Traders Improved Trading Podcast
Business:Investing
Trading is 90% psychology in my opinion. Although we might have a great system as traders, the way we execute our system is determined by our psychology and by our mental state.
The way we judge our performance and our trading are determined by our emotions.
You can see the best setup but if you are coming from a series of losses, you might hesitate or trade too small because you lack confidence. And if you just experienced a good run, you will often end up taking bad trades because you are over-confident. When you exit a profitable trade too soon or close a loss too late, emotions are the driving factors behind your decisions as well. And, of course, the big problems such as revenge trading, chasing or over-leveraging are all also a product of our emotions and our inability to manage them.
However, I believe that one specific trading emotion stands above all: Patience. Or better a lack of patience. In my latest podcast, I talked about why I believe that patience is the most important trading emotion / skill.
What do you think? Let me know in the comments below and I would love to hear your thoughts about patience and trading emotions in general.
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Input Equals Output #230
The Magic of Boring for Mastery #229
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Avoid this and become a better trader instantly #227
10 Best Money Habits For Traders #226
How to establish better habits. My very personal story #225
Go from losing to profitabel trader in 8 steps #224
How to create the perfect feedback for loop your trading #223
How to improve your trade entries: early vs. late trades #222
What to do to improve any trader? #221
Mind Over Market: Busting 5 Biases That Burn Your Trading Performance #220
Tips for young traders in their 20s and 30s #219
Most important skills and traits for aspiring traders #218
How to make a trading system ”fit you” personally #217
The 9 most important trading principles for success #216
Novelty Seeker, Optimizer, Mindless Trader - What trader are you? #215
My favorite technique and tip to become a better trader #214
From Losing to Break Even Trader! #213
A mindset hack that helped me with my long-term goals #212
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