Top 10 Trading Psychology Rules
Top 10 Trading Psychology Rules:
1. Plan the Trade & Trade the Plan
-Plan all the potential trades beforehand, and trade accordingly with your plans
2. Always be Disciplined
-Do not create excuses to break your own trading rules
3. Expect Losses
-Do not take a trade unless you are willing to accept the risk
4. Emotion Management
-Always analyze your trade objectively and with a neutral of mindset
5. Focus on Trading Well
-As a trader, your focus is on making the good trades, not focus on making the money
6. Patient, Patient and Patient!!!
-Patient to wait for the Best Setups to trade, do not trade when there are no good setups
7. Trade What You See, Not What You Think
-Concern with the effects, not concern about the reasons behind of what are happening. Everything is on your charts!
8. The Trend is Always Your Good Friend
-The easiest money is made trading with the trend
9. Trading Evaluation
-Record down your trades, why are you entry and why are you exit, continuously improve yourself
10. Trading is a Marathon, not a Sprint!
-Be realistic, trading takes time to build experience
1. Plan the Trade & Trade the Plan
-Plan all the potential trades beforehand, and trade accordingly with your plans
2. Always be Disciplined
-Do not create excuses to break your own trading rules
3. Expect Losses
-Do not take a trade unless you are willing to accept the risk
4. Emotion Management
-Always analyze your trade objectively and with a neutral of mindset
5. Focus on Trading Well
-As a trader, your focus is on making the good trades, not focus on making the money
6. Patient, Patient and Patient!!!
-Patient to wait for the Best Setups to trade, do not trade when there are no good setups
7. Trade What You See, Not What You Think
-Concern with the effects, not concern about the reasons behind of what are happening. Everything is on your charts!
8. The Trend is Always Your Good Friend
-The easiest money is made trading with the trend
9. Trading Evaluation
-Record down your trades, why are you entry and why are you exit, continuously improve yourself
10. Trading is a Marathon, not a Sprint!
-Be realistic, trading takes time to build experience
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