Explanation of Chapter Seven – Managing Emotions in Trading – from the book Trading in the Zone by Mark Douglas:

Emotions are the main reason for the failure of most traders, especially fear and greed.

Fear leads to:

Hesitation in entering good trades.

Closing the trade early before achieving full profits.

Greed leads to:

Holding onto losing trades for too long.

Taking uncalculated risks.

Controlling emotions requires:

Developing strict mental discipline.

Committing to a pre-defined trading plan.

Accepting that losses are a natural part of the trading process.

✅ The goal is to reach a mental state called "the zone," where emotional influences fade away and decisions become calm and calculated.

In summary: Controlling emotions does not mean eliminating them entirely, but managing their impact on decisions and ensuring that the mind makes the decision, not the momentary feeling.

Continues.....

#USNonFarmPayrollReport #MarketPullback #BTCvsETH #ListedCompaniesAltcoinTreasury #RedSeptember