Why dont traders want to control their emotions?
Most of traders notice that their emotions dont help them make money on financial markets. But they dont even try to fix it. Why?
Reason 1. Because traders think that their emotions are not important.
In any field where people compete for big money the winners work with their emotions. They do it because they know that their mindset define if they are among winners or losers.
Reason 2. Because traders think that their emotional reactions are a natural part of them.
The emotions that you fell when you trade arent natural. You learned them.
You have some life experience. Your brain based on that experience produce emotions which help you survive and achieve your goals (it makes you feel hungry to make you eat something, it makes you to feel sleepy to make you sleep and so on).
Usually it works because your brain was created to support you. But it doesnt work on financial markets. Your brain dont know how to support you so it produces irrational feelings which make that you lose.
But you can relax. You can teach your brain to support your trading and it will do it with pleasure.
Reason 3. Because traders learned that they cant control their emotions.
Imagine that you have a profitable trading plan. You start trading and you lost the first trade. What do you feel? Probably some unpleasant emotion like fear, anger or guilt. You know that you have no rational reason to feel it. If you want to win in the long run then you must sometimes lose.
Great, but you feel this stupid emotion even stronger. You can give yourself one million rational arguments to be calm but it will not change anything. You can force or punish yourself to feel something different but it will only enforce your feeling.
So what can you do? Nothing? Accept that you must feel stupid and feelings which negatively affects your trading results and private life?
Or maybe there is something that you do to fix it? Maybe you can control the emotions that you feel when you trade?
Of course you can! How? I will tell you soon.
You can control your emotions
Most of traders notice that their emotions dont help them make money on financial markets. But they dont even try to fix it. Why?
Reason 1. Because traders think that their emotions are not important.
In any field where people compete for big money the winners work with their emotions. They do it because they know that their mindset define if they are among winners or losers.
Reason 2. Because traders think that their emotional reactions are a natural part of them.
The emotions that you fell when you trade arent natural. You learned them.
You have some life experience. Your brain based on that experience produce emotions which help you survive and achieve your goals (it makes you feel hungry to make you eat something, it makes you to feel sleepy to make you sleep and so on).
Usually it works because your brain was created to support you. But it doesnt work on financial markets. Your brain dont know how to support you so it produces irrational feelings which make that you lose.
But you can relax. You can teach your brain to support your trading and it will do it with pleasure.
Reason 3. Because traders learned that they cant control their emotions.
Imagine that you have a profitable trading plan. You start trading and you lost the first trade. What do you feel? Probably some unpleasant emotion like fear, anger or guilt. You know that you have no rational reason to feel it. If you want to win in the long run then you must sometimes lose.
Great, but you feel this stupid emotion even stronger. You can give yourself one million rational arguments to be calm but it will not change anything. You can force or punish yourself to feel something different but it will only enforce your feeling.
So what can you do? Nothing? Accept that you must feel stupid and feelings which negatively affects your trading results and private life?
Or maybe there is something that you do to fix it? Maybe you can control the emotions that you feel when you trade?
Of course you can! How? I will tell you soon.
You can control your emotions
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