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Trader’s Emotional Playbook: Conquer The Market With Confidence

It is important to manage emotions when trading through mental discipline, trading plans, and other strategies to maintain a clear and objective mindset.

Emotions in trading are an aspect of the trading process (winning and losing money does that to people), but controlling them is vital for long-term success.  Letting your emotions run wild can lead to impulsive decisions negatively impacting your performance. 

Trading can be an emotionally charged activity, and understanding the common emotions so you can be prepared, is important.

This post originally appeared on Netpicks.