has taken its toll for over a year, and all of a sudden the second-largest derivative exchange collapsed. FUD spreading across the industry, people panic selling and losing a lot of money – a perfect example of emotions involved in trading.
By managing your emotions, you put yourself in a position to trade objectively based on an objective analysis – which is bound to positively affect your profitability. Let's dive into how you too can manage your emotions, and boost your trading success.The first step towards managing your emotions is to recognize the emotions for what they are, and learn what they are telling you.
Similarly, greed often happens when you are in a winning trade and have made significant profits – it will make you want even more. Oftentimes, this is precisely the moment to take profits, as the risk of losing profits exceeds the potential for further gains.
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