Psychology is a crucially important aspect of trading, but most traders pay no attention to it. Traders put all their effort into developing technical skills, but eventually learn that technical skills alone offer only a partial picture. Concentration on the psychological aspects of trading is equally vital. Traders Wait too Long to Learn Mental Skills Most traders wait until … [Read more...]
Bouncing Back From Trading Losses: Trading Psychology & Losses
Let's face it, trading losses can be tough. No one likes losing money. But as every trader soon learns, trading losses are a routine part of the game. Nevertheless, many traders find it difficult to accept thoses inescapable trading losses. Learning to tolerate and deal with trading loss may be just as important as making good trades, perhaps even more important. Here are … [Read more...]
