Overcoming Emotions As Trader

Emotions play perhaps the biggest role in determining whether a trader ultimately succeeds or fails.  Developing a working system is an ability that most traders ultimately develop.  Some people even develop or find excellent trading systems that only need to be followed exactly as the system is intended to be followed, and the trader will make profits on consistent basis.  Unfortunately, most traders do not follow their systems exactly because their emotions get in the way.  This leads to regret, anger, frustration, and ultimately failure.  Trading is hard enough without bringing emotions into it.  If you can learn to master your emotions, you will begin to master trading itself.

The Slimmest Margins Between Success and Failure

What many people may not realize is that the difference between success and failure in trading is extremely narrow.  Look at this chart showing the net profit a trader of a binary security will make depending upon the percentage of time that their trade is a winning trade.
As per the Study If a trader is correct on less than 56% of his trades  he will not make money.  If he is correct on 65% of his trades, he will have a net return of 17%

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