2009.02.20 Trading Psychology: Mistakes in a Trading Environ

free & uncensored discussion arena for TheRumpledOne

Moderator: moderators

User avatar
rank: 10000+ posts
rank: 10000+ posts
Posts: 11154
Joined: Sun May 14, 2006 9:31 pm
Reputation: 23
Location: Oregon
Real name: Avery T. Horton, Jr.
Gender: None specified

2009.02.20 Trading Psychology: Mistakes in a Trading Environ

Postby TheRumpledOne » Fri Feb 20, 2009 12:49 pm

2009.02.20 Trading Psychology: Mistakes in a Trading Environment

When it comes to trading, one of the most neglected subjects are those dealing with trading psychology. Most traders spend days, months and even years trying to find the right system. But having a system is just part of the game. Don?t get us wrong, it is very important to have a system that perfectly suits the trader, but it is as important as having a money management plan, or to understand all psychology barriers that may affect the trader decisions and other issues. In order to succeed in this business, there must be equilibrium between all important aspects of trading.

In the trading environment, when you lose a trade, what is the first idea that pops up in your mind? It would probably be, "There must be something wrong with my system", or "I knew it, I shouldn?t have taken this trade" (even when your system signaled it). But sometimes we need to dig a little deeper in order to see the nature of our mistake, and then work on it accordingly.

Read this rest here:


Please do NOT PM me with trading or coding questions, post them in a thread.

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “TheRumpledOne”