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?
Over time you get to learn that those emotions were actually acting as a teacher in your trading journey.. to be frank, when I started trading back then. I had sleepless nights, with or without trading. Why? I kept thinking what would happen if I was actually going into a path that wasn't mine. Is my strategy actually working? But then as time went on, I came to realize that trading was not just a journey of a mile, but a journey of a thousand miles. Your losses, your greeds, emotions and every thing you experience as a newbie trader will actually coach you when you start becoming profitable....
Yes, in the end it's just a matter of time and can go through the trading process so that it can give birth to experience from that experience we can make lessons and be able to control emotions or be able to control emotional management in trading. Because controlling emotions is not as easy as theory but must be practiced and must go hand in hand with time.
Because the key to success in trading when we can be emotional, when your emotions are unstable it will have an impact on bad decision making or can even fall into greed. For that, before trading, make a trading plan and be disciplined with the trading plan you make. If this is applied slowly, emotions in trading can be controlled by balancing it with experience. Whatever we do, be it business, investment, or gambling, experience is always a teacher to achieve success.