Common Emotional Problems
1. Fear
Afraid of losing, so afraid to buy.
2. Greed
Price goes up but unwilling to sell.
3. Overconfidence
Thinking you're better than you are.
How to Control Emotions?
Method 1: Create a Trading Plan
Write down when to buy, when to sell, and your stop-loss before entering a trade.
Method 2: Set Rules
For example: check the market at most once per day.
Summary
Methods to control emotions:
- Make a plan
- Set rules
- Record your emotions