The disadvantages of not having control over emotions in trading?

[wajidali874614]

Hi! to all members! Controlling emotions is an important aspect of trading. We can never be a good trader if our emotions are beyond our control. If trading begins to go in the opposite direction of our calculations, we get very angry and often we get overtrading which we have to suffer a lot, and often the account ends. It is a good thing if our emotions are in our control, but if we cannot control it. Then we should consider the option of SL in trading. So that we can avoid more damage.

 

[Sicert]

Emotions are without a doubt among the most influencing factors for traders and how traders handle emotions in their trading determines whether or not they can be profitable over the long term.

 

[Pretty6]

Well traders can be utterly confused and they can take impractical decisions while trading if their emotions are not handled carefully. One of the most trickiest part of trading is being practical while trading and that is impossible without keeping emotions aside.

 

[Marco James]

If traders don't learn to handle emotions while trading then it might lead to over trading, revenge trading which is definitely the worst thing to do. So a strong mindset is necessasry in trading.

 

[Sheldon56]

Yes that's right! One of the most important parts of trading is handling emotions. However, many fail in this part and end up losing.

 

[Grace wilson]

Hi! to all members! Controlling emotions is an important aspect of trading. We can never be a good trader if our emotions are beyond our control. If trading begins to go in the opposite direction of our calculations, we get very angry and often we get overtrading which we have to suffer a lot, and often the account ends. It is a good thing if our emotions are in our control, but if we cannot control it. Then we should consider the option of SL in trading. So that we can avoid more damage.

There is no doubt that emotions play a vital role while trading. Often, it is suggested to keeps emotions under control, but it is very natural to experience emotions like fear and greed.
There is a tendency in human to respond to a positive trend with greed, so by buying more, while on the other hand they tend to panic or experience fear when the market in in a downtrend, and respond to that by selling.

This affects the market in such a way that it tends to get momentum even when not financially justified.

 

[Meztijar]

Until you learn how to properly control your emotions, you will make mistakes that will appear on your financial wealth

 

[galaxy]

Without having any control over your emotions, you will be having a mental breakdown when you are making loss of money continously, so it is always important to brace up and put your emotions outside of your control.

 

[Andromathis]

It is imperative that you always minimize the negative consequences that may result from negative emotions.

 

[maureen lewis]

A trader should always have control over his emotions while trading if emotions are out of control then things may go wrong trader may trade more which may impact his profitability and can incur huge losses so tarder should always be focussed nad never became so exciting while trading that he lost control over his emotions and as well as on trading.

 

[Zeenat shein]

No having control over emotions will let you take wrong decision as well as will give you loss from market.

 

[sophia.crooz]

Following emotions isn’t the wisest decision. Approach trading with a cold logical mind, and step away when you feel like you are surrendering to emotions rather than viewing things objectively. Sitting in front of the platform and checking charts trying to find a signal to buy or sell because you are eager to trade will make you fall and that is entering random deals.

 

[Hannah]

The disadvantage of not having control over emotions in trading is very clear you will end up losing and regretting it.

 

[vicjon1995]

No control over the emotions is definitely a disaster when it comes to trading.

 

[hk_09]

A second of emotional outburst can make you take the worst decisions while trading. Got to stay away from them.

 

[sevenone]

have a good emotion is needed to meet your dream come true in forex trading, if you do not have it believe me you are still going to heal, and late or no you will arrive at it

 

[Dora_WalletInvestor]

I completely agree that it is important to learn how not to let our emotions affect our trading. Fear, greed, anger and revenge are all things that can negatively affect the profitability of our trading.

 

[Petrick Liman]

I've been trading for just a few weeks and i can see how emotions affect my results... more than the strategy, lol)

 

[danielbro]

When you do not control your emotion, you are easily misled by, let's say, greed when you are making profit or revenge when you are making losses - these are your cloud judgement and as a result, you will make losses no matter how the outcomes are.

 

[Azalea]

I am very new to this and I am constantly anxious and easily distressed when I realize I made the wrong move. A very long way to go.