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There is no single formula for success for trading in the financial markets. Think of the markets as being like the ocean and the trader as a surfer. Surfing requires talent, balance, patience, proper equipment and mindfulness of your surroundings.
A simple truth of trading is that markets are often moving sideways, neither trending up or down. It’s in these sideways market conditions that traders do the most damage to themselves.
Every trader at one point or the other feels like searching for the solution to the question – How to control emotions when trading? We know that emotions are the biggest impediment to our trading success, but then also we let our emotions run our trade and sometimes end up in big losses.