Trading Psychology
Without self control and emotional stability, traders can make impulsive decisions based on emotions rather than sticking to their trading plan. Share your personal stories here.
I keep seeing all these screenshots of people making crazy profits on the Forex market, and it's seriously messing with my head. I end up jumping into trades without enough planning, and of course, I lose. Need some advice on how to stay disciplined and stick to my trading plan.
How do you handle the psychological side of trading? I feel like my emotions are all over the place sometimes, buying at the top, and selling at the bottom! I'll burn through my trading account's equity soon if this carries on.
You guys ever notice how tempting it is to buy when prices are soaring? I mean, it's hard to resist the hype!