Trading Psychology

When trading goes well, you feel great. When trading goes poorly, it feels like a disaster. Most traders who are successfully initially end up losing all their gains – and more. To be successful, you have to acknowledge this pattern… and then break it.

A trading psychology are based upon how well

• how well you know yourself - to profit from your strong points
• how well you control your weak ones - to do with how successful of a trader you will be.

When you truly know yourself, then you are aware of how you are going to react under certain circumstances and you can protect yourself from self-damaging actions or decisions when it comes to managing a trade.

Here are a serial of mental fitness articles and discover why you must put discipline into your trading...

• You’ve Got a Great Trading System…
  
  You kind of had a feeling that the early weakness in the market was just profit-taking from the previous day’s trading, but you’re trading a system and you must stick to it...
• Limiting Your Winners and Letting Your Losers Run
  
  Apparently simply back-testing and seeing would-have-been results wasn’t enough to keep these traders in emotional control...
• Could This Be The “Huge Winning Trade” You’ve Been Dreaming Of?
  
  If we were going to stay in the game, we needed something more than desire and a dream…
• A Major Key to Successful Trading
  
  You need to find a system that suits your personality, back-test the system, appropriate the money to trade the system, and then GO FOR IT.
• Are You The Turtle Or The Hare?
  
  You must win the battle within yourself first, before you can win in the markets.
• The Future And The Successful Trader Is Me
  
  Once you start creating pictures of the money-bulging-pocketed successful trader, you will actually become less likely to allow your emotions to lead you to trading mistakes…
• The Seasoned Trader Feeds On The New Trader
  
  A good trading system and the mental strength to commit to and execute the signals that system gives you is the way of the seasoned trader.
• Risk Capital? At Least You Thought It Was
  
  Just how emotional will be largely a function of whether your risk capital is comfortably losable...
• The Force is Within You
  
  There are only a handful of people who give a darn about supplying traders with a way to be more disciplined and focused in their trading.
• Manage Your Workspace Correctly and Good Things Happen
  
  The physical ones and the mental ones… and actually, some-times they get intertwined.