When we talk about being impatient or greedy, we are basically suffering from guilt and finding a reason to blame. The guilt may be unwarranted. Since 100% success is not achievable, we should accept failure or loss as it comes instead of trying to rationalise or analyse. Retrospective analysis is necessary, but if overdone, it can become non-objective and non-quantifiable. For example: Impatient and Greed are non-quantifiable. How long should one exactly wait? Or what return to expect? If the market proves you wrong momentarily, your psyche will throw yourself in on a guilt and blame trip and nag you of being impatient. If you exit too early out of fear or greed, your psyche will again send you on a guilt trip.
Fighting emotions is difficult. Emotions are built into the core of our neuronal circuits. In fact, we humans are known to make many decisions for the sake of achieving our emotional goals. We like to feel in certain ways and situations.
Given the inability to separate our emotions from our body, I think it is better to accept that decisions can be emotional, and they can be correct too. We should try and incorporate emotions into out trading plans rather than alienating our 'mind' from itself.
Fighting emotions is difficult. Emotions are built into the core of our neuronal circuits. In fact, we humans are known to make many decisions for the sake of achieving our emotional goals. We like to feel in certain ways and situations.
Given the inability to separate our emotions from our body, I think it is better to accept that decisions can be emotional, and they can be correct too. We should try and incorporate emotions into out trading plans rather than alienating our 'mind' from itself.
