Emotions that get in the way of trading:

- Greed
- Fear - REGRET
- Hope
Man is an emotional creature and this is his nature. In trading, there is practically no place for emotions, especially such as fear and hope. Unfortunately, traders often make decisions driven by fear or with illusory hopes. These emotions consume the trader and influence the decision to buy or sell the stock.

The fear of a fall in prices provokes a sale, and the possibility of losing a chance to make money feeds the trader's hope and gives an impetus to an unjustified purchase. Another harmful emotion, like greed, is a manifestation of a trader's arrogance and his desire to get a good income as soon as possible, which also provokes the unreasonableness of transactions.

Many psychologists and scientists are doing a lot of research in the field of studying human emotions and feelings, the results of which show the ability to control their emotions. In trading, emotion management is a very necessary art. Let's take a closer look at these seemingly difficult emotions on which a trader's work in the market depends:
GREED

So you start trading and get greedy when you see any asset go up in value and think “How much MORE can it go up in value?”, “This is just the beginning, if I just hold onto it a little bit longer I’ll have made X profit…”

FEAR

And then you’re hit with fear. It’s the fear of missing out on profits if you just held onto it a little bit longer than “you should”, it’s the fear of losing money that causes you to sell the asset as soon as it goes down in value. Even though it might just end up sky-rocketing back up the next hour. The fear of loss is a much more powerful motivator than potential profit. (this is why insurance companies always try to scare you into buying, & it works!)

The role of fear in trading.
In fact, fear plays an important role in the market. Fear often deprives the trader of the opportunity to make money, keeping him from making fatal decisions. The emotion of fear often serves as a kind of "brake" for a trader. The frightened trader becomes very obsessed with the unfavorable aspects of trading. The fear of losing money generates questions in the trader's head:
- How far will the price go against me, if suddenly what?
- What if the situation gets worse?
- What if I start to lose?
REGRET

This one I hear all the time, people regret buying a stock, indices, commodity, or any asset, people regret not buying a stock, selling too soon, not selling soon enough, etc. And then they think they won’t make that mistake next time.

HOPE

At first, you are hopeful you will make a ton of money just like that 1 “investment guru” you saw on YouTube making millions of dollars by investing in binary options or whatever else they are selling you through a course. You hear about so many success stories and think “what’s to stop me from doing these same trades?”
Hope is the last to die.

Of all the emotions, most market participants live on hope. This emotion is complete.
It is believed that these emotions do not fully drive financial markets. And this opinion has the right to be, since in the market we also observe successful traders who, apparently, are not influenced by destructive emotions.