Learning to control your emotions is a vital skill from "summary" of Mastering Trading Psychology by Mike Baehr,Andrew Aziz
Emotions play a significant role in trading. They can make or break a trade, leading to either success or failure. As a trader, learning to control your emotions is crucial for your long-term success in the market. When emotions are left unchecked, they can cloud your judgment and lead to impulsive decision-making. This can result in losses that could have been avoided if a rational approach was taken. Mastering the skill of controlling your emotions involves being aware of how you feel and understanding the impact those feelings can have on your trading decisions. By recognizing when emotions such as fear, greed, or excitement are influencing your actions, you can take steps to manage them effectively. This can be achieved through techniques such as deep breathing, ...
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