Emotional Roller Coaster
Trading can be one of the most exciting, nerve wracking, maddening, giddy and scary things you ever experience. The emotional highs when trades are “in the money” can be tremendous. However, the lows when your trade is losing can really affect your emotional well-being to the point of making you ill.
Not every trade can generate a profit and that’s fine. How you manage yourself and your trades is the most important aspect of successful trading. There is an expression that revolves around getting “married” to a trade.
Ironically, people become emotionally involved with their trades and won’t get out of a losing trade. This is actually counterproductive. The thought is, “If I sell it now, I take a loss. Maybe if I hang onto it, it’ll come back”. What if it doesn’t? Do you want to blow up your account on a single trade because you wouldn’t close it?
Understanding self awareness of trading emotions and psychology by having the oversight to control them is your best asset. Using a proven system can help mitigate those extreme responses and is a fundamental requirement for effective trading.
We can help
Taking the Stonehill Forex Advanced Course will help you identify those emotions and give you the tools to better equip yourself through the development of a system which works for you. At the end of the course, you will have a much better understanding of what they are. You will also be able to lose the baggage and, best of all, lets you focus on what is important – creating wealth.
Sign up for the advanced course HERE – you won’t regret it!
Our only goal is to make you a better trader.
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BTW – Any information communicated by Stonehill Forex Limited is solely for educational purposes. The information contained within the courses and on the website neither constitutes investment advice nor a general recommendation on investments. It is not intended to be and should not be interpreted as investment advice or a general recommendation on investment. Any person who places trades, orders or makes other types of trades and investments etc. is responsible for their own investment decisions and does so at their own risk. It is recommended that any person taking investment decisions consults with an independent financial advisor. Stonehill Forex Limited training courses and blogs are for educational purposes only, not a financial advisory service, and does not give financial advice or make general recommendations on investment.