Trading Psychology Explained

http://www.FreeTradingSystems.org
Trading psychology plays a huge part in the way a person trades. Good trading psychology is when a trader respects trading tips and rules and sticks to them no matter what. The bad trader lets their emotions determine their decisions.

In his book, Dr Van Tharp segmented the main components of trading and discovered that psychology is by far the most important element ahead of money management and one's trading system.

Learn how to improve your trading psychology, visit: http://www.FreeTradingSystems.org

Category:

Education

Tags:

• trading psychology
• trading tips
• trading tip
• van tharp

[raybonent]

You are so correct. Thank you for the post. Trading is the most challenging - self experience I have ever had. It's tougher than grad school....but worth it.

[djenyns]

Thanks for the feedback! Stick with it, as you said, the rewards are worth it.

[OriginalAtomicSheep]

Tell us something we haven't heard a million times before

[manisierra]

Great advise! Personally I have never taken a lose as you described. The market has always allowed me to average down severely when the market has dipped allowing me to take a profit when the trend reverses even in a short period of time.

[chickzey]

One has to follow his trading method like a Nazi - blindly and fanaticly.

[Alexlexuspark]

nice video...what is the best market for a beginner to start out with?

[phm379]

Tell me what to do instead of what not to do! Thumbs up if agree, and heard this all before.

[toguNYC]

This video is 5 minutes long just to say "Cut your losses short, let your winners run". And by the "counter intuition" he got it wrong. I've got my best trades based on intuition. There is no need intuition when you are in the trade, you just follow the plan so even you lose the trade, thank yourself that it was a good trade not a bad a trade. Bad trade I believe is getting your second thought mess with the plan. Second thought kills!!!

[nassershiraz]

Your voice is very irritating and unbearable!

[modelverb]

aw shutup. Just buy the fucking market if you're that bothered about preaching a 'let profit run' story. if you're sell side biased (most of this guys audience) take your profit, and yes, DO follow your intuition. That is what you do when you learn about trading. You learn to follow your intuition. Counter intuitive, well yes i guess it is. Learn to follow your intuition in a counter in intuitive way, or conversly, just don't frikin bother and go play sqaush or watch de telly yeah.

[MrTmiles10]

they have to advertise cause the pros need an endless supply of newbies to fund new accounts so they can take their money

[mesa134]

@pierneus thanks.. i love trading it will only be a hobby..I trade consistently enough that it pays for my food(groceries) your right its not for everyone but i think we should allow the market to decide who is and who is not qualified for this...