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.
Lessons From Coaching Hedge Fund Traders - Steven Goldstein and Mark Randall | Traders Improved (#137)
How to fix most trading problems - Confidence Hack! | Traders Improved (#136)
Trading is ONLY psychology | Traders Improved (#135)
Lessons from a real market wizard - Trading Coach Mandi Rafsendjani | Traders Improved (#134)
Tips for successful trading with Dr. Steenbarger & Mike Bellafiore | Traders Improved (#133)
Fear of entering a trade, Growing small trading accounts and more - Rolf answers listener questions | Traders Improved (#132)
EGO DEATH - Trading without the EGO? | Traders Improved (#131)
20 Years Trading Experience: Chatting with a trading veteran | Traders Improved (#130)
Fear of Losing, Battling FOMO & Best Trading Habits | Traders Improved (#129)
Akil Stokes: How to become a professional trader | Traders Improved (#128)
Trading routines and beginner trading strategy | Traders Improved (#127)
How to deal with losing trades, FOMO and managing money | Traders Improved (#126)
How to trade with full confidence | Traders Improved (#125)
Trading Lifestyle, habits, mindset and much more - Rolf & Moritz | Traders Improved (#124)
My Million Dollar Habit | Traders Improved (#123)
10 best tips for beginning traders | Traders Improved (#122)
The 3 big things that will chane your life | Traders Improved (#121)
How to grow a small account, dealing with emotions & more - Live Q&A with Rolf (reupload full episode) | Traders Improved (#120)
Is trading a real job? - Moritz | Traders Improved (#119)
How to satisfy your need for excitement | Traders Improved (#118)
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