of the things a trader needs to know like risk management, having realistic expectations of what trading outcome will be, discipline and trading with amount that you can afford. Just imagine one who have all these knowledge about trading and someone who is not aware of them and if these two set of person have the same outcome which is lose, who do think will be more emotional? Of course the one who is not aware of all these knowledge. Good knowledge in trading gives bet to emotions that can be able to control trading outcome.