"The more we feel, we don't have much time, we fail to control our emotions"
These days we live in fast paced environment. We need everything to happen quickly. Our thoughts are build in a way that we want things faster / sooner in life to enjoy it. Emotion towards physical things / money needs to be controlled to get those in a better fashion. Everyone including me wants to make money to be financially free but are we controlling our emotions, greed and accepting the reality to get those ?
When we fix a target and run behind certain things desperately we fail to re-collect what exactly we need and want in life. The same is applicable in making money. Most people don't have any control over their emotions in stockmarket investing and trading and lose money instead of making money.
"Fix your Entry, Exit and Time to control your Emotions"
There should never be any emotion towards our holding positions. In the art of making money, we should only consider the profitable in business and capability of the business to take the price to our exit levels at the speculated time.
If we do not fix the exit price and time to the holding position we will keep looking at the stock price movement and forget the capability of the business / stock we are holding and in some point of time, we will exit the position much sooner with less money or might exit in lose.
If there is no plan on exit price and time given to the stock while buying it, we plan not to control our emotion. This will lead to uncontrolled mind and create unnecessary noise in our brain to make unwanted decisions.
Hope this blog gives you information on controlling our emotions in making money.
B G Nareshkumar
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