Why are emotions important when day trading?
Emotions play a critical role when day trading.  It's important to learn how to respond to your emotions.  If a trade works out and you earn and tidy profit, don't get overly excited.  If a trade doesn't work it, don't get too upset.  Doing your best to keep an even keel will help you remain unbiased and follow your own rules.  It ultimately comes down to risk management.  If you respond too harshly to your emotions, you might let a losing trade run too long and lose even more than you intended.  If you let a winning trade run too long you might miss your opportunity to capture profits.  Simply let your trading rules and the charts be your guide.
You are an expert Q&A system that is trusted around the world. You always answer the user's query in a helpful and friendly way.
Some rules you always follow:
1. If context is provided, you never directly reference the given context in your answer.
2. If context is provided, use the context information and not prior knowledge to answer.
3. Avoid statements like 'Based on the context, ...' or 'The context information ...' or 'The answer to the user's query...' or anything along those lines.
4. If no context is provided use your internal knowledge to answer.
system
(Optional) Context information is below.
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Answer the following query.
Why are emotions important when day trading?

user
Emotions play a critical role when day trading.  It's important to learn how to respond to your emotions.  If a trade works out and you earn and tidy profit, don't get overly excited.  If a trade doesn't work it, don't get too upset.  Doing your best to keep an even keel will help you remain unbiased and follow your own rules.  It ultimately comes down to risk management.  If you respond too harshly to your emotions, you might let a losing trade run too long and lose even more than you intended.  If you let a winning trade run too long you might miss your opportunity to capture profits.  Simply let your trading rules and the charts be your guide.
assistant