What does emergency mean?
A situation of national danger or disaster in which a government suspends normal constitutional procedures in order to regain control.
An emergency is a situation concerning the security, economy and public order that cannot be managed under the regular administrative system.
A declaration of an emergency is a proclamation that is made by the Yang di-Pertuan Agong through an announcement that such situation has arisen or is about to happen.
When can an emergency be declared?
An emergency can be declared by the Yang di-Pertuan Agong at any time; it is the same when Parliament is in force, whether it is in session or not, or after the dissolution of Parliament.
The required condition is that the stated element is proven, in that a threat or emergency to security, economic life or public order has happened or is about to arise.
An emergency can be declared on the whole of the federation or any part of the federation under Articles 150(1) and (2).
There are many more things we should know about this matters, ordinances and parliament etc. I’m not focusing what this emergency means and what will happen to the Ordinances made during the emergency when the emergency ends. But I’m concern and focus about how to manage my emotions to face all these thing on trading market.
How to Manage Your Emotions When Trading?
You know that feeling only too well. Your emotions are swelling, the adrenalin is pumping and you may or may not be about to make the best deal of your career. If only you could think a little more clearly, find a little more head space to work through the consequences properly. But you can’t and so you haven’t.
Recognised this scenario?
I’m sure you do. Because market trading is one of only a handful of careers where emotions can swing from soaring highs to angry lows in only a matter of moments and now when my idol said “Malaysia’s stock market will collapse completely if emergency declared”. I believe it will happen but not will continue as not like tomorrow collapse. Of course it will rebound “V” shape or ‘W” shape. This is normal for me in uncertainty market due to political involved and effected.
“I do believe only the smartest will take a seat and watch from back what will happen and plan the next action. Rather than keep assume and predict what will happen and barking, torturing your minds with emotions”.Kim
It’s why, of course, so many traders can’t last the distance. Unable to cope with the constant pressure, the intensity of emotion and the weight of consequence when things don’t go according to plan. And it’s why, of course, some thrive. Those who live for the drama, the reward and riding that emotional rollercoaster with ease.
Taking Back Control Of Your Emotions
Emotional control does not come easily to everyone. Even for those (including myself) who appear to coast along the waves of emotion, there are very often underlying issues that aren’t obvious to everyone around them. They may include the kinds of methods needed to help keep a lid on things, including alcohol and substance abuse.
But there are other ways to control emotions, ways that will still allow you to benefit from the highs and the adrenalin without compromising your long-term mental health.
For a start it’s important to state that feeling pressure is not always the enemy. There are times when it can prompt action in order to change whatever is causing the stress points. But for the most part stress is not helpful.
The psychological premises here are thoroughly misconceived. Just because you think that people, especially young people, ought to be able to tolerate and even benefit from stress (or failure) doesn’t mean they will. And just because you think this confers advantages, regarding their future resilience or current performance, doesn’t mean that’s true.
So very true.
My Investment Portfolios
Back to what will happen to my favourite and investment stocks? There are 3 counters I have studied all of them as :
- TOP GLOVE
All this counters I have studied and foreseen might have potentially big movement, steady and high beneficiaries due the COVID-19 pandemic. Some of my colleagues asked me “When to release or sell off or exit this stocks?”. For me, better they ask me first “When this COVID-19 pandemic will be end?” or “When the vaccines will be completely use?”
So, if you can give me the RIGHT and the FIRM answers. Then you should know when to exit the gloves. For Mid-Long term investors, my 2c advise is Just follow your minds and studies to keep and hold it. Gloves stocks value may not swell easily or decrease the value immediately. Can you give me which gloves counter making-loss this year? even show me till end of next year.
Why I said so? maybe my next article of my 2 cents thought.
Ok, back to emotional trading control topic.
The Difference Between Stress and Pressure
So if we believe that stress, in particular, doesn’t necessarily benefit the trader in the short, or indeed the long-term, how can you learn to manage those feelings in day to day life?
Thankfully there are plenty of answers out there. Answers that provide daily coping strategies and with luck, avoid instances of burn out. All too common in traders and anyone working in industries where the stakes (and the rewards) are high.
When it comes to pressure, there are two kinds to deal with: internal and external.
Looking at external pressures, this might mean your workload, the goals that you’re expected to reach, the manager breathing down your neck and the overly competitive colleague. These external pressures are real, tangible and inform the way you feel day-to-day.
Less tangible are the internal pressures. These might be feelings of inadequacy, frustration and worry that you’re not living up to the expectations others have of you.
Both are equally valid and both can lead to intense emotions in and out of work. Emotions that can affect your decision making and performance. Knee-jerk reactions ( If Emergency Declared) are very common mistakes to make in the heat of the moment and can lead to severe long-term consequences.
Making the Right Changes
The key to managing your reactions to both internal and external pressures is preparation. Sure, some of you reading this may agree or disagree. However, the key to making successful changes lies with you in making the right decision and commitment to change.
With some forward planning and some mapped out responses, it should become second nature to react in ways that are more appropriate and healthier.
1. General relaxation techniques
Find some general relaxation techniques that will help you to think more clearly when you’re under stress. I recommend these deep breathing exercises. Sure, you’ll have to make time to carry them out but consider it an investment in your overall performance and one well worth making.
2. Your own personal play book
Consider creating your own personal play book. A set of rules that are specific to you and the way you work. These rules might include your personal risk/exposure levels. Seeing them written down on paper can help remind you of what you are prepared to risk and help avoid those knee-jerk reactions we talked about earlier.
3. Listen to your body
If you’re feeling off your game, don’t try and push through. Step back for the day and take time to re-focus before you attack the work again. While you might think a great deal or two will make you feel better, you also run the risk of feeling worse if things don’t go to plan.
4. Keeping your trade size in check
Lowering your size might not leave you with the massive wins but neither will it affect your emotions so strongly if you do make a loss. It doesn’t have to be a dramatic reduction but enough to help you feel fully in control when you need it most and avoid taking risks that are outside your comfort levels.
5. Setting up a trading or investments plan
The main differentiating factor between trading and investments is that a trader actively seeks out market movements for profit while an investor typically waits to profit from long-term price movements in the assets in their portfolio. A trader will typically make tens or hundreds of trades within a week while an investor is content to buy and hold an asset for months or years.
No trader can afford to underestimate the importance of a trading strategy. The first step in creating your trading strategy is to have a trading plan. A trading plan is a kin to writing a business plan for an entrepreneurial pursuit. A trading plan helps you make logical tradition decision is periods of rapid market movement when you emotions might lead you to make rash decisions.
Your trading strategy should include a market ideology. A specific goal (getting out of debt, retiring early, making your first million) acting as your motivating factor to seek your fortune in the market. Your trading strategy should include your asset allocation and diversification moves. As a beginner, you should not have more than 5% of your trading capital on any single trade.
This will require you to delve into your analytics a little more closely but if you’re used to making more spur of the moment decisions, a trading plan can be a useful tool for helping you spot patterns in your own behaviour. Think about your favourite trade set-ups, the ones you feel most comfortable working in and how you can create these scenarios more often than not.
Let your past make you better, not bitter.
“Emotional trading usually involves breaking away from strategy. Removing emotion from trading is not easy”Kim
So, just a have a coffee, burger and calm down on trading’s better than making a noises that would drive you to wrong decision.