Quote from: Nothingtodo on Today at 10:43:57 AM

Quote from: Iamkizito on January 07, 2025, 04:51:15 PM

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?

If a trader initially makes a profit by trading, his emotions increase so much and his level of greed increases so much that he keeps trading again and again and at some point loses all the profits he has made in the past. This is a major problem in trading that a trader faces losses due to the inability to control emotions. There are very few traders who can control their emotions. Only those who can control emotions make profits in trading.

The main thing that comes up into our mind at the moment that you do make some engagement into a space on which it is really that volatile and unpredictable. Getting emotional will be that a common reaction to have since we don't really like on losing money and since you do lack knowledge then you will be having that reaction on which it's really that good that you do make out adjusting because as we do able to obtain experience then we will be able to make out adjustments