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Dopamine and Cortisol: The Psychology of Trading
$Broadcom (AVGO.US)$
Trading isn’t just about numbers and charts; it’s also about managing your emotions, driven by dopamine and cortisol.
Trading isn’t just about numbers and charts; it’s also about managing your emotions, driven by dopamine and cortisol.
1. Dopamine (The Reward Hormone):
Released when you make a profitable trade, giving you a sense of accomplishment.
Risk: Excessive dopamine can lead to overconfidence and impulsive trades.
Released when you make a profitable trade, giving you a sense of accomplishment.
Risk: Excessive dopamine can lead to overconfidence and impulsive trades.
2. Cortisol (The Stress Hormone):
Released during losses or market uncertainty, creating stress and fear.
Risk: High cortisol levels can cause panic selling or hesitation to take opportunities.
Released during losses or market uncertainty, creating stress and fear.
Risk: High cortisol levels can cause panic selling or hesitation to take opportunities.
How to Manage These Hormones in Trading:
1. Stick to your trading plan to avoid emotional decision-making.
2. Take breaks to clear your mind after a stressful session.
3. Reflect on your trades to balance emotions and improve strategies.
Key Takeaway:
Mastering your emotional responses is just as important as mastering technical and fundamental analysis.
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Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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Hi There, I do teach people simple TA for trade at a lower price, do pm me for more details
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