Trading Psychology

  • Trading Psychology

    Posted by Bobby Belfort on August 24, 2022 at 6:54 pm

    One of the most difficult things to overcome in trading is psychology. It can make or break your success and you have very little control over it aside from practicing, practicing and doing more research on how best not only what kind but also when (and where) this should take place within a real account environment with live trades that matter – which will require even MORE effort than just coming up with a trading plan and/or strategy.

    It is important to have a clear head and not let emotions take over while trading. This can be difficult to do when real money is on the line, but it is something that must be practiced and perfected if you want to be successful.

    There are a few things that you can something good already planned out first before starting! This will help to keep you focused and not let emotions get in the way.

    1) Stay disciplined with your trading plan/strategy

    2) Have a clear head and don’t let emotions take over

    3) Practice, practice, practice in a real account environment with live trades that matter

    If you can follow these simple guidelines, you will be well on your way to success in the world of trading. Just remember to stay calm and focused, and always have a plan!

    Bobby Belfort replied 1 month ago 1 Member · 0 Replies
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