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.
The super power to become a profitable trader and successful anywhere else - The Tradeciety Podcast (#192)
The most important skill to master your Trading Mindset - The Tradeciety Podcast (#191)
How to deal with failure in trading - The Tradeciety Podcast (#190)
Trader Burnout: What is it and how to deal with it - The Tradeciety Podcast (#189)
How to fix negative emotions in your trading - The Tradeciety Podcast (#188)
What does it take to win as a trader - The Tradeciety Podcast (#187)
How to get a trading strategy that fits you personally - The Tradeciety Podcast (#186)
The #1 skill you have to build this year for success - The Tradeciety Podcast (#185)
The perfect trade in 6 steps - The Tradeciety Podcast (#184)
Swing Trading vs Day Trading. What’s better? - The Tradeciety Podcast (#183)
Nothing works all the time and anything works some of the time - The Tradeciety Podcast (#182)
How and why to backest new trading strategies - The Tradeciety Podcast (#181)
The excellence mindset and how to develop it - The Tradeciety Podcast (#180)
Are you scared of every support and resistance level onyour charts? - The Tradeciety Podcast (#179)
The podcast is back! Season 2 of the Traders Improved podcast - Quick intro
10 trading tips to boost yourtrading results | Traders Improved (#178)
How do you find what you love doing and your passion? | Traders Improved (#177)
THE most important question as a trader! Improve your trading | Traders Improved (#176)
What is the best Moving Average setting? | Traders Improved (#175)
The 3 types of trading edges explained | Traders Improved (#174)
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