The Psychology Of Trading, Fine Line Between Success And Failure

Most traders experience similar thoughts patterns and emotions on the charts. your psychology and your mind-set represent 70% of your trading performance. So smart thinking and discipline is more important than your strategy. That's why controlling it is what makes you profitable and successful.

Range of emotions that can impact your trading:
1- Doubt:
It comes after some losing trades you start doubting your knowledge and everything you know. Fight that feeling as much as you can trust your judgment and trust yourself.
2- Fear:
Also comes after some losing trades and risking too much. the best way to fight this emotion is that you should be comfortable with what you are risking and if you feel uncomfortable LOWER YOUR LOT SIZE.
3- Revenge:
An emotion that exist since the stone age. after your stop loss is hit you want to take a revenge from the market and get back your money. Well you should not take it personally at all and you should convince yourself that in the market anything can happen.

"Main Tip" WHILE TRADING LEAVE YOUR EMOTIONS AT THE DOOR