Being a trader is not easy. Many people want to become successful traders, but forget that being a successful trader requires a process and several steps that must be passed by a trader, and also not only focusing on which indicators are used, but also managing emotions and thinking discipline. Therefore, to overcome this, the law of learning to map emotions is mandatory.
Important to remember, the success of a trader is not only determined by how the trading strategy does, but also determined by its ability to control emotions when trading and when we have an understanding that the discipline of the trading system must be applied, then we no longer need to worry or panic if prices move beyond initial expectations.
The fact of a trader's success cannot be separated from discipline and mindset, so don't let yourself be affected by emotions for a moment when making a decision.
Here are tips for maintaining emotions when trading :
- When you see price fluctuations, don't panic and follow the market mindset that can actually be predicted. Try using an analysis of your ability one step ahead of other market participants
- Don't rush into the market, take a little time to analyze market rumors before making a trade transaction. This is to find out the clarity of the direction of the market waiting for more confidence and calm.
- Don't force yourself to participate in transactions, if you are unsure about the direction of market movements. It's better to wait or move to transact from the wrong position and psychology is approved.
- Try to build a winning psychology, Create a daily target, Close the position if targeted. This is to build a winning psychology, not a loser.
- Always in situations as calm as possible when entering the market. Humans are blessed with 3 virtues given by the highest creator, namely, the mind to think, the heart to pray, and time. For this reason, use these three gifts from God as best you can.
- Accept sincerely when you accept defeat and don't get discouraged
Conclusion
When going to the trading market besides using technical analysis, fundamentals and sentiment analysis the psychological aspects of trading are very important because this supports the success of a trader. To achieve this we must be disciplined in thinking and able to express emotions, so that we will walk straight in success.
Please give your tips on how to maintain emotions when entering the trading market.
Thank you, hope it's useful
