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Emotions In Trading

For many traders emotional trading is a problem and it stops them from being consistent in the market. We see what causes emotional trading in this article and I share six steps to greatly help reduce it, or stop it entirely.
Emotions in trading have always been one of the main causes of losses, and at the same time − the main driving force for all types of money. Remember the classic idea: buyers push the price up because of greed, and sellers sell because of fear of losses?
It still works perfectly in any market.
Popular training materials on market trading almost do not pay attention to managing emotions. This is understandable: any broker is the first participant in the trading process, which is vitally interested in having you leave your deposit to the market.
That is why most newcomers, especially those who passed the super-fast and super effective training in various brokerage kitchens, remain psychologically unprepared for trading. And even good technical training will not help such players save their money.
Assessing and reacting to market risk is one of the most important things you’ll have to do as a trader. Sadly, human being as a whole are so mediocre at this task, investors and traders reliably make decisions that economists consider “irrational.”
So obviously these are commonly more referred to as emotional trading.

Six Steps to Help You Stop Emotional Trading Financial markets are a by-product of modern era and, in the grand scheme of things, our brains have evolved over millions of years for survival out in the open. They haven’t had the time to get good at making sound and perfectly rational financial decisions.
We have brain processes; an emotional one and a logical one that are constantly competing against one another for our future expression in the market. And normally, for the trader that has little to no market experience, who trades money they can’t afford to lose, or who has a short fuse overall, the stage is set for an incident.
But also more seasoned traders tend to make emotional trading decisions that they consider stupid in hindsight. Perhaps less often than inexperienced traders do, and with minor consequences, but those errors do happen.
Many a times, although we know with the logical part of our brain that we will get better results if we follow our trading rules, so many of us do exactly the opposite, despite clear knowledge of what we should do.
We remove stops, we cut winners short, we go in with too big of a size… I mean, we’re clearly not purely rational beings ― and we can’t be because that would make us robots, not humans.

In fact, our inability to be purely rational is the work of the emotional part of our brain, the limbic system ―and it’s not tied to logic.
The limbic system is tasked only with identifying threats and rewards. It is evolutionarily primitive, it is strong, fast, and more importantly, it is very difficult to ignore.
Occasionally, to suppress that emotional part of your brain, may be a tempting thing for you. Above all, in trading, you hear this all the time: “Control your emotions!” So naturally, you think that if you could do that, you’d finally be consistently profitable in the market.
But, not only is it impossible to fully ignore our limbic system, it’s actually undesirable, and for a very simple reason: if we can’t feel, we can’t decide.
And, at the same time, there’s a fine line. You don’t want to feel more than you think because when you do, this results in compulsive, reckless behaviors that end up costing you a lot.
So, what’s the solution then?
First, it’s important to remember that the emotional part of our brain is very powerful. It will force a decision until the logical part of our brain intervenes.
But the emotional part of our brain easily overpowered the logical part of our brain because its weak..
For example, majority of the traders know how to trade – they know how to read charts and manage risk, but they can’t trade profitably because the emotional part of their brain is strong. When trading, it anticipates joy from profits and being right, and pain from losses and being wrong, and it seeks to go towards or away from those feelings at all costs.
And, that emotional part of your brain, the limbic system, likely doesn’t hear the protests from your neocortex, the logical part of your brain that knows the better way forward.
So, in order to become a better decision-maker and a better trader overall, you need to remember that always.
And secondly, you need to find ways to create more harmony in your mind so that your two main brain processes are not in this constant tug of war.
Below are six steps to help you achieve all this and stop emotional trading.
Step 1 – Understand Your Trading System Make sure you understand your trading system, its strengths and limitations, and what it will help you achieve in the market if you are the trade it consistently.
This will give you the confidence to follow it through good and bad.
This has to be the first step, above anything else.
Step 2 – Trade with Money That You Can Afford to Lose When you are taking risk, you’re actually doing so with the expectation of earning something in return. At the same time, you must also think of the money you’re risking as already lost.
So you should be happy while taking that risk knowing that the money is already gone because the trade idea is worth a try.
If you do that, then it’s a good risk.
If you’re worried about not being able to make ends meet because of that bet, then it’s a bad risk, and you should think twice about placing that trade. Because if you don’t, you will only conserve emotional trading.
Definitely, needing money and trading is possible, but it would take some serious strong mental discipline. Most people don’t have that.
Step 3 – Bet Small It’s very simple: By keeping your risk small, you’ll get to place a lot of small bets with big reward potential.
And, because you’re risking less, it’ll be easier for you to make more rational decisions while keeping emotions and ego out of the way.
But perhaps more importantly, by risking less, you’ll get stay in the game, and by staying in the game you’ll get to learn and develop an expertise.
Step 4 – Reduce Your Trading Volume When Things Are Going Poorly
This one is also pretty straight forward: you want to push the gas pedal when it’s easy for you to make money and release it when it’s hard for you to make money.
Reducing the volume of your trading when you’re not doing very well will help decrease the possibility of emotional trading.
Step 5 – Be More Aware of The Ego Trap
The best way to become more aware of your ego and the traps it tends to set up for you is to meditate.
Often, people think meditation that is hard or mystical, but it’s fairly straight forward.
Practice this: Take a few minutes to sit still, and focus on your breathing – the air coming in and out at the level of your nostrils.
Notice when your mind wanders and kindly return to observing the breath.
Of course, there are lots of other ways to meditate, but this is easy and simple, and it shows you how to watch your thoughts, feelings, and urges that come up, and see that you don’t need to act on them.
At first, you might not be good at this, but that’s why you practice. And, while you get better and better, you will learn to handle yourself better as a trader, that means that emotional trading will be more under control.
But meditation is not the only way to develop self-awareness. In my opinion, it’s the most effective way, but it’s definitely not the only way. Writing, for example, can also be a wonderful ally as you work on developing self-awareness.
Step 6 – Make Your Wellbeing Your Top Priority The final technique for creating harmony in your mind is to make sure that you’re well-rested, well-fed, well-hydrated, at peace with yourself, and as much as possible under little to no financial pressure.
The logical, executive part of our brain is very sensitive to little things like that.
It doesn’t take much to impair our judgment.
If you’re about to make a difficult decision about risk, first eat a granola bar, drink some water, and check how you’re feeling.
If you’re tired, get some sleep. The market is not going nowhere, but your capital is, if you trade with compromised mindset and carry on with emotional trading.

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Ego in Trading

There is something about yourself that you may really not know. Something that you will deny even exists in you until it’s too late to do anything about it. It’s among the reason you rise up in the morning, the sole reason you suffer the shitty boss, the sweat, the blood and also the tears. This is because you would like people to understand how attractive, good, generous, wild, funny and clever you actually are. “Fear or revere me, but please think I’m special”. We share an addiction. We’re approval junkies. We’re all in it for the pat on the back and the gifts. The “hip, hip, hoo-rah.” check out the clever boy with the badge, polishing his trophy.

Because we are all human, we do not want to accept that we are wrong about anything, including trades. The ego wants to uphold a perfect version of ourselves allows nothing more but successes not failures. Many traders collectively lose many dollars trying to guard the ego’s version of reality. Our goal should be to trade without ego.

“The greatest enemy will hide in the last place you’d ever look.” Caesar 75 BC

You must recognize what’s keeping you from taking your trading to another level. The majority of the time, it’s your ego. How many times have you made a great trade and walked away with your chest puffed out thinking ‘I am the greatest trader in the world?’

“The only way to get smarter is by playing a smarter opponent.” Fundamentals of Chess 1883

The market always reminds you the person in charge. Try to always use same way to approach each trade, ditch each previous trade when entering a current one. Reset your mind and expect to lose money on each trade, and this could assist you recover from the super-trader ego after a pleasant winning trade! Ego must be left out of your trading. Check your ego at the door, have a stop loss, and stick with your plan.

The ego may be a person’s sense of self-esteem or self-importance. The ego is a mental construct that can be both on a conscious and unconscious level. An ego is that the self-concept that an individual tries to guard and keep safe from pain and destruction. A trader has got to trade the maths and their own trading system and abandoning signals and their trading plan in favor of their own ego may result in stubbornness, self-delusion, and big losses.
Most market predictions are ego based. A trader wants to be ready to say they called a top or a bottom or had an excellent stock pick. Signal and system-based trading may be a path that removes the necessity to predict you simply react.
Stubbornness is an emotion that flows from the ego as it does not want to be proven wrong. Many times, this results in letting a losing trade still run against a trader. Egos do get trouble taking stop losses because they hate to be wrong.
Egos lock into being bearish or bullish and let their opinions lead their trading. Following the particular price trend creates better odds of success than having an opinion on what should happen next.
You should not let trading consume your entire life. The markets should be just one of several belongings you neutralize life. A diversified life outside the markets with friends, families, hobbies, learning new things, and staying healthy will assist you keep perspective during losing streaks and draw downs in trading capital.
A profit and loss statement can not define your self worth. Your profits are more of a mirrored image of whether the worth action is conducive to your method currently not whether you’re an honest trader or not. Your egos have got to be determined by whether or not you followed your trading system with discipline, consistency, and risk management.

Don’t Mistake Self Belief with Ego
I think we trade the markets but we hinder ourselves much of the time in various different ways including with our egos. The trouble is, self-belief and conviction can easily be confused with what is actually ego. But self-belief and conviction, once you have grasped a greater proportion of the day to day realities of the markets you trade, are of course what can make you a great trader. But also, self-belief and conviction can also be mistakenly misplaced from a different profession or endeavor into trading, where the game can be quite different. You will see a very new trader with potentially fantastic attributes to trade, shrivel up and shy away from the personality that may have made them one day, a highly successful trader.
Therefore my belief is to be successful in trading, either be a confident thinker about all these psychological aspects combined with market dynamics, or don’t even think about ego at all. Just do what works and look after your account. There have many very successful traders in the past who weren’t necessarily the most academically gifted. Historically you’d see this in the pit. Ultimately for many of these guys it was about fight or flight.

Softening The Ego
No matter how robust your trading strategy or style is, if left unchecked, over time, your ego will wreak havoc in your trading account.
It will sneak up on you when you least expect it, and before you know it, you’ll be acting in destructive, in ways that you know are not in your best interest.
The easiest way to determine if your ego is at play is to ask yourself one of the following questions:
Do I need my analysis to be right?
Do I have fear when I initiate my trade?
Am I attached to the outcome of this trade?
Do I feel disappointed when I take a loss or a series of losses?
Am I having trouble letting my trade work without constantly checking each and every fluctuation in my PnL?
If you answered “yes” to one or more of the above questions then it’s likely that your ego is in the driving seat.
But what can you do to keep it under control?
But first, there are a few serious things that you can do:
Keep your position size small.
Make sure you understand your trading system and what it’s attempting to do.
Understand probability theory–the basics.
Those 3 steps are essential, but they only help keep the ego in check to a certain extent.
The next step is awareness – you need to start to become more aware of when your ego is playing up so you can stop it before it’s too late.
In order to cultivate awareness, it helps to do some self-inquiry work.
So, self-concern sits at the root of almost all ego-related issues.
We tend to take things personally because our subjective point of view refers everything back to us —hence, we think losses or being wrong (for instance) say something about ‘us’, or threaten ‘our’ survival.
To change that, we must learn to see reality more objectively, without that constant self-reference.

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Cases and Deaths by Country or Territory

The coronavirus COVID-19 affects 213 countries and territories round the world and a couple of international conveyances. • On January 30 CDC confirmed the primary US case of human to human transmission. • Germany, Japan, Vietnam and therefore the us have reported cases in patients who didn’t personally visit China, but contracted the virus from somebody else who had visited Wuhan, China. These cases of human to human transmission are the foremost worrisome, consistent with the WHO. • Wuhan (the city where the virus originated) is that the largest city in Central China, with a population of over 11 million people. The city, on January 23, pack up transport links. Following Wuhan lock down, the town of Huanggang was also placed in quarantine, and therefore the city of Ezhou closed its train stations. This means than 18 million people are placed in isolation.
How long it takes for symptoms to appear

Symptoms of COVID-19 may appear in as few as 2 days or as long as 14 days, 2-14 days, and 10-14 days, during which the virus is contagious but the patient does not display any symptom (asymptomatic transmission).

Age and conditions of Coronavirus cases

According to the WHO Situation Report no. 7 issued on Jan. 27: • The median age of cases detected outside of China is 45 years, starting from 2 to 74 years. • 71% of cases were male.

Does the Covid19 corona virus affect people who are older, or are younger people also susceptible?” According to WHO: • People of all ages are often infected by the novel coronavirus COVID-19. • Older aged people, and other people with pre-existing medical conditions appear to be more susceptible to becoming severely ill with the virus.
Patient who died within the Philippines was a 44-year old male
The patient who died within the Philippines on Groundhog Day, in what was the primary death occurring outside of China, was a 44-year-old Chinese man from Wuhan who was admitted on Jan. 25 after experiencing fever, cough, and pharyngitis, before developing severe pneumonia.
In the previous couple of days, “the patient was stable and showed signs of improvement, however, the condition of the patient deteriorated within his last 24 hours leading to his death.
Serious Cases of 30-year-old patients in France

As of Jan. 29, consistent with French authorities, the conditions of the 2 earliest Paris cases had worsened and therefore the patients were being treated in medical care, consistent with French authorities. The patients were described as a young Chinese citizen aged 30 and 31 years old, from Wuhan who were asymptomatic once they arrived in Paris on January 18.

The NHC reported the small print of the primary 17 deaths up to 24 pm on January 22, 2020. The deaths included 13 males and 4 females. The median age of the deaths was 75 and main from (48-89) years.

On January 30, the planet Health Organization declared the coronavirus outbreak a worldwide Public Health Emergency.

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Bottled Water Nigeria

Staying hydrated is one of the most basic, and vital, keys to a healthy life. Doing so improves nearly all of the body’s systems, helping the function of the heart, brain, muscles, and more, while simultaneously working to eliminate toxins and other harmful elements. In a world overflowing with wellness solutions, the only simple, easy, and effective way to stay in peak condition is by drinking 30 to 50 ounces of water consistently throughout the day. For over many years, Heart Water. has been your source for clean, great-tasting water and ice bukis! Providing bottled water service for clients in bukis and the surrounding areas. Whether you need bottled water for your corporate event or for upcoming birthday party, we’re the professionals to trust! Bottled Water Service Assisting the bukis Areas Husband and wife team Michael and Ylianna Dadashi are the brain behind Heartwaters, where they have been collecting and drinking rainwater in bukis for many years. They discovered that for every inch of rain, 550 gallons of water can be captured for every 1,000 square feet of collection surface. Currently, they are selling many cases of Heartwater Rainwater every day in and around the bukis area. Heartwater offer fresh, purified rainwater in a fancy aluminum bottle for your convenience! You can easily provide your family, guests, or employees with refreshing water by having it delivered right to you. Since they began delivering purified water to clients in bukis over many years ago, Heart Water. has expanded their service area to the entire bukis area! They are committed to providing their customers with clean, enjoyable water while simultaneously giving them the best possible service. Heartwater bottled water bukis delivery services are affordable, efficient, and convenient for residential, commercial, and industrial clients. The Water Factory Co. is proud to serve all your water and ice needs no matter the size of your order.

PURITY Heartwater is collected before touching ground, it stays free of elements that might alter its taste, which makes it a water of extreme purity.
SMOOTHNESS The totally dissolved solids, define the smoothness or heaviness of water. They measure the amount of dissolved minerals it contains, usually incorporated after touching the ground. Heartwater is labelled as extra-low, thus having a fresh, clean and delicious taste. NEUTRAL Heart Water is one of the naturally purest and most sustainable sources of water on the planet, made with heart down to the last drop. Directly from the clouds, Heartwater is labelled as neutral-basic, in other words: it is neither bitter nor sweet. YOUTH Heartwater’s age is very short. The time span from genesis to bottling ranges from days to a week, at the most, as opposed to “ancient” waters with ages up to hundreds of years. VIRGINITY The virginity shows how protected the water is at the place where it is obtained. At the same time, it refers to the levels of nitrate it contains. Nitrate is easily transported by water in the ground. It is liable to infiltrate due to heavy rainfall or watering in agricultural areas and, as a consequence, pollute the groundwater from where it is extracted. Therefore, Heartwater is nitrate free and of a superior level of virginity because it is captured before touching the ground, avoiding contact with nitrates. DOUBLE OXYGEN CONTENTS Heart Water contains 11.5 mg/l of dissolved oxygen, twice the average, since as rain water it is directly in contact with more oxygen molecules, compared to “motionless” sources. SODIUM FREE It qualifies as sodium free with its content of 1.05 mg/l.

Transparent, fresh and brilliant water. Very clean nose, aroma almost imperceptible. On the palate: light, fresh and friendly. Moves very softly, leaving a very nice, final sweetness. It is a type of water with low persistence in the mouth. Heartwater is proud to provide bottled water delivery throughout the Naija area, including and many more of the surrounding communities

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Bottled Rainwater

Bottled rain water has been the year-over-year success story in the beverage market. With the hydration beverage becoming the No. 1 category by volume at the end of 2019, bottled water has remained a steady performer. But bottled water’s success is not actually coming from the value-based segment as the premium and super-premium offerings expand their presence.

“It’s the best water I’ve ever tasted” says a taster in Austin Texas. Bottled rainwater is the newest innovation, or reinvention, in the purified bottled water industry.
Over the past 3 years, bottled rain water has been the biggest contributor to beverage category growth, as consumers are gravitating toward healthier alternatives and away from traditional sweetened beverages — and carbonated soft drinks, in particular.
Bottled rainwater is a growing trend among avid premium bottled water consumers.

That’s because bottled rainwater is supposed to be a “greener” alternative to other bottled waters. Rainwater harvesting is highly eco-friendly and has a lower carbon footprint than the processes used by conventional water bottlers. Rainwater catchments involve minimal processing. Rainwater is already pretty clean and does not require the complex filtration that chemically-treated water requires. Not to mention, many of these bottled rainwaters use ecofriendly packaging in the form of recyclable glass or biodegradable plastic. Heartwater is one of the naturally purest and most sustainable sources of water on the planet, made with heart down to the last drop. Directly from the clouds, even has 100% recyclable and reusable aluminum bottle, making it the world’s most sustainable water.

But is bottled rainwater really natural? Yes, it is natural, And I still think it’s got a long way to go to compete with filtered tap water. Putting something natural and eco-friendly inside of a plastic container (especially when it is in “aluminum” bottle) just seems better.
Bottling rainwater is an “elegant but simple solution to one of the world’s biggest problems, the key to providing access to clean rainwater is “not to let it get dirty in the first place.

Rain is captured via rooftops that drain into a low energy filtration and sanitation system. To be able to flush any contaminants that m be on the roof and other surfaces, a certain early amount of all rainfall occurrence is disposed. If the idea of rainwater sounds impure, consider this: it contains no chemical runoff and thus doesn’t require energy- and chemical-intensive treatment.
And rainwater is renewable, unlike groundwater which is already a finite factor of the water table. And while Heart Water is purified, it’s naturally cleaner than standards upon collection. “Overall, the environment works very well,”.

While taste is of some concern to consumers, rainwater stands tall with traditional bottled water and “has none of the after taste that most waters have,” says one taster from Pittsburgh. This taste may be attributed to the no mineral content found in rain water, which is nitratefree. In remote, and unpolluted parts of the world, rainwater harvesting for drinking purposes has taken hold.
Heart Water is taking a stand against the epidemic that is hurting our environment especially the human population. Demand is beginning to grow as hotels, cafes, and grocery outlets as far as Austin, Texas are ordering the bottles online at

Despite its holistic approach, bottled rainwater is still a business, and Heartwater and other entrepreneurs have a long haul if they hope to match the US$7 billion industry. Nevertheless, the use of rainwater over groundwater for drinking purposes is a monumental achievement in the sustainability category. Catching water before it hits the ground and applying various purification techniques requires a degree of expertise, but considering the alternative consequences, you can put a “spigot on a cloud instead of a pump in the ground.”