Trading Psychology- Master your Mind and Money BY BEN WRIGHTSELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
Trading Psychology- Master your Mind and Money
Are you continually loosing money and not knowing why? For the past decade of trading the financial markets, I believe psychology is so vital to trading success. Below is a small snippet of questions that you need to ask yourself prior to entering the market so that you are in the best condition to compete;
1. Have I slept well?
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2. Do i feel emotionally and physically fit?
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3. Am i following other people's opinions?
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4. Am i following my head or my heart?
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5. Have i received losses lately? Should i be entering the market? If so do i have a drawdown procedure in place?
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6. Have I had a series of winning trades? If so monitor your behaviour and ensure your ego doesn't cripple your performance
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7. And many more...............
Let me know if you have any questions or would like to know more :)
Happy trading
"Rule number 1: never loose money. Rule 2: Never forget rule number 1." Warren Buffet
