Market volatility is often a direct reflection of the sentiment of market participants. Therefore, we often say that investment should be invested first, because managing and controlling emotions is the most important thing for successful trading; if you cannot control your emotions, your whole life will be injured by emotional impulses from time to time.
So, how do you develop self-control in trading? Three efforts are required:
understand the concept of emotion
Emotion can be understood as a state of physical and mental excitement that occurs when an individual is stimulated. In addition to joy, anger, sorrow, and joy, it also has states of doubt, dissatisfaction, disappointment, depression, anxiety, and curiosity. Everyone can experience the occurrence of emotions, but it is difficult to control the physiological changes and behaviors caused by them.
Understand the types and expressions of emotions
In our transactions, there are roughly two types of emotions that can affect the success of transactions, one is positive emotions, such as enthusiasm, hope, confidence, optimism, perseverance, etc.; the other is negative emotions, such as fear, hatred, anger, Greed, jealousy, pessimism, despair, revenge, superstition, etc.
Traders with positive emotions will overcome one difficulty after another in learning and trading, regard failure as a temporary and unexpected result, and regard it as a challenge in their own development process, and can learn from failure study. If you suffer a loss, you can return to the trading position with vigor and unwillingness to fail, or you can formulate and follow a trading plan in the transaction, consistently adhere to your own trading system, and continuously improve the trading system every day.
Traders with negative emotions lack reason, refuse to accept reality, blame others for everything, etc. For example, because of fear, you cannot realistically evaluate the facts in front of you, and you can completely focus on the dangerous side, resulting in the following traps: selling after the price has fallen for a long time; missing the best buying point; selling too early, etc.
At the same time, people with negative emotions also regard failure as a negative, major, and final result, and attribute failure to failure caused by their own inadequacy, weakness, or negligence.
Understanding and developing self-control
1. The meaning of self-control ability
Self-control ability is a kind of ability that people are good at controlling their emotions and restraining their words and deeds in daily life and work. In terms of pedagogy and psychology, it is an important aspect of non-intellectual factors or non-intellectual psychological qualities. It is a kind of conscious active force of people, mainly referring to a special initiative to control the subject itself in the transformation of the objective world.
Self-control ability cannot be understood as negative self-restraint. It is an internal psychological function that enables people to consciously regulate themselves, actively dominate themselves, eliminate interference, make the subjective properly coordinate with the objective, and adopt reasonable behaviors to eliminate Pursue good behavioral effects.
In trading, we can see the following two situations. One is to act willfully, without understanding and trying to control one's own behavior, which mainly exists in the junior and intermediate stages of trading learning; second, although subjectively wanting to control one's own behavior, Even after making up their minds many times, they still can't control their behavior in action, which mainly exists in the middle and advanced stages of trading learning.
Such a result occurs because our emotions, desires, interests and other factors are spontaneous. If they cannot be processed by the self-control mechanism, they will act willfully and act according to their feelings, and a kind of irrational behavior will appear. , and eventually deviate from the track of correct decision-making, unable to achieve the expected results. Therefore, only the ability of self-control can ensure that our trading activities are always on the track of benign operation, so that we can actively, persistently, stably and orderly achieve one transaction goal after another.
2. Cultivation of self-control ability
① Clarify your life goals and trading goals. Have a clear understanding of what to do and what not to do, and make your actions serve your goals. For example, which aspects of stocks and futures have attracted your special attention? How interested are you in trading? Is trading a casual hobby, or is it a must to climb to the top? How much do you know about this field? What resources or information can help you? How much time do you want to spend on trading learning and operation? Do you have enough time and energy to guarantee it? Can you tolerate long-term losses?
② Practice superb trading skills. There is a saying that goes well: practice makes perfect. If we can freely use our own skills in trading, it will naturally be much easier to control our mentality.
③ It is necessary to develop the habit of "saying what is right". Of course, this does not mean stubbornness or rigidity, but that the cultivation of self-control requires a firm will. If you trade according to the trading plan, today's work will be finished today. We must always overcome laziness, negativity, evasion, greed and other shortcomings, consider everything in the long run, and do not give up the future for the immediate one.
④ Have a strong sense of responsibility. Although trading is personal, your emotions and trading results involve more than yourself. On the one hand, your anxiety and troubles will affect the people around you, on the other hand, your impulsive trading will bring great harm to your relatives and friends. Think about which of our original transaction purposes was not to make ourselves and our families live better? Therefore, no matter what kind of difficulties and blows you encounter, you must not forget your responsibilities in order to remain strong and sober in the face of pressure.
⑤ Widely make friends with pioneers and successful people from all walks of life. Use resources such as books and the Internet to find people who are in the same direction as you and ahead of you, and then spend more time with them. By learning from the experience of the pioneers and successful people, we can understand how they spent those thrilling and painful days, and what kind of beliefs and behaviors can make them stand proudly despite the scars in the battlefield. In the sea of people!
⑥ Develop the habit of daily observation. Because contemplation can help us calm our emotions and enhance our concentration, so that we can better understand ourselves, restrain ourselves, and improve ourselves. For junior watchers, the location chosen during watching should be guaranteed not to be disturbed, and the watching time should be about 15 minutes.
In a word, self-control ability can be cultivated through the day after tomorrow, but it should be noted that its cultivation method is not a one-time learning, one-time use, one-time effective, and immediate effect. This training process will be long-term and systematic, and you must be mentally prepared for it and not give up halfway.
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