Trading

Trader Psychology

The Perfect Trader

The Perfect Trader is patient with entries and exits, they are focused on what works not personal opinions. They do not worry about missed trades, the Perfect Trader does not boast while winning and does not become depressed while losing. They are never too proud to admit when they are wrong and exit their trade. 

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self destruct

A Trader’s 10 Worst Enemies

A trader’s best friends are risk management, a winning trading system, perseverance, self control, and passion. Here are a trader’s worst enemies: Stubbornness: Not cutting losses and sticking with trades that are not working. Arrogance: Believing that you are smarter than the majority of market participants for no apparent reason. Competence must come before confidence.

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