Exercise Fourteen: Managing Emotions After Big Profits
When you make a good profit on a trade, feelings of excitement, overconfidence, or the temptation to enter more trades can put you at risk.
💡 How can we manage our emotions in these situations?
1️⃣ Take a break after a profitable trade:
When you close a winning trade, step away from the charts and market for a few minutes.
2️⃣ Don’t fall for the illusion of control:
A big profit can make you feel like, "Now I know exactly how the market moves!"
But remember, the market is always unpredictable. Stick to your strategy.
3️⃣ Review big wins carefully:
After a major win, always ask yourself:
🔹 Was this profit the result of solid analysis and planning?
🔹 Or was it just luck and favorable market conditions?
💬 Have you ever made a mistake after a big win? How do you deal with these temptations?