How to Overcome Emotions in Trading (Greed & Fear)

I wonder if anyone has experienced continuously placing orders, only to be stopped out repeatedly, but when your emotions collapse and you hesitate to place another order, the market moves in the direction you initially anticipated. Then you regret it, resolve to be brave and take larger positions next time, or widen your stop loss to hold on, only to find that things have gotten worse.

Erroneous behavior is influenced by emotions and market conditions.

Trading at similar price points in the market, constantly thinking about placing orders, and then stopping out (Have you thought about the reasons? Review your trades and try to articulate the reasons.)

1. Try to step out of your current trading cycle and look for a larger trading cycle.

2. In your order placement indicators (learn to use double confirmation to reduce reliance on gut feeling when reading charts).

3. Allow yourself to make mistakes, reflect, and review; do not be too harsh on yourself to the point of mental breakdown.