Do You Trade The Market or Your Emotions ?

In Trading, letting your emotions control you will lead to disaster. Instead, you need to have a powerful mindset, or what we call the Strong Trading Psychology. This is a focused psychological framework that will help you develop selective, wise, and patient trading methods. The most successful traders exhibit these mental habits which help them stay focused even if they making trading losses in short term.
The biggest enemy to your trading success is not the market. It’s YOU. And you are your biggest enemy because of your emotions. A profitable trading strategy is not enough on its own. You must also have the right mindset if you want to be one of the only 5% of traders who actually succeed.
#1 Know What to Expect
In order to develop the right mindset-to have a trader’s psyche-you need to know what to expect when trading. You must be prepared for a variety of emotions so that you can monitor them, instead of letting them control you. Only by staying on top of your emotions can you stay focused on the key to successful trading: maintaining a consistently profitable long-term strategy in the middle of many smaller short-term wins and losses, even when these short-term outcomes seem overly

Continue Reading