Trading is not just about numbers and charts. It’s also about managing the emotional roller coaster that comes along with it.
As someone who has experienced the highs and lows of trading first-hand, I understand the importance of emotional resilience.
In this article, I will share seven tips to help you effectively manage your emotions while trading.
Whether you’re a seasoned trader or just getting started, these strategies can help you navigate the emotional challenges that can arise on your trading journey.
1. Plan ahead and strategise
Trading requires careful planning and preparation. Rather than making spontaneous decisions driven by panic, fear or the common fear of missing out, create a clear plan of action before entering into any trade.
You need to understand the thesis behind your trade; the “why” behind a decision. You also need to understand that it’s OK to be wrong.
Accepting that you are wrong (in either direction or timing) and moving on from that is a massive step forward in successful trading that most people simply will not adjust to.
You need to have a well-defined thesis of the reasons why you are entering into a trade (technical knowledge, fundamental understanding, your friend or someone you like on social media said so). And you need to know ahead of time how you’ll know if you are right or wrong.
A basic trading plan should include entry and exit points and risk management strategies.
2. Keep a trading journal
Maintaining a trading journal is an invaluable tool for self-awareness and improvement. Document your trades, strategies, successes and failures.
By reviewing past entries and getting into “why” you entered a trade, you can identify patterns, assess your emotional state in different market conditions and learn from your experiences.
This analysis will enhance your self-awareness and help you make more informed decisions based on lessons you have learnt.
Additionally, keeping a journal can serve as a source of motivation during challenging times, reminding you of your growth and resilience.
3. Identify your triggers
Understanding your personal triggers is key to managing emotions effectively.
For me, one of the biggest triggers is Fomo – fear of missing out. I love looking into the future, so any new shiny object or idea excites me. This has been both a blessing and a curse.
Take the time to reflect on what situations or events cause you to make irrational decisions while trading or investing. Is it market volatility, unexpected news, a potential breakout or something else?
Once you identify your triggers, you can develop strategies to mitigate their impact. This could involve implementing additional risk management measures or adjusting your trading strategy.
4. Assess your risk tolerance
Knowing your risk tolerance is crucial to maintain emotional balance while trading.
If your trades consistently push you beyond your comfort zone, this is likely to generate heightened emotional reactions.
Evaluate your risk tolerance and align your trading activities accordingly. Awareness of your limits will enable you to make more informed decisions and prevent emotional impulses from dictating your actions.
5. Embrace emotional resilience
In trading, losses are inevitable. What sets successful traders apart is their ability to bounce back from setbacks and persevere.
Cultivate emotional resilience by acknowledging that losses are part of the game. Embrace a growth mindset and learn from your mistakes.
Developing emotional resilience will help you navigate the ups and downs of trading with confidence.
6. Use technology
In today’s digital age, trading platforms offer a range of tools and insights to aid your decision making.
Take advantage of these resources to enhance your trading experience.
7. Embrace continuous learning
The market is constantly evolving and traders must adapt to stay ahead.
Embrace a mindset of continuous learning and growth by analysing the notes you have made in your trading journal and make adjustments.
Ask yourself and industry experts questions, connect with fellow traders and expand your understanding.
Trading platforms offer a range of tools and insights to aid your decision making
Matthew Carstens,
director of product experience, amana
Continuous learning not only enhances your trading skills but also builds confidence and reduces anxiety and fear.
Stay updated on market trends, explore new strategies and be open to evolving your approach based on new insights.
Remember: Knowledge is power. Staying informed will help you to manage emotions more effectively.
Managing emotions in trading is a continuing journey. Embrace the process of self-reflection, plan and use technological advancements to support your trading decisions.
Remember, emotional mastery takes time and practice. With patience, perseverance and commitment to continuous learning, you can develop the emotional intelligence necessary to be successful in the dynamic world of trading.
Matthew Carstens is director of product experience at neo-broker amana
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Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
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Two stars
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
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The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
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- Promises of high, fixed or 'guaranteed' returns.
- Unregulated structured products or complex investments often used to bypass traditional safeguards.
- Lack of clear information, vague language, no access to audited financials.
- Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
- Hard-selling tactics - creating urgency, offering 'exclusive' deals.
Courtesy: Carol Glynn, founder of Conscious Finance Coaching
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- Torrijos Palace dome
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- 1908: 100-metre meteor from the Taurid Complex explodes near the Tunguska river in Siberia with the force of 1,000 Hiroshima-type bombs, devastating 2,000 square kilometres of forest.
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What the law says
Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.
“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.
“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”
If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.
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