How much does emotion affect trading?

Emotion is one of the factors affecting traders' behavior in financial markets. Emotion affects a trader's ability to make informed and logical decisions, and avoid common mistakes such as fear, greed, and anger. Emotion plays an important role in the trader's psychology, and the trader must recognize his feelings and control them effectively. Here are some tips for trading without emotions

- Develop a clear and specific trading plan, specifying your goals, strategy, criteria for entering and exiting trades, and managing risks.

- Follow the trading plan with discipline and consistency, and do not deviate from it due to being influenced by news, rumors, or other opinions.

- Analyze trading performance periodically and objectively, and evaluate strengths, weaknesses, opportunities and challenges.

- Continuously develop trading skills and financial knowledge, and benefit from available educational and analytical sources.

- Maintain good physical and mental health, and stay away from trading when tired, stressed or emotional.