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.
This is very important – plan your trades before you trigger them. Once you trigger them, don't panic again otherwise you execute actions on impulse. That's the hallmark of a noob trader. Any trader who does that is going to always fall into losses they're trying to avoid.
How do you manage you emotional ups and downs that comes with trading, love to hear your responses.
A few years ago, I used to trade impulsively and that led me to taking so many trades daily. I wasn't even a scalper but I would execute my trades like one. I would trigger trades and then exited with little profit, only to see PA continue in my direction. I would enter again to chase it after a while only to see price move against me momentarily. I would panic and exit, price would revert 😂. This day, I hardly pick more than two trades daily and let them ride me out, either to TP or SL. Most times, TP is hit.
To be able to achieve that, determine your loss first before aiming for profit. Yes, aways think loss the same way you think profit. You've to be good at MM (Money Management) in relation to your account size. Once you get that right, you won't panic whenever you trigger trades because you already know it's either profit or loss as determined. Also, don't trigger any trade that you won't aim at least 1:3 on risk to reward.