A trader explains how emotional control keeps you from losing money. The core idea: stick to your plan instead of chasing market moves. Panic and impulse trades are what sink most traders.
Trading emotionally and then fighting with your emotions, learning how to control them. It's no, and this is what I teach, is to learn how to trade in a manner that your emotions aren't coming up. You're just in a naturally emotionally calm state, so you can think clearly and make good decisions. You're not getting tempted every time you see a market move. Go chase the trades, or you just lost, and then I gotta get payback and all that kind of stuff. So, no, your emotions stay settled down, because now you're operating from a position of knowing and confidence and calm and peace of mind, and it makes all the difference in the world. So if you're sitting there thinking, you can just find a magic strategy and it's going to fix everything. To know, you got to know how to execute consistently.
