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The fundamental principles of trading anchors in the ability to overcome certain emotions. Many traders would have succeed in trading but their emotions have reduce targeted goals.
While some emotions are simple to overcome, others are extra difficult at first stage of battling it.

The capability of controlling emotions can easily prove a trading student success within a short timeframe. Trading emotions is psychological challenge that one have to overcome by practicing on demo before venturing into real trade. It’s a daily effect that must be managed properly.

6 common trading emotions

Fear:
The first common trading emotion is fear. This emotion reduce a trader’s confidence immediately it sprang. Fear of loss can lead to delay in entry which will result in less profits or even a loss when the trader finally open the trade. Closing a trade early another proof of fear.


Greed
It is an emotional challenge that always result in total lost of funds. A trading with an aim of accumulating more profits within a short time is evidence of greed. Refusal to close a trade early in order to avoid reversal is a greed. Greed can result in lack risk management consideration.

Setting daily pips target is another form of greed emotion. Although many traders embark on this rough play, it is not a proper action because some days, the market will not be favorable.


Impatience
I choose to use the word impatience to replace Fear of missing out (FOMO) because of it is simple to understand even without reading further.

Waiting for confirmation on a trend before diving into the trade is very important. Many traders always refuse to confirm a breakout of their resistance and support because of they lack patience. A trader must try to deal with this emotion in order to remain in profit.


Boredom/tiredness
This psychological issue seems impossible but it is common among most scalpers. Boredom leads to sleepy feelings and any trader that can’t avoid it during trading hour is liable encounter loss because of mistakenly sleeping off.


Distraction
Trading in an environment that distracts focus is wrong. Scalpers should avoid distractive mediums such as; discussion and television etc should be avoid. Distraction can lead to using of a wrong lot size I.e big etc. If a trader feels like keep his/her self awake using a media, an audio medium is a nice option.


Revenge trade
It’s unfortunate that most upcoming traders refuse to accept a not all time profits trade phenomenon. They always try to retrieve their little loss immediately without considering the risk by refusing analyzing the chat properly.
Revenge trade is another foundation of losing funds.

Conclusion

Aforesaid, the above emotions must be dealt with in order to retain success in trading career. The success of a trader does not only anchor on analyzing chat. Emotions is mandatory.
Remember, a dollar profit is better than risking your capitals.


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Good luck to us in that have embark on the long journey of trading.