One very thing that I have come to realize is that emotional swings are inevitable in trading. You can be feeling so confident and on top of the world after securing a huge profit, then suddenly the feeling of frustration and anxiousness sets in after a loss or setback. It's sometimes a rollercoaster.
What has always been helping me whenever this happens is to step away from the screen of my phone or laptop( as the case may be). I also try to stick to a plan, once I have set my entry and exit I try very much not to second guess cos the market is moving. Journaling my trade also helps me to notice patterns in my emotional response.
It's really not an easy one, but learning to stay calm and focused has really helped make better decisions. How do you manage you emotional ups and downs that comes with trading, love to hear your responses.
I heard a good quote from someone and I want to share it with you. This reminds me of my past trades, wins and mistakes, wish I knew it before, so this is the quote -
When you win, you are not as good as you think you are and when you lose, you are not as bad as you think you are. Remember this quote before you trade the next time, this will help you in your mood swings. Also, the best thing that you can do is to stop day or regular trading, do not chase every moment because you are not a whale and don't influence the market, you are a fish in the ocean and you have to swim behind whales to not become their victim. I only trade a few times and I'm happier with my results, I'm also mentally more stable and relaxed.