HOW TO MANAGE YOUR EMOTION IN TRADING? - PRO STOCK TRADING

Monday 19 February 2018

HOW TO MANAGE YOUR EMOTION IN TRADING?

1. POSITION SIZING
Avoid risk management rules and start trading with heavy position in markets which make them emotional traders.
Always trade with position size which will not make you uncomfortable even when you hit losing streaks in rows. REDUCE POSITION SIZE UNTIL YOU GET THAT RISK ACCEPTANCE.

2. TRADING JOURNAL
PLEASE RECORD YOUR ALL TRADES (WITH EMOTION TRIGGERS). Record every emotional triggers which make or tends to make you emotion trader.like heavy position, market swings, stoploss hit , trading environment etc.
At the end of week, Find ways to minimize this emotional triggers.

3. TRADING PLAN
PLEASE , PREPARE YOUR TRADING PLAN. Define every action clearly in it. Just Try it and you will know your calmness levels improved significantly.Plan everything before entering trades.

4. DISCIPLINE
TRADERS HAVE TO FOLLOW THEIR TRADING PLANS STRICTLY.

---WATCH VIDEOS FOR MORE TRICKS TO MANAGE EMOTIONS-------


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