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The Cure for Emotion
"Those who lack self-control will find it difficult to progress."
We all struggle with FOMO. But the great traders are not those that never had these emotions, but they are the ones who have learned to control these emotions.
I have been reading from the Bhagavad Gita a lot lately. And this is one quote I have been reading over and over again.
“It is true that the mind is restless and difficult to control. But it can be conquered…through regular practice and detachment. Those who lack self-control will find it difficult to progress…but those who are self-controlled, striving earnestly through the right means, will attain the goal.”
If we are to become better traders, emotional control is at the core. When we lose a trade, do we have the control to learn from it and move on? Or do we frantically look for another entry into the same trade, or another trade, out of emotional instability?
Do we even recognize that this emotional instability is creating actions in us that we would otherwise not take?
Self-Control is a Process
It is a difficult process, total self control. To be the best traders we can be, we will have to learn it, layer upon layer.
But the light at the end of the tunnel is success. It’s a distance to reach this light, but success in trading is a goal worth reaching for.
It all comes through practice, but we must be able to recognize the negative actions before we can control them.
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