9 Answers
<p>Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also need the discipline to stick with their own trading plans and know when to book profits and losses. Emotions simply can't get in the way.</p>
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<p>It is difficult to get away with the trading. Holding open positions can increase the amount of stress. Day traders should try and limit the exposure and keep the stress at lower level.</p>
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<p><br>The more routine your trading activities the less emotions you will feel. The highs and lows start to fade as time goes by. After you gain experience, and you are used to winning and losing the highs and lows you had when you first start trading start to diminish. You gain a more realistic “in the moment” mindset and you are more patient and accepting of your trading activities. You then start to focus on developing yourself and you look forward to refining your trading and not what happens to each individual trade.</p>
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<p><br>It comes down to a simple principle. Any emotion you are unwilling to feel will find a way to express itself in you life, or your trading life. Unwilling to feel shame? Get ready, because for sure you will do something inexplicable to make you ashamed. Its a simple solution, feel your feelings and don't deny them.</p>
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<p><br>Emotion is taken completely out of trading if you follow your trading rules. When the market meets and completes a rule…Enter the Trade. That didn’t take much emotion, did it? I trade using dojis, Double Top and Double Bottoms, Candle formation and Advanced Patterns. If one of my rules completes, I trade. Except in a situation like the FOMC statement today. That’s one of my rules. There wasn’t any emotion about the Announcement, I just didn’t trade. I know this is a worn out saying, but every trader should follow it. Plan your Trade and Trade you Plan. It’s pretty …</p>
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