Nobody can get high and make money at the same time. Emotional trading is the enemy of success. Fear and Greed are bound to destroy a stock trader.
A real professional stock trader does not get to excited or down about wins or losses
This is proper stock trading psychology.
The goal of a successful professional in any field is to reach his personal best. You need to concentrate on trading right. Each trade has to be handled like a surgical procedure - seriously, soberly, without sloppiness or shortcuts.
This is a stock trading risk management plan.
A loser cannot cut his losses quickly. When a trade starts going sour, he hopes and hangs on, and his loses pile up. And as soon as he gets out of a trade, the market comes roaring back.
Trends reverse when they do because most losers are alike. They act on their gut feeling instead of using their heads. The emotions of people are similar, regardless of their cultural background or educational levels.
Emotional traders go into risky gambles to avoid taking certain losses. It is human nature to take profits quickly and postpone taking losses.
Emotional trading destroys losers. Good money management and timing techniques will keep you out of the hole. Losing traders look for a "sure thing", hang on to hope, and irrationally avoid accepting small losses.
Having a risk management plan is not an option if you want to succeed as a stock trader.