Saturday, 1 June 2019

7 Ways How Emotions Screw Up Your Trading Results & How to Fix It

By Paul Koger

The average trader that is just starting out thinks that the way towards success in day trading is by finding the right strategy. If only you would find a strategy that works, you’ll be out of the water, drinking the cool-aid in no time..Sound familiar?

I’m sorry, but that just isn’t the case. Yes, a good trading strategy and a proper broker are vital components, but the biggest attribute determining your success as a trader is your ability to have control over your emotions. Ask any professional trader and they’ll confirm my words.

In order to help to improve your odds of success in your day trading ventures, I’ve listed 7 main emotions that affect your decisions and ways to get them under control:

I hope you enjoy!

Quote for the day

"Unhappiness is best defined as the difference between our talents and our expectations." - Edward de Bono