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The Psychology of Trading
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| As a trader, you will realize that your opinion doesn't matter! This may seem quite strange, but once you begin trading you will realize that we are serious! Once you learn to STOP trying to impose your belief's on the market, you will become a better trader almost instantaneously. It is imparitive that you not try to predict the direction of the market (stock) that you are trading. Your job is to trade, not predict! If the stock goes through your entry, you buy - if it goes through your exit (downside) you sell, there is not much there to think about. Taking emotions out of trading is very difficult, however it is attainable if you have the discipline to follow your plan. The only way to take the emotions out is to be prepared with a trading plan and each and every day, trade that plan. ALWAYS USE TRAILING STOPS! Good Luck and Happy Trading! WallStreetWarriors.com Disclaimer: Short-term and day-trading is very risky. Past performance is in no way indicative of future results. WallStreetWarriors.com assumes no responsibility for your trading results. All the information provided is for educational purposes only and should not be construed as investment advice. The opinions and research provided within these pages are based on historical data and are deemed reliable. |
NetPicks Stock & Option Investing Advisory ![]()
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