In addition to assessing your overall mood, it is also important to identify the feeling of regret. Making a number of losing trades, we are sorry about this. Regret – powerful emotion, it is often stronger than fear and greed. Traders should be avoided at all regret. Feeling of regret makes us recognize that we were wrong.
It makes us feel guilty. We are immersed in the scenario 'If': 'If I did X or Y, I would not have lost. " Regret makes us feel uncomfortable. The easiest way to avoid regret is denying that you made the mistake of believing that we can regain all that lost. The problem with the departure of regret is that you take away their attention away from the problem. Peter Schneider Primerica: the source for more info.
You do not notice that something is wrong. You will not be able to see that the fundamentals have changed or you have changed Psychologically, or changed market conditions. In any case, it is better to stand aside than to continue to trade. When you receive a string of losses that you consider unjust, you will feel anger, you want to take revenge on the market. When you feel those emotions, most likely a way of avoiding subsequent feelings of regret for taking the loss. It is vital to stop trading at the moment. You have lost objectivity and are likely to begin to trade impulsively, unable to concentrate on the market. Accompanying emotion – fear. When you are afraid of the consequences of losing money, you also avoid regret. It is better to stop trading, to restore composure and get to work again with fresh forces already, maybe the next day. You should take active steps to minimize the feeling of regret. Neutralize these emotions, controlling your thoughts. When someone is sorry, he usually thinks: 'I had to do X, I – a bad man, just did not do X'. The truth, however, that the market – not predictable. You can not blame myself in hindsight. And, if you lost money because they do not have clearly defined trading plan or did not adhere to it, unfortunately not help you too. It can be useful when you need a little push myself, but much more useful to see a more positive outlook and think: 'Trading requires practice, the more I practice, the more I'm a one-time discipline which needs to be a profitable trader