How can I control On My Emotions

@sonusd (1547)
India
October 12, 2010 12:44am CST
Dear Friends. I am a daily Trader in stock Market. But The problem is that I can not control on my self and making huge loss on every month. I do trading in option which has only 30 days to do trade, I make very good money in the first fifteen days,I get very good return with in fifteen days of my Investment but instead of withdrawing the Earned amount I invest all money again and in the next fifteen days I lost all the money. I know all the strategy but still not able to control of my emotion. SO please friends suggest m,e whether it is my foolishness,Eagerness to earn lot of money or what ever?
2 people like this
11 responses
@kodukodu84 (1576)
• Malaysia
12 Oct 10
It could be foolishness and eagerness at the same time. In my opinion, you have the dream to make so much money, then when you make a profit at the first 15 days, you find out that the amount is not enough yet and you will want to try to double it again. But if I was you, I would do it in a wise way. If I made a profit on the first 15 days, ok then I will keep half of the money and invest the other half again, and so on, do the same repeated method. So at least if you lost you next investment, you still have the half that you kept, means you did not lose it all. Good luck and have a nice day
1 person likes this
@mhypie03 (684)
• Philippines
26 Oct 10
I agree. A fair play can do the trick if you really want a continuously invest but also bare in mind that too much lose can bring more than emotional stress. Best of luck!
@savypat (20245)
• United States
12 Oct 10
It seems to me that you know what is wrong. Make it a game, put your winnings aside for a certian number of days so that you can make your choice with calmness. You win if you last the number of days and you loose the game if you can't leave it alone that long. You know your weakness so work to overcome it by giving yourself a challenge. Blessings
1 person likes this
• United States
23 Oct 10
The first thing you must do in order to control your emotions and to quit losing so much money is to STOP TRADING DAILY. You are trading too often. This allows you to get caught up in the drama, tension, greed, and fear of trading far too easily. Decrease your losses and maybe even make money by only buying or selling about once per month or less. This will allow you to spend much more time in study and planning your prospective purchases and sellings. You will as a result have more winning and fewer losing trades. My qualifications in giving this advice are that I've been investing in stocks for over 40 years. I mostly make money. I would never try to trade on a daily basis. This is because I've studied the feasibility of daily trading very throughly. In spite of using some very sophisticated alogrithms, I've NEVER found a successful daily trading method. Check out my web site on which you can also fing my email address for specific questions. http://fp1.centurytel.net/polydimensional
• United States
13 Oct 10
It sounds to me like your eager to earn more money, like an addiction, and know that you should withdraw the money, but don't want to miss a chance of losing out on more money. I would sugest having someone you trust, help you. Have them come and collect your earnings at lunch time, or call and remind you of what you could use the extra money for. Hope this helps, and if not, remeber,it's just a suggestion
• Philippines
13 Oct 10
On my very experience in business, i can share with you whats in my mind, when u are in a business. You must think first all of your responsibilities as a business man. know the techniques and strategies to win the success. but in that emotional situation. you must also use your charisma skills to your buyers and good attitude, so that you will have more income Because the best way of being a success business man is not just strategies and techniques. use also your great charisma and skills to win the heart of your buyers :)
• United States
13 Oct 10
I do understand how you feel.. It's just the same as my friend won big in casino and she wants more so play more and end up losing the money.! Maybe next time if you won triple on the amount you invested maybe you invest half and keep the half.. anyway, everyone wants more.!
@lira23 (210)
• United States
12 Oct 10
What you have to understand is that making money online or even in real takes patience and time, as human beings we are emotional and some can handle them better than others. There is absolutely nothing wrong with you and we all feel down in the dumps when we do not get our way and we feel that we are not earning enough to live, when you are starting to feel eager to earn just slow down and breathe, take your time and figure out something that will help you more as there are faster ideas in ways to spend it than earn it. Just remember that you are not a fool, you are just wanting to earn money and it takes time to do this, sit back and relax when you feel yourself getting too antsy and eager.
@AgentDas (97)
• India
12 Oct 10
Don't be so much greedy, you should need a good friend or partner who will stops you when you do the losses. I mean who stops you after first 15 days.......
12 Oct 10
If you wany quick money you should invest in something that is based on one industry, but if you want to invest longterm then invest in somethig bigger, a country for example, you can't make sucess without any luck. Wish you luck.
@RONDOLAWE (776)
• Indonesia
12 Oct 10
however so much lose its make everyone emotion if not so stress until go crazy but you must join to some comunity of that emotion control maybe and by the way is not your foolishness its nature for human
• China
12 Oct 10
Hey,I can share your feeling,because I have same experence as well. And I think that many people will meet this situation when they began to invest stock. Maybe its not a bad thing,you can learn that investment is not easy. You can communcate with some stock master and make a plan to invest again. Good luck.