The Importance of Trading Psychology Several skills are required for trading successfully in the financial markets. Fundamentals &Technical determines the direction of a stock's trend.
But neither of these technical skills is as important as the trader's mindset.
Containing emotion, thinking quickly, and exercising discipline are components of what we might call trading psychology.There are two main emotions to understand and keep under control:
Fear and
Greed.
Snap Decisions
Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also need the discipline to stick with their own trading plans and know when to book profits and losses. Emotions simply can't get in the way.
How many of you are able to keep track of all the key performing areas
@OlympMans
