Tag Archive for: Trading psychology
Independent and dependent traders: which do you belong to?
There are moments in life when we just need to rely on other people, but there are different times when you have to rely on yourself only. It is important to be independent when you trade on the exchange. If you do not like to stay alone with your thoughts and trust your intuition, abstracting […]
False motivation holds back your progress in trading
Do you know what many people are very good at? They are good at idle talks! They often speak about their plans and about some business they want to do. And, what is interesting, they could be very convincing when they do it. Do you know what many people are not so good at? They […]
How to develop a trading plan: 10 mandatory steps. Part 1
Trading is a business and if you want to be successful you should treat trading as a business. The only way to be a successful trader is planning – there is no other way. There is a saying: “Absence of a plan results in the failure of your plan”. It might sound weird, but this […]
Violation of discipline in trading: reason or consequence?
Usually, traders connect losing money in the market with a lack of discipline. However, not many people try to analyze the reasons which provoke insufficiency of consistency in making trading decisions. In fact, absence of discipline is just a consequence rather than reason. In the present article, we will try to analyze the main factors […]
8 ideas of how to combine trading and employment
If you have a full employment, it is a rather complex task to become a professional trader during your free time. To quit employment in order to become a profitable trader? Or to become a profitable trader in order to quit employment? Whatever is the way you formulate your goal (the second variant seems more […]
Is Trading Psychology The Decisive Factor?
Many intraday traders think that the idea of trading lies in trading indicators, stock screeners and economic reports data. They rarely think about other important trading factors. Operation of the human brain stays unnoticeable in the majority of cases until we pay focused attention to it. You will learn from this article what role the […]
Is the discipline in trading the main secret of success?
Usually traders start to lose money when they stop following their own trading plans. When the market behaviour changes and it starts, for example, move fast, the traders who slowly react to such changes fall into despair and start to open trades disorderly. Absence of discipline and self-control in such a situation results in catastrophic […]