I have been trading binary options for several years now, and to be honest, half of the losses were not due to strategy errors, but due to emotions. When a series of failures occurs, logic switches off and excitement switches on. I recently came across an article that describes this state as if from a textbook. I recognized myself: thetraderchick.com
I especially liked how the tactics for managing emotions are described. Not just “don’t be nervous”, but specific methods: breathing, pauses, focusing. The article is about how trading is not only about numbers, but also about your internal stability. I recommend it!
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