If you are a student of the markets, or if you have traded heavily, then you're probably very familiar with the term "Trading psychology." the question I hear most often is one that asks how important trading psychology where you are going to become as a professional.
As a trader of futures, I can say without doubt that in my trading I frame is one of the most important, if not "the" most important part of profitable transactions.There are many different marketing strategies and commercial systems that can and will make money when negotiating the purchase; however, you could define the same plan WINS in two different merchants, and one will make a Fortune with them, while others the trader will lose a fortune using them.
I account for these different results culture differences between the two dealers. the winning trader is more confident, relaxed and often trade with a clear mind and without prejudice to where the market is headed. On the other hand, the losing trader in himself, assured of its actions, and he or she usually has a very strong polarization on how it might be a market leader.
It is important that a trader does not have personal problems and avoid distractions commercial screen, as these issues can readily bleed over their trading results. One thing that I recommend always trader with a series of unsuccessful is to never try to average down, because usually I make a bad decision and will turn a small loss in a very significant loss.My recommendation for a trader who is in a series of unsuccessful is to get up and move away from the screen and regroup. walk around the block, or downwards onto the street. Go to the coffee shop and get a cup of coffee and clear your mind or, better yet, call it a day early. It's best to end the day with a loss but end it with a higher loss because you negotiate with the wrong minds of frames.
Some other things that I propose is to make sure you get a good nights rest and start your day with a good thing so you can run a positive frame of mind in your trading.There are many good books that will go into much more detail about the importance of a winning mind frame, so make sure you have read one or more of them.Most importantly, don't underestimate the importance of trading psychology is the key to winning trader!
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