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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When does your Trading Strategy stop working? #211
What is the best Timeframe for your trading? #210
Trading tips from the best traders of all times #209
Tips and techniques to improve your trading mindset and performance #208
Will trading go away? Is it still worth it? #207
5 steps to go from struggling losing trader to professional #206
Master this and you will master trading #205
How to build a strong trading foundation for your success#204
Create a new trading strategy in 10 steps #203
Deep chart work and backtesting #202
Trade like a world class performer with those 11 tips #201
2 mindset hacks for traders and my personal routine. #200
What is the right winrate for your trading? And why smaller winners are better. #199
How to go from break even to profitable trader!? My best tips. #198
Put the odds in your favor. What does it mean in trading? #197
I am answering your Trading Questions #196
Doing the things you know you should be doing #195
Stop making trading mistakes: my 3 step process - The Tradeciety Podcast (#194)
8 reasons why you must Backtest as a Trader - The Tradeciety Podcast (#193)
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