Trader has to make several complex and swift trading decisions day in day out. In order to achieve this with a certain amount of accuracy, traders need good mental balance. A lot of times emotions get in the way of the trader making him deviate from his established trading plans which include predefined targets and stop losses. At times, traders end up incurring huge losses as they are unable to manage their emotions during a trade.
That’s probably the most important thing in trading. The capability to control emotions is the very essence of trading. If you are able to suppress your growing fear and enter the market, you have a real chance to become a professional trader.