I see many traders who have strong aspirations of becoming a great trader and making lots of money fail because they blow their trading psychology. Let’s take a look at 3 of the worst mistakes traders make with trading psychology, and then what to do instead.
Mistake #1 – Ignoring Trading Psychology Until it is too Late: This one is really easy to do, especially since most people think trading is all about the setup. Certainly, possessing very strong technical skills is a critical component of trading success. But so, too are understanding sound money management and developing solid mental skills for trading. I’ve actually coached many traders who don’t start to learn about
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