Emotions play a major role in trading from "summary" of Trading in the Zone by Mark Douglas
The ability to manage our emotional responses while trading is a critical factor in determining our success or failure. Emotions can cloud our judgment and lead us to make irrational decisions that can result in significant losses. When we allow fear, greed, or overconfidence to dictate our actions, we are no longer in control of our trading. Emotions can cause us to deviate from our trading plan and strategy, leading us to make impulsive decisions based on short-term fluctuations in the market. This can result in a cycle of emotional trading where we chase losses, take unnecessary risks, or miss out on profitable opportunities.
To become a successful trader, we must learn to recognize and manage...
Read More
Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.
