🧘‍♂️Emotional Detachment

This guide delves into emotions and provides personal advice on viewing trading from a novel perspective, aiming to override inherent default patterns within our minds.

Good to know: Controlling your emotions is equivalent to 90% of successful trading. This topic is often underrated by new traders as they begin their journey, yet it holds the utmost significance.

The key factor lies in achieving emotional detachment from money. It's essential to observe your emotions objectively and refrain from making decisions solely based on them; instead, adopt a logical viewpoint. This challenge often surpasses the complexity of mastering trading strategies, and it's a primary reason for losses. People tend to pursue money, leading to fearful and anxious trading, ultimately pushing the desired outcomes farther away.

Does this topic seem somewhat absurd and abstract? In order to grasp its meaning, I ask you to mentally select the options below that resonate with you as you make a trade at the present moment:

• After placing a trade, there are times when I immediately regret my decision.

• At times, I can't help but feel like a victim of the market.

• There have been numerous instances where I find myself in a profitable trade and recognize that the movement has essentially concluded, yet I still hesitate to secure my profits.

• Frequently, I feel compelled to make a trade due to the fear of missing out.

• After losing a trade, I feel the urge to trade again in an attempt to recover my losses.

• After winning several trades in succession, there's a sensation of having figured it out and securing success for life.

By now, you should already have an idea of whether you've managed to control your emotions based on the number of options you've selected.

We recommend that you acknowledge and practice the following pieces of advice we have for you. After a certain period of time, return here and review those options once again to assess your progress.