Trading Psychology Basics

Keeping a Trading Journal is Crucial For Every Single Trader: It may seem lame or unnecessary, but maintaining a Trading Journal is a critical component for every individual who wants to achieve sustained success in the markets. The transaction history that your broker provides simply isn't enough. All that usually…

You're 100% Responsible For All of Your Trading Profits and Losses: Complete accountability for your trading results is required if you want to become a consistently profitable trader. Stop blaming individuals on Twitter for hyping up a stock just for you to get caught in a large downward move. Stop…

Trading Results Are a Reflection of the Way You Think, Feel, and the Actions You Take: The concept of The Mirror can be applied to every single pursuit in life, but is especially critical to understand in regard to trading. In essence, The Mirror implies that your trading results will…

Overcoming the Psychological Aspect of Trading: The general public is drawn to the stock market because of the limitless opportunities it can provide, but unfortunately that tends to attract individuals with a gambler's mindset. Merely throwing darts, however, won't result in consistent success. As many amateur traders come to realize…

Understanding and Decreasing Confirmation Bias in Your Trading: Trading psychology is an interest thing. Being able to understand and control your emotions while trading can be the difference between profit and loss. In fact, many argue that emotion should be taken out of your trading completely. Unfortunately, us humans aren't…