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When trading in the stock market... when real money is on the line, have you ever felt like your emotions were in control of you? Most traders preach that you need to remove your emotions from the market... the truth is, this advice is simply impractical for us humans. In this video, I'm going to explain how to control your emotions and how I did it when I started day trading as a beginner 7 years ago.
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#daytrading #stocks #emotions
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 873,965
🎁Get my FREE Journal + Watchlist: https://www.humbledtrader.com/free
When trading in the stock market... when real money is on the line, have you ever felt like your emotions were in control of you? Most traders preach that you need to remove your emotions from the market... the truth is, this advice is simply impractical for us humans. In this video, I'm going to explain how to control your emotions and how I did it when I started day trading as a beginner 7 years ago.
🖥️My Stock Scanners & News feed:
Benzinga Pro FREE 14 day trial (use code "HUMBLEDTRADER" to get 25% Off )
http://bit.ly/2KXeAqH
Trade Ideas Scanner (use code "HUMBLED15" to get 15% Off)
https://bit.ly/3rLAfp2
📉My Trading Broker Platforms:
Interactive Brokers: https://bit.ly/3bE82u4
Cobra Trading: https://bit.ly/3iNLqJq
Best broker for shorting stocks. Get 25% off commissions
✅My REAL Social Accounts:
IG: https://www.instagram.com/humbledtrader/
TikTok: https://www.tiktok.com/ @HUMBLEDTRADER
Twitter: https://twitter.com/HumbledTrader18
FB: https://www.facebook.com/HumbledTrader
#daytrading #stocks #emotions
DISCLAIMER: I am not a financial adviser nor a CPA. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: I only recommend products and services I truly believe in and use myself. Some of the links on this webpage are affiliate links, meaning, at no additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. Commissions earned will be used towards growing this channel.
Humbled Trader FAM count: 873,965
Have you ever felt out of control? Have you ever been so mad that you did or said something that you regretted later on? Have you ever felt like your emotions were in control of you instead of the other way around? Let's talk about emotions, i'm sure we all have felt this way before and today i'm going to be talking about how i learned to control my emotions over the last seven years. This is a story of my own personal journey, so you are going to hear me. Talk a lot about my profession as a day trader, but this message is really meant for everyone. If you ever read a book or watch the video on day trading, they probably talked about controlling your emotions so that you make smart decisions with your money.
They might have said something like don't act on anger, eliminate fear, learn to ignore your emotions, even stuff, your feelings away, deep down inside it's sometimes difficult to know whether you're reading a self-help book or a book on how to make more money. Maybe it's because they're not all that different, but what do all these tips have in common? They are simply impractical and even impossible to implement and from my own personal experience, there is a much better way to control your emotions. I'm going to explain how i did so in this video day trading is exhilarating. It's like a roller coaster ride when you enter a trade.
There is anticipation that the stock might take off to the moon from 10 to 500 and you might make more money than you ever dreamed of, but when a trade is going against you, you might think that your life is about to be over as a stock Plummet more than 90 percent, and sadly this is true, because people have ended their own lives over their losses in the stock market. A lot of people get into trading stocks for the money, but really they stay for the thrill of it. They get an emotional high when a trade is going well and they become addicted. The same way.
People get addicted to food, alcohol, gambling or drugs. They are seeking the hit of dopamine and despite losses from blowing up trading accounts from following chat room alerts. The addiction keeps them coming back. Most people will tell you to disconnect yourself from all human emotions so that you can make more rational decisions.
Basically, they want you to be awoken from star trek, as if you can somehow characterize your emotions technically, yes, you could disconnect yourself from your emotions. Just like psychology tells us that we can and guess what in the field of psychology, they call this a disorder. If people disconnect from their emotions, they also lose their connection to time, plays identity and, ultimately reality when they do so. This disconnect of emotions is often developed in response to a serious life trauma.
It merely is a coping mechanism that we could develop, especially as young kids, in order to deal with the problems in life that are too big for us to handle, because we were just children. But what is different now is that we are adults and not kids anymore. Now we have the power and the experience to choose. We have the strength to feel our emotions and still be okay. I know this may sound a bit extreme here. I know, but it is to prove a point: lots of advice in the trading industry or from your friends or family members believe that people can think their way through their emotions. They preach that you should separate your emotions from your actions and i think this is wrong. What i've learned is that you have to feel your way through your emotions.
Emotions are an integral part of the human experience. You cannot truly remove them. Nor should you imagine the joy of getting into a top university after months of studying for exams or falling in love for the first time or even the loss that you feel when someone close to you passes away by removing all of those feelings. Wouldn't that be robbing us of our true and genuine experience as humans, it's important that as humans, we allow ourselves to feel those emotions, even the bad ones.
You and i were strong enough to feel our feelings and come out the other end in one piece. You cannot just feel the good emotions and shut down the bad feelings. Yes, this is something we all learned from pixar's animated film inside out. At this point, you must be thinking.
I came here for the bad jokes, and now i got with this lousy talk and emotions. Well, how do you feel about that now see? I have plenty of bad jokes for you, okay, okay, one more to make you feel better. Why did 50 cents replace nickelback at the super bowl performance because of inflation? Okay, i know that was a bad joke. Please don't will smith me.
You came here to learn how to make money with trading and boring you with your feelings, but believe it or not. Being in tuned, not removed from your emotions is an integral part of achieving success in day trading and also in life, and i do know a lot about the subject, because i used to have an anger problem. I know i know i'm this tiny asian girl that loves to laugh at bad, jokes and likes to help others make money in the stock market. I can't be serious about having an anger problem.
Seeing me angry must be like seeing a little angry mouse, but that still doesn't mean i didn't have an anger problem. In fact, i had to go through anger management therapy and two years of counseling to deal with it. The point is, i really did have an anger issue and i believe it was rooted in my early experience as an immigrant from taiwan to canada. When i was little, i talked about this in detail in this video but in short, i had a lot of trouble.
Fitting into my neighborhood, and especially in high school, it was a problem that started out small, but over time it grew, bigger and bigger, and the more i bottled it up and avoided talking about it, the more it built until eventually it exploded, and i go crazy And destroy all the like buttons around me: the secret is, i'm always angry and it comes out if you don't smash the like button. I'm saying this because i've learned that you cannot truly bury your emotions away. If you do that, your feelings eventually could overflow in some weird way, because you bottle them up for so long. They will eventually explode. There are many ways this can express itself. It could be yelling at someone for something insignificant, excessive shopping, emotional eating drinking drugs or worst of all, revenge trading. Whether you realize it or not, your subconscious knows something. It knows that your bad feelings have to come out before the positive ones could enter, and these expressions are just some of the many ways that this could happen.
There's something called the anger iceberg that i'd like to talk about in the future. So if you want to see me make a video on this topic, let me know in the comment section below so we've established that you can't control your emotions and you can't just ignore your feelings. So what are you supposed to do with all these feelings, especially when they seem so overwhelming? This is going to sound silly, but we have to feel our feelings. We have to recognize our emotions as they come when i first started down this journey about managing my feelings.
It was to become a better trader in reality, though, it made me a better person which also made me a better trader. I'd like to share one of the exercises i used to do in therapy with you today to do this exercise start by making simple statements of, i feel blank at first. I thought this would be very easy and, frankly kind of stupid. Instead, i found out that i only had baby words to describe my complex adult emotions.
I was saying very basic things like i feel happy. I feel sad i feel mad. I know not exactly jane austen material now. Is it, however, through conscious efforts and pushing to state even more complex emotions? Eventually, i was able to describe my feelings as i feel relaxed.
I feel thrilled disturbed impatient, resentful overwhelmed and calm and, just like anything else, learning about your own emotions will take practice. I write down daily in an emotions journal, the same way, i'd keep a trading journal as well. In fact, there was a period of time where these two journals would go hand-in-hand together. I'd even make notes and track how i'm feeling, when i enter a trade to see if there were any patterns in making my trading decisions, it's through this journaling experience that it made me more aware of who i am, and why, with that awareness, i could make A more informed decision about my life choices as well as in the stock market.
I have another video that talks about this in more detail called how day trading changed my life by no means am i an expert in this field. However, i've made leaps in transformations with my own emotional control over the years by recognizing and embracing them. I still have a long way to go and i will continue to improve myself and that will be reflected in my daily life, as well as in my own trading journey, if you've also struggled with your emotions, such as anger or stress, i really hope that you Will share your stories in the comment section below i'd love to hear them, and i really hope that my story somehow made a positive impact on your journey. Thank you guys so much for watching. As always, i'm the humble trader and i'll see you guys next time. You.
I just want to let anyone who’s reading this, and going through a tough time know that it’s going to be okay. You’ll get through it! ✨
It very helpful for my trading and retired life. Appreciate so much. 🙏👍👏
Wow, you really take it to another level with your journaling expertise. Thank you for sharing!
I loved this video. For alot of reasons. Shay, you are so meta and real, its wonderful.
Personally, I don't control my emotions. I think that's the fun part of trading/investing and make fun of each other 😅
There is no bad joke, I love your lambo
Karen, Playing with my money is like playing with my emotions,
I really love your videos and appreciate your advice.
Be Water, My Friend.
Emotions is when u sell cause ur 😨 🙀 scared…I buy a deal 🤠🚀
Can you do meetup or talk in Vancouver? Or make a 华人教育😅
thanks for sharing
its hard to control emotions with all this volatility
I felt this. Thank you for helping us be more self aware.
Hi
I prefer your long videos rather than your shorts
first