What psychological emotions does the trader have when misjudging?

Trader, when misjudging, will have the following emotions, out of order because each trader will feel in a different order:

1, Anger: This is usually the first emotion when a person sees the market not following his judgment, sometimes the anger peaks.

2, Ego emerges: people always believe that they are right and that other people or things are wrong. That is called the individual ego. Everyone has this ego, and often wrong traders will turn to blame the market, not themselves.


3, Hope: if a trader does not set a stop loss or a stop loss manually, then hopeful feelings will wait for a wrong judgment. The trader hopes that the market will turn around and stay on track, but often that's just a vain hope.

4, Fear: When hope, people will fear that that hope will not come true, that fear will grow larger and haunt them.

These are all negative emotions that heavily affect a trader's ability to trade, and if they are still influenced by these emotions, the trader will not have good trading results.


Factors that cause emotions when getting wrong

Here are the factors that cause the above negative psychological emotions:

1, Too focused on making money, the primary goal is to make money: Making money is the biggest reason they trade, they see everything through the lens of money. They take profits early to have money on hand as soon as possible; They expect a loss trade to turn around because they don't want to lose money; They think more trade will make more money so they trade too much.

2. Psychological rejection will lead traders to believe that they are among the top 10% of the profitable traders in the market, that they were born to be traders. Rejection can prevent traders from seeing a trend because they believe that shouldn't be happening.


3. Ownership bias causes traders to see only what they want to see, if they are buying they will only see bullish signals, otherwise if they are selling they will only see bearish signals.

4, Due to the big ego: do not accept that oneself may be wrong, and insist on sticking to a past false assumption without changing.