How to better manage the emotional aspects of trading decisions?
Yes, it's completely normal for anyone with emotions and a sense of well-being to feel left behind at times. I’ve felt this way before, and I appreciate it because it pushed me to focus on myself and address my emotional weaknesses. Here’s how I coped and regained my sense of direction and motivatioRead more
Yes, it’s completely normal for anyone with emotions and a sense of well-being to feel left behind at times. I’ve felt this way before, and I appreciate it because it pushed me to focus on myself and address my emotional weaknesses. Here’s how I coped and regained my sense of direction and motivation:
1. Self-Reflection: Initially, I doubted myself, but I used this opportunity to reflect on my personal goals, strengths, and passions. This made me realize that everyone’s journey is unique and comparison is unproductive.
2. Set Clear Goals: I calmed myself by setting specific, achievable goals. I created a step-by-step routine and treated myself after each completion. This turned my overthinking into productive ideation. Self-love is essential in this process.
3. Seek New Perspectives: I surrounded myself with positive books, nature, and people. Talking to myself with inspiration and motivation uplifted my spirit and provided new ways of thinking about everyday things.
4. Continuous Learning: I dedicated time to learning new skills like baking, pottery, and painting. This expanded my concentration, improved my capabilities, and boosted my confidence, turning my soul into a joyful, childlike one.
5. Celebrate Pros and Cons: I acknowledged my failures as lessons and celebrated learning from them. Physical activities helped maintain a positive mindset. Remember, achievements don’t always mean success; sometimes, they are life-shaping lessons.
These strategies helped me regain control and move forward with renewed purpose. Staying in touch with friends, family, and mentors provided constant emotional support and valuable advice.
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People start trading lured by the prospect of making a lot of money. But the truth is stock market is the toughest place to make easy money. Each trade is a test of your emotions. So you need to keep an eye on your greed, fear and pride to ensure making profits or lose less and to minimize the impaRead more
People start trading lured by the prospect of making a lot of money. But the truth is stock market is the toughest place to make easy money. Each trade is a test of your emotions. So you need to keep an eye on your greed, fear and pride to ensure making profits or lose less and to minimize the impact cost. Here are some tips to better manage the emotional aspect of trading decisions-
Trading offers its own rewards regardless of winning or losing. So focus on the journey not the destination. You will feel more fulfilled and trade effortlessly.
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