Why emotion is fatal
• The market moves in ways that provoke our fear and greed
• Reacting to that provocation always drags toward 'buying high and selling low' — emotion points in the same direction as loss
The three big emotional failures
• Fear (cannot stop out) · Greed (cannot take profit) · Impatience (chasing) — all three overwrite the plan with the mood of the moment
Block it with structure, not willpower
• Emotion is not beaten by willpower — preset criteria (Set & Forget), breakeven stops, and a daily trade-count limit leave no room for interference
• A trading journal exposes repeated emotional mistakes as data and shuts them off
Where people slip
• They lean on willpower with 'next time I will hold back' — what protects is not a resolution but a rule
Success is the result of habit (rules), not willpower. Carry out the principles like a machine.
In the last 7 days, which day was your worst emotional trading, and which emotion was behind it?