Why Should You Master This Skill To Sustain and Succeed In Trading

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There is no denying that your emotions play a crucial role in your success while trading in the global markets. But many novice traders understand this concept in an entirely different way. They believe that making trading decisions by being absolutely emotionless will help improve their decision-making process. They can’t be more wrong. 
Profitable traders are not emotionless. They are emotionally tough and stable. That is one crucial aspect that differentiates amateurs and professional traders. Many renounced psychologists believe that “emotion” is a crucial factor in increasing performance. When you take out the emotion from the picture, sustainability in anything becomes impossible. 
Therefore, you need to go through and experience a range of emotions to become emotionally tough eventually. Unless you do that, achieving a supreme level of performance becomes impossible. Having that said, negative emotions like self-doubt, fear, and anger can sabotage your trading. Failing to manage these will restrict you from doing what you are really capable of. 
This is when you must be emotionally flexible. It is the ability of a person to be open and true to themselves. Typically what people do in a time of crisis is to escape from reality and be defensive. For instance, if your trade fails and you lose about $1000, what would you do? Do you avoid the problem by blaming it on the market, strategy, your mentor, etc.? or do you get into the root cause analysis on why the trade failed by taking the blame on you? 
If you are the latter, you will eventually be a winner. It is important to go through emotions like fear. But it is more important to overcome those emotions by replacing them with positive emotions like curiosity, enthusiasm, and humor. Eventually, the winners are the ones who have a creative approach to solving a problem rather than being stuck in any of the negative emotions. Getting past those emotions is only possible when you are open to experiencing and inculcating a wide range of positive emotions. This is exactly what I call emotional toughness and flexibility. 
Finally, make sure to stay connected with your positive/negative experiences, try always to remain positive, and quickly bounce back from any bad experience. This will enhance your trading performance and help you lead a happy, guilt-free life. 

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