Trader's No 1 Enemy

The foundation of trading is interconnected
As most traders know, trading is finding the correct equilibrium of proper risk management, good analysis and trade strategies, efficient money management, and a balanced (trading) psychology. A trader cannot be successful if one of the elements is not sufficiently developed. Similar to a building, if one of the walls is not properly built, the entire structure might collapse. Our trading is the equivalent of that building and our risk & money management, strategies and psychology are all integral part of that structure.
As mentioned earlier in this article we are focusing on the psychological part of the structure. However it should be clear that everything is interconnected. Any particular trading strategy only works well for traders who have the matching psychology. A good psychology only has positive effects when proper risk management is used. As you can see, all are interrelated.
Trading psychology
The field of trading psychology is

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