$WCT Fear of Loss (FOMO - Fear of Missing Out): This is what makes you open trades "constantly" or "at market-close levels." You fear missing a movement, which leads to impulsive decisions and unreasonable stop-losses.
* Greed: It manifests in the desire to "open large positions" or "widen stop-loss" after a series of failures, hoping to quickly recover.
Here are some strategies to help you cope with these emotions:
Create and adhere to a trading plan.
This is the foundation of successful trading without emotions. Your plan should include: Clear entry and exit points: Where and why are you opening a trade? Where and why are you closing it (whether it's a take-profit or a stop-loss)?
Determine the maximum percentage of your deposit that you are willing to risk on a single trade (for example, no more than 1-2%). This will help you avoid the temptation to open large positions.
Identify which time frame you are trading in.
Use pending orders: If you are prone to impulsive entries, use limit or stop orders.
Do not chase the market: If you missed an entry, just wait for the next opportunity.
Record each trade: the reasons for entry, exit, volume, as well as your emotions.
