Trading Psychology - Emotions and Day Trading
If you can hear your heart beating every time you make a trade, then you need to know about the psychological aspects of day trading. These articles discuss how emotions such as fear and greed can have a negative impact on your trading, and will help you overcome these natural emotions and become a better day trader.
Fear and Greed
Discussion of the emotions of fear and greed, and how they affect traders and day trading.
Discussion of the emotions of fear and greed, and how they affect traders and day trading.
Increasing Targets
Discussion of target orders, with an explanation of why a trader would increase their target order, but why increasing your target would be a mistake.
Discussion of target orders, with an explanation of why a trader would increase their target order, but why increasing your target would be a mistake.
Moving from Simulation Trading to Live Trading
Discussion of the emotions that occur when new traders move from simulation trading to live trading, and the mistakes that these emotions can cause.
Discussion of the emotions that occur when new traders move from simulation trading to live trading, and the mistakes that these emotions can cause.
Patience and Discipline
Professional traders either have patience and discipline in their personalities, or they learn how to be patient and disciplined as part of their trading education. Find out why you need to be patient and disciplined, and how you can become patient and disciplined instantly.
Professional traders either have patience and discipline in their personalities, or they learn how to be patient and disciplined as part of their trading education. Find out why you need to be patient and disciplined, and how you can become patient and disciplined instantly.
Patience, Decisiveness, and Calmness
Discussion of the personality traits of patience, decisiveness, and calmness, and how they are necessary for successful day trading.
Discussion of the personality traits of patience, decisiveness, and calmness, and how they are necessary for successful day trading.
Recognizing and Overcoming Stubbornness
Discussion of why traders with stubborn personalities need to overcome their stubbornness in order to be profitable. Explains the reason why being stubborn is counter productive to successful day trading.
Discussion of why traders with stubborn personalities need to overcome their stubbornness in order to be profitable. Explains the reason why being stubborn is counter productive to successful day trading.
Sentimental Trading
Discussion of the psychology of sentimental trading, and how getting attached to your trades will have a negative impact on your profit and loss.
Discussion of the psychology of sentimental trading, and how getting attached to your trades will have a negative impact on your profit and loss.
Stress and Trading
Discussion of how stress affects your trading, and an explanation of why trading under stress will turn a profitable trader into a losing trader.
Discussion of how stress affects your trading, and an explanation of why trading under stress will turn a profitable trader into a losing trader.
Trading and Intuition
Discussion of how intuition applies to trading, and whether traders should follow their instincts or not.
Discussion of how intuition applies to trading, and whether traders should follow their instincts or not.
Why Markets Fall Quicker Than They Rise
Discussion of why markets tend to fall quicker than they rise, with an explanation of how the emotions of fear and greed cause this to happen.
Discussion of why markets tend to fall quicker than they rise, with an explanation of how the emotions of fear and greed cause this to happen.