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Emotional Control: The Successful Trader’s Psychology
It’s hard not to lose sleep when you’re losing money. But that’s exactly what the successful trader does. He fears loss, but stays above the fear of loss. Then why lose sleep over it.
You want to be a top trader and cannot sleep? You failed the first basic test.
If successful trading would be easy, everyone would be doing it.
Successful trading is all about psychology. Proper trading psychology is the key to success. The trader’s psychology is what divides the winners from the losers.
How are you reacting under pressure? Your ability to make quick decisions, to think logically, the strength of your character, the emotional quotient of your personality, your philosophical approach toward money – all of these characteristics will determine your probable chances of success or failure in trading. Read more
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