Despair and Hope, two sides of the same coin and the two emotions that rule your decision making.
In my 10+ years of trading experience, I'm not sure it's even possible to not feel or be aware of them in some way - what I'm saying is, I don't know if you can get rid of them entirely from your trading.
It may just be a constant (and natural) part of being a trader.
These days I use the intuition, awareness and knowledge about these two emotions to make the bulk of my money.
Techniques are autopilot at this point, same goes for money management, but psychology - hope - despair? They seem to be a daily "battle".
I put "battle" in quotes because, yes it's back and fourth but it doesn't need to be adversarial, do'ya know what I mean?
Too many Bambi traders run from despair and seek hope, but I use them differently - I use them as sensors of when to time an entry and exit perfectly - kinda like parking sensors on modern day cars, they're there to warn you - it's not good or bad, it's just warning you.
Hope this helps, follow for more Ninja Talks.
Nick
In my 10+ years of trading experience, I'm not sure it's even possible to not feel or be aware of them in some way - what I'm saying is, I don't know if you can get rid of them entirely from your trading.
It may just be a constant (and natural) part of being a trader.
These days I use the intuition, awareness and knowledge about these two emotions to make the bulk of my money.
Techniques are autopilot at this point, same goes for money management, but psychology - hope - despair? They seem to be a daily "battle".
I put "battle" in quotes because, yes it's back and fourth but it doesn't need to be adversarial, do'ya know what I mean?
Too many Bambi traders run from despair and seek hope, but I use them differently - I use them as sensors of when to time an entry and exit perfectly - kinda like parking sensors on modern day cars, they're there to warn you - it's not good or bad, it's just warning you.
Hope this helps, follow for more Ninja Talks.
Nick
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.