"When I first entered the world of trading, I had a big problem with losses. Once I lost a trade, I would get frustrated and rush to compensate for the losses in any way possible, which led to random decisions and exacerbated losses. This behavior is due to a loss of control over emotions, which is common among new traders.
Over time, I realized that successful trading is not only about technical and fundamental analysis, but also depends largely on managing oneself and controlling emotions when losing or even winning. When losing, fear and the desire to compensate may push you to make ill-considered decisions, while when winning, greed and the desire to achieve more may control you, leading to excessive risk.
How to control your emotions?
1. Make a clear trading plan and stick to it no matter what the circumstances.
2. Do not trade out of revenge after losses, but wait until you calm down and re-evaluate the market.
3. Commit to risk management, and do not risk more than a certain percentage of your capital in each trade.
4. Always remember that trading is a long-term process, and losses are a natural part of it.
Tip: If you lose 3 trades in a row, stop trading temporarily And take a break. It is much better to come back to the market calm and thinking rationally than to make decisions under the pressure of emotions.”