A trader's mental and emotional state accounts for at least half of their ability to be successful in trading. In a given day, trading can be an emotional rollercoaster for many traders. One might experience feelings of excitement, thrill, achievement, and adventure on one side of the spectrum and stress, fear, disappointment, and greed on the opposite side. In trading, there are no guarantees. No one can predict the market or where price is going; however, many believe they can, and when price goes against them, that's when it can be difficult to control ones emotions.
With all of that being said, is it normal to be feel stressed when trading? The answer SHOULD be no, but the reality is that many traders are affected emotionally and mentally by the outcomes of their trades. When you trade with your emotions, that's when those feelings of stress, fear, disappointment, and greed start rising to the surface. And when that happens, it will almost always have a negative impact on your trading results.
So how do you manage your emotions when trading? How do you not let those doubts and fears make a permanent home in your mind? The answer is simple: you create and follow your trade plan. When you have detailed rules that outline qualified trade setups, entry and exit parameters, and trade management, you have created an objective process for your trading. You can remove your emotions, and instead, just focus on executing your plan. It's that easy!
Have you been stressed out while trading lately? Do you want a proven and successful trade plan that you can follow each and every day? If you answered 'yes' to either question, you will benefit from using my Optimized Forex Formula. Get instant access below.