Real Example of Trading Psychology

From our live trading room; A lesson in trading psychology plays out live for traders on June 21, 2007 in the emini Russell. This shows the importance of discipline and managing your trading state by following the rules of engagement of your trading system. What ultimately dictates the success of any trader, no matter what market, time frame, or system will ALWAYS be the ability to be disciplined and consistent in execution.


Futures, Markets, E-mini, emini, stocks, forex, trading, analysts, analysis, 4x, FX, gold, silver, crude, picks, stock, cramer, bloomberg, technical, short, term, plays, calls, Dow, S&P, Nasdaq, Russell2000, Russell, daytrading, swing trading, day, swing, trades, daytrading, CME, CBOT, scalping, index, shortterm, long, capita, hedge, fund

Category:

Howto & Style

Tags:

• emini
• forex
• e-mini
• Stocks
• futures
• markets

[FreeFOREXautoBOT]

Nice vid, btw i have free trading robot, if anybody interested.

[SilverShamrock71]

Easy to say when presenting historical data, not so easy at the hard right edge. You would need rock solid discipline not to allow 3 losers on the bounce to mess with your psychology.

[SilverShamrock71]

I don't think volume is as effective on intraday short time frame charts.

[AmritSinghAuja]

1.)your using indicators = which are LATE

2.)you don't even have a volume graph

[ryan8247]

What is a VS1 trader?

[MarketMinuteTV]

Great great Vid! That actually happened to me a year ago. I have a 75% win rate system which turns out a profit anywhere from 1.5 to 2.5 times the amount I am willing to lose per trade. I had 4 losers in a row for small losses and I was hesitant to take the 5th signal but I did and I made 3 times my money which mre than covered my 4 previous losers! The market will mess with your head like that!! Discipline is essential!

[TradingWithAnEDGE]

KNOW the market and have no fear.

See my VIDEO. Thanks.

SELLS BOOM! BUYERS BOOM!

[yoslammer]

Just be mindful of the difference between "discipline" and the "sunk costs" mindset. Although you clearly have a winning signal based approach. GL

[jtking2504]

Excellent vid, so true and a perfect illustration of trading psychology. Psychology rules in trading. This vid is now on my playlist, I will watch often and ensure I remember this!

[feltonw]

i wish trading is as easy as reading the computer