the no.1 enemy being "Lack of a fixed Trading System which u follow day-in and day-out without asking any questions".
but here, let's have a look at the root cause of emotions:-
fear
greed
comparisons
expectations
peer pressure
mental accounting
fear of loss
denial of reality
desperation
memories and experiences
criticism, fear of criticism
appreciation, yearning of appreciation
poor self-image
over-confidence
news, news channels
experts
...beware of all these
"Individuals who cannot master their emotions are ill-suited to profit from the investment process" - Benjamin Graham
"Investors should remember that excitement and expenses are their enemies." - Mark J. Perry
Fear paralyses you and Greed pushes you in the trap. It is critical to keep both these pet hounds locked in the other room when you are trading.Traders should be emotionless machines trading on the decisions taken as per some algorithm (system).
emotions don't let yout take the RIGHT decision.
There is always 50% chance of winning in share trading. Because it will either go up or go down, no third direction. So why is it that people lose more than 50%? Why do people profit small and lose big? -- It is because of emotions. We are our biggest friends as well as foes. your emotions got you into this trade, that's all, don't take these inside.Prayers and Emotions have no place inside stock market.
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