_{Assalamu Alaikum,
Hello everyone,
I am @afrinn
From #Bangladesh}

Assalamu Alaikum how are you all Alhamdulillah I am fine and healthy today I will talk to you about the subject in the competition I hope you all like it so let's start the competition. I will fully share with you all the ideas I have on the competition.

Identifying Emotional Triggers in Trading Discuss common emotional triggers (eg, fear, greed, overconfidence) that affect traders. Give examples of how these emotions manifest during market movements.

Identifying Emotional Triggers in Trading Discuss common emotional triggers (eg, fear, greed, overconfidence) that affect traders. Give examples of how these emotions manifest during market movements

source

• In trading, emotions like fear, greed, overconfidence etc. have a big impact on traders. If these emotions are not controlled by traders, they have bad effects on them, viz

• Fear: Fear is when a trader has more chance of loss than profit. In the case of traders, they start the business with fear. When a trader buys goods at a high price.
  If suddenly the price of its stock falls, then there is a lot of fear in the business because there will be a possibility of loss. But a trader should always keep in mind that the stock price will rise and fall and never forget it. As traders, you can't be afraid and worried about the highs and lows of stock prices.

• Greed : Greed destroys human life
  People shouldn't talk about anything. Especially today's businessmen are affected by excessive greed. I saw some time ago what shop we have in our village
  We eat all the remaining things and wear the money at the end of the month. In the case, I have seen shopkeepers and traders have charged interest on each of our items. We never expected this. Believed to have eaten the rest of the store from the man.I listed on a piece of paper how much our store had left at the end of the month. My shop billed more than that and the shop-others' prices were always higher. Later we started to think that businessmen are very greedy. But not all businessmen are the same. But I think excessive greed is not good in business or any other matter.

• Overconfidence: Overconfidence causes us harm as well as good.
  Many of us traders sometimes become too nice to the seller. If we believe them, many people sell the stock, sometimes the rest and sometimes at a lower price. Due to overconfidence, he faced great losses. Because not everything is done in a certain way, analysis is important for every trade. Confidence is how we transform ourselves. Just as bad turns into nothing more is good.

• Fomo: It's an emotion. When a trader is getting good results. Some people get jealous. It is always the wrong decision. It is normal for traders to be profitable sometimes and sometimes not.

• Panic Selling: When people start new businesses. Then there was fear and panic in him
  remains Life never goes on with fear. Sometimes some new traders sell expensive stocks at low prices out of fear. and thinks that he may not achieve anything good. Stocks cannot be sold. That is always a wrong decision.

• There are some strategies to avoid losses:-

• Emotion control: Emotions never lead to profit in business. Always work conscientiously as in business
  An improvement can be achieved.

Share strategies for overcoming psychological barriers Psychological barriers such as fear of missing out (FOMO), loss aversion, or overconfidence. Use examples relevant to Steem/USDT trading.

source

• Psychological barriers to trading, such as FOMO, fear, greed, overconfidence, etc., can be overcome by mastering certain strategies. Strategies for overcoming emotional barriers are discussed, including examples of STEAM/USDT trading.

• Fomo: fomo mental state and distant thoughts. Sometimes anxiety comes to our mind unconsciously. When some people see some traders making extra profit, anxiety comes to their mind. As a result they cause confusion. And controls his stock in the wrong way.

• Coping Strategies: Controlling Emotions:
  We must always remember that there is more chance of loss than profit in business, but we must keep hope in our hearts that if there is a loss now, we must keep in mind the fear of profit next time. No decision should be taken too soon. What needs to be done should be thought ten times. That's because business should always be done with head and knowledge.

• Loss Aversion: Some traders cannot accept small losses. They are not at all willing to accept small losses in the hope of extra gains.* For example:
  In some cases such as raw material trading. If it is brought at the wholesale price of Tk 500, in that case they earn Tk 15 Tk 20 per kg.
  In that case, they sit hoping to gain a lot of money, as a result of which the hope of gaining some money may be wasted. We have to accept small losses. Failure to comply may result in greater losses.

• Coping strategies: Emotion regulation
  Small losses should be accepted and so that future small losses seem insignificant to them. And if these small losses are accepted, there will be no major problem for traders. And all the time
  If stroke value is 50 then 40-35 should be in between.

• Learning from losses: Every man has setbacks. So man can never move forward without stumbling. So from loss people acquire good education and move towards success

• Overconfidence: Overconfidence always leads people down.
  People are overconfident and for whatever reason they forget whether the decisions they are making are right or wrong

• Ways of prevention: You have to remember to make your own decisions. Don't be overconfident about the work and you will stumble yourself. Learn to make decisions

• Emotion regulation

Developing a Trading Routine Propose a daily or weekly trading routine that includes psychological preparation, such as journaling trades, setting realistic goals, and practicing mindfulness.

• A disciplined routine is very important to run a business successfully. Below is a weekly and daily trading routine:-

• Morning:-

• In the morning you will do some work of your house and open your shop around 9 or 10 am following law and order.

• As far as I know selling stock at fair price will surely bring success. Because excessive greed is not good. Every businessman needs to stand by the helpless people. Stocks that you always oversell. Maybe you will benefit a lot. But we will suffer a great loss. As a result, we will be forced to go from one store to another. As a result, you will lose.

• Avoid taking excessive risky decisions. Correct rules must be followed.

• Afternoon: In the afternoon, you must count the money notes. And the place where you keep the money should be very convenient. So that the money at night
  Avoid theft.

• Mid-week: Stay at home if you are sick. Spend time at home unless absolutely necessary. And do business in compliance with law and order if absolutely necessary.

• Friday: We all have this day off. Office Court School-College. In that case, I would say to businessmen, like everyone else, spend one day a week with your family. You will see that the mind is much better.

Case Studies of Emotional Trading Analyze a hypothetical or real-life scenario where emotion led to a significant trading mistake. Explain how mental discipline can prevent harm.

source

• A case study of emotional trading is presented below:-
  Life never goes by being emotional. I will share the story of one of my uncles here. My uncle was very enthusiastic about other people's business. As a result, he sold some of his land and gave a big shop. As a result, the shop spent lakhs of rupees. My uncle has been running the shop for quite some time. The shop was running normally. But my uncle had no attitude to run such a shop. My uncle suffered from excessive greed. As a result, he was very broke because of no additional income every month. And out of anger he gave the shop to another person. As a result, I now see that it was not right for my uncle to do such things in anger. It is a rule that those who are new in business will go towards business improvement.

• Patience is required for improvement

• It should be remembered that no one ever gets extra profit in the beginning of the business

• Anyone who wants to start a business needs to be patient. If it can be profitable

• My uncle could not choose the improvement path today due to his hot temper

• So I will tell everyone here to start business with a cool temper and maintain law and order, inshallah you will get success

Building Resilience in Volatile Markets Discuss how to build mental resilience to handle high-pressure trading environments, including strategies for staying focused in volatile situations.

• Strategies for maintaining emotional resilience in volatile markets are discussed below:-

• Building mental resilience:-

• One can never control oneself in the wrong way. A successful businessman must always remember that to get good things one must have patience.

• No matter what happens in your life you never fail to make the right decision. Remember it is a source of your life.

• If you want to continue in life, you will have to face various dangers. However, you must remember that you can never make a wrong decision. Life is your decision. Whatever you do, do it carefully.

• I have seen some people make wrong decisions and lose business income
  Overspent.

• No matter the situation, you have to keep yourself calm.

• Follow a specific plan

• Don't listen to what people say. The business is yours so you should make the right decisions and launch the business as you wish.
  I will invite some of my friends here. We are steemian friends so inviting some of us has no harm but some gain. So here I express some of my creativity. Hope everyone likes it.

---

Information The friend

---

@kouba01
@ashkhan
@alejos7ven
@lunasilver
@stef1

Thank you for reading my blog.

Thank you

Photography	Me
Location	Bangladesh 🇧🇩📷
Device	OPPO

From #bangladesh
@afrinn

Allah Hafeez