Page 64 - All Psychology Course PowerPoint Study Session Slides

Control Your Emotions

Goals:

Know What Triggers Your Negative Emotions:

1) Don’t run from these emotions, feel them
2) Where to they originate from
Realize Emotions Cause Irrational Inconsistent Trading:

1) Getting out to trends to soon – Fear Based Mindset
2) Can’t “Pull The Trigger” – Fear Based Mindset

3) Impulsive and inconsistent entries & exits – Fear & Greed
4) Emotions can override your trading rules – Fear & Greed

Action Steps:

1) When feeling emotional, ask yourself, why you are feeling this
way. Identify if it is fear or greed based.

2) Apply the “Action Steps” in slide #7
3) If you still feel emotional, take a break, do another activity until
you regain emotional balance. This maybe going for a walk,
exercise, taking a drive, going out.