Trading Psychology (Part 1)
A philosophy I engage in when trading the markets
- I am not self-employed as a trader.
- The market is my boss and my trades are my employees.
- I merely manage those employees.
Traders often have to think fast and make quick decisions, darting in and out of positions on short notice.
To accomplish this, you need a certain presence of mind. You need the discipline to stick with your own trading plans and know when to book profits and losses. Emotions simply can't get in the way.
It’s NOT that winning traders formulate better trading strategies
It’s NOT that winning traders are smarter
It’s NOT that winning traders do better market analysis
One personal characteristic that almost all winning traders share is that of self-confidence.
Winning traders possess a firm, basic belief in their ability to BE winning traders.
- I am not self-employed as a trader.
- The market is my boss and my trades are my employees.
- I merely manage those employees.
Traders often have to think fast and make quick decisions, darting in and out of positions on short notice.
To accomplish this, you need a certain presence of mind. You need the discipline to stick with your own trading plans and know when to book profits and losses. Emotions simply can't get in the way.
It’s NOT that winning traders formulate better trading strategies
It’s NOT that winning traders are smarter
It’s NOT that winning traders do better market analysis
One personal characteristic that almost all winning traders share is that of self-confidence.
Winning traders possess a firm, basic belief in their ability to BE winning traders.
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