- Practice disciplined trading by setting clear rules for entering and exiting trades and sticking to them.
- Maintain a trading journal to reflect on both successful and unsuccessful trades, which can help in learning from experience.
- Focus on the process of trading rather than the profits, which can help in reducing emotional decision-making.
So guys, I've been on this trading journey for a while now and hit a bit of a wall. I keep finding myself getting too emotional about trades - celebrating too much when I win, pouting too much when I lose. It's definitely impacting my decision-making process, and probably my profits too. Has anyone else faced this? How can I get in a headspace where I maintain a positive mindset but still stay realistic about the risks and potential losses? Would appreciate any tips or advice.
I totally get where you're coming from. That emotional rollercoaster can really mess up your trading game. One suggestion I have is to build up your risk tolerance. Start small, get comfortable with losses at that level, then gradually increase the size of your trades. And remember to always learn from your losses. They're not failures, they're lessons. The key is not to let your emotions dictate your decision-making process. Hope this makes sense! Anyone else have any good strategies for this?
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