Emotional Intelligence

emotional1

Dictionary meaning of emotional :actuated, effected, or determined by emotion rather than reason
Dictionary meaning of intelligence : the faculty of understanding

If you are a trader already and have money in the stock market then you know how you react or respond when your trades don’t happen the way you want them to. It is just a matter of learning from your trades and not being attached to them. It is a good idea to have some money to donate so that when the market hasn’t gone your way, you know that the loss is not really a big deal and that you can make it back.
If you happen to react and start kicking and screaming and feeling sorry for yourself, then you have not learned the lesson. If this happens you can make some bad choices. Rather, if you respond and change the way you view the situation, you will do even better the next time.
If you are trading for cashflow, then you really have to have a plan in place. I am not here to advise you on your rules for trading as everyone eventually finds the way it works for them. It’s like learning anything new, you try a system and then tweak it to suit your personality.
So its a little like when you are in your car driving along… do you focus on the bugs on the windscreen or on your destination? If you let the little things in life get in the way and focus on the trades that didn’t go your way, that’s what you will keep on getting. Take charge of your emotional intelligence today and focus on your destination with a sense of certainty. You will be a whole lot happier on your journey

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