Why the mind matters in making money
All you need to know about Trading Psychology: 𝑾𝒉𝒚 𝒕𝒉𝒆 𝑴𝒊𝒏𝒅 𝑴𝒂𝒕𝒕𝒆𝒓𝒔 𝒊𝒏 𝑴𝒂𝒌𝒊𝒏𝒈 𝑴𝒐𝒏𝒆𝒚
Many skills are required for trading successfully in the financial markets. They include abilities to evaluate a company’s fundamentals and to determine the direction of a stock’s trend. But neither of these technical skills is as important as the trader’s mindset.
Containing emotion, thinking quickly, and exercising discipline are components of what we might call trading psychology.
𝑩𝒆𝒘𝒂𝒓𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒕𝒓𝒂𝒑𝒔 𝒕𝒉𝒂𝒕 𝒄𝒂𝒏 𝒈𝒊𝒗𝒆 𝒚𝒐𝒖 𝒂 𝒔𝒆𝒕𝒃𝒂𝒄𝒌!
One wrong step and the downfall can be a huge disadvantage.