How important is trading psychology to you?

angelnish

Active Member
#1
Just out of curiousity, I was wondering what everyones opinion is regarding the aspects of trading psychology are.

- Staying disciplined
- Sticking with stop losses
- Not cutting profits short
- Not entering trades on impulse
- Overall sticking to your plan

This seems to be a big topic so I figured this would be a good discussion.
 

DanPickUp

Well-Known Member
#2
Sorry i have no knowledge about this psychology. If anyone explain these topics than share their views.
There is a lot of bla bla around about this topic. If you want to know a bit more about that subject, read in the following section of the forum: http://www.traderji.com/trading-psychology/ as this section is in forex trading and has nothing to do with psychology of trading. As mentioned from Fish Trader, search for posts about Mark Douglas. Following a series of You tube videos from the master:

http://www.youtube.com/watch?v=ypCjoH1EsQ4

Good luck

DanPickUp