InvestorQ : How important is it to control emotions in intraday trading?
Abhisha Yadav made post

How important is it to control emotions in intraday trading?

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Abhisha Yadav answered.
3 years ago
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Intraday trading has been a much-maligned subject in trading and broking circles. But that still contributes a chunk of daily volumes in the market. Try as we may, we cannot wish away its impact. The key lies in understanding and learning how to be an intraday trader more effectively. But the key take-away is that this game of intraday trading is all about knowing your risks, weighing your risks and finally, monitoring your risk.

As Jesse Livermore said, “Emotional control is the most essential thing in the game of trading the market. Never lose control of your emotions when the markets go against you. Never bask in the glory of your success, when the market goes in your favour”. It needs no reiteration that trading discipline combined with emotional discipline forms the cornerstone of successful intraday trading. Understanding this will be your first step to being a more intelligent intraday trader. That is a very good start for sure.

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