In today’s episode, we will be breaking down the emotional cycle that traders must understand in order to deal with the challenges that they will face in the live markets.
Different market cycles tend to challenge the emotions of those traders and investors that choose to participate.
In fact, these market participants are the reason that these market cycles exist; because traders are human and humans are emotional beings!
Fear and greed drive the markets so not only do we have to learn how to control our own emotions, but we also have to recognize what the collective crowd is thinking.
By understanding how the collective crowd thinks and reacts during certain market cycles, we can start to read market sentiment a bit more clearly and even learn to identify our own emotional states with more clarity in the real-time.
So what are the emotions that make up the stages of the cycle that we will be discussing today?
You will walk away from this episode with a deeper understanding of each stage of this emotional cycle so that you can easily identify where you stand at any point in time and implement a means of managing the emotions that are present.
In This Episode You Will Learn
