Skillsfirst Level 3 Certificate in Introduction to Financial Trading (RQF) - UNIT 1: Principles of financial trading
Skillsfirst Level 3 Certificate in Introduction to Financial Trading (RQF) - UNIT 2: Principles of Financial Planning and Cash Flow in Financial Trading
Skillsfirst Level 3 Certificate in Introduction to Financial Trading (RQF) - UNIT 3: Understanding financial trading techniques

ACCEPT YOUR EMOTIONS

Dealing with our feelings is facing, accepting and working through them. We will always have emotions, so we have to learn to deal with them. If repressed, they will find a way to come out as in depression, anxieties, panic, etc and will de-motivate us.

A lot of the time, people do not want to feel what they are feeling. They may be ashamed, guilty, or in denial of these feelings, or they just do not like a certain emotion. For example, you enter into a trade you are convinced is sure to make you money, the trade goes onside then reverses against your position, you failed to re-asses the trade and now you are sitting further offside, which is way off your risk parameters, yet you still watch convinced that it will come back in your favour, after all how could something you were so sure about go so horribly wrong? Eventually you get out for a loss, and you stare in disbelief at the screen wondering why the market has treated you this way, you curse the market, blaming it for your mistakes. Now you may try to suppress these feelings, and be in denial of your mistakes. If you ignore them, or blame the market maybe they’ll go away, right? WRONG! The chances are small that your feelings will just leave you; you’ll most probably be feeling terrible about yourself, plus, a buildup of pent up emotions leads to stress and reckless trading.

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