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.
When you are still new into trading then you would definitely be having these kind of feeling.
1. Revenge trading - When you do hit SL then you do tend to re-enter a position and even move your stoploss.
2. Fear- Once you do enter a position then you do suddenly close because the market do make out some opposite move.
3. Greed- Once you do hit up that realistic RR, you do still hold up the trade on believing that it could go even more until the price do make out some breakeven or even hitting up your stop loss.
How to deal up with those emotional swings? It all matters about someones experience on which you are the ones will be able to solve out that kind of impulsiveness at the time that you do gain up
that experience. You would be able to make out adjustments at the moment that you do able to have that adjustment accordingly. There are just that those times that you do feel like on giving up
but once you do able to make out such realization then its impossible that you wont be able to notice it out and made out adjustments accordingly.