Emotional attachment in trading will prevent you from making the correct decisions to make money and preserve your capital. Emotions cloud your judgement, and do not allow you to view market information objectively. Emotional attachment to stocks causes you not to buy and sell at the right times. Traders who get emotionally attached to stocks …
Revenge trading is the easiest way to turn a nice green day into a red one. It is one of the biggest issues we see for new traders. In order to become a profitable trader, you have to learn to combat revenge trading and eliminate it from your trading. In this article we will talk …
Want to know the secret to becoming a great trader? It is NOT some get rich quick scheme or trying to find the next small cap stock that will go up 1000%. It is overcoming your psychology and mastering the mental aspect of it. These 7 deadly trading sins are the threats to all traders. …
Successful trading is not an overnight process. Many people get into trading because they think it will be an easy way to make a lot of money without hard work. This couldn’t be further from the truth. Trading is no different from any other entrepreneurial adventure. You need an education, and you have to put …
Read moreThe Three Phases of Successful Trading | Momo Trader Day 2
Trading psychology is the difference between a winning trader and a losing trader. Once you have developed a trading system that has an edge, the next challenge is refining your ability to execute the strategy. This is where trading psychology comes into play. In trading you are often your own worst enemy. An understanding of …
In trading, you are in control of everything you do. The market can do whatever it wants, so the only thing you need to focus on is your edge, trading system, and behavior. You cannot directly control whether your trades will be winners or losers. However, the magnitude of the winners and losers are completely …
Read moreTop 4 Causes Of Huge Trading Losses and How To Avoid Them