We can’t ignore or control our emotions. They just happen as a reflection of the interaction with the environment. We need to learn how to deal with them. This skill is called emotional intelligence and starts with introspection—the ability to observe and understand ourselves Some people perceive money as something good, others as something terrible, and thirds as a necessary evil. Some people want money; others need it. We take these different emotional states into account. When we lose or make a profit, these emotions come back multiplied and hit our minds like a boomerang. For me, to deal with that, I need to replace these emotional states as I perceive money as what money is: a medium of exchange, storage of value, and financial assets. The other way to deal with my emotions is to focus on the process, not the outcome. For me, trading is not a money-making process; it’s a decision-making process. It’s about the perceptions. We don’t trade financial markets; we trade what we believe about financial markets.
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