Trading Psychology: 7 Ways How Emotions Screw Up Tour Trading Result, and How to Fix It!

Trading Psychology: 7 Ways How Emotions Screw Up Tour Trading Result, and How to Fix It!

The average trader that is just starting out thinks that the way towards success in day trading is by finding the right strategy. If only you would find a strategy that works, you’ll be out of the water, drinking the cool-aid in no time..Sound familiar? I’m sorry, but that just isn’t the case. Yes, a good trading strategy and a proper broker are vital components, but the biggest attribute determining your success as a trader is your ability to have control over your emotions. Ask any professional trader and they’ll confirm my words.

In order to help to improve your odds of success in your day trading ventures, I’ve listed 7 main emotions that affect your decisions and ways to get them under control:

I hope you enjoy! ?

  1. Fear of Missing Out (FOMO): You fear to miss out on trading opportunities
  2. You fear to lose your existing profit
  3. You are too greedy with profit taking
  4. You are unable to admit that you are wrong
  5. You are too scared to trade
  6. You trade too often
  7. You give up to fast

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