20 Mental Trading Edges

By Steve Burns

When I asked “What kind of psychological edge do you have in your trading?” in my Facebook trading group I had a lot of great answers. Here are a compilation of many of their great answers.

Here are the 20 mental trading edges that a trader can use in their battle for profitability in the markets.

1. #1 goal is capital protection
2. Focus on following a process
3. Rarely committing trading errors
4. Discipline
5. Focus
6. Trading with the predominant trend instead of your opinion
7. Using entry and exit signals instead of emotions
8. The goal is trading with discipline not trying to make money in every trade
9. No regrets on a trade that followed your plan
10. Patience
11. Look at charts of the next highest timeframe
12. Trade for capital appreciation not to pay monthly bills
13. Trading your own capital
14. Having realistic trading return expectations
15. Previous trade, irrespective of profit or loss has no influence on next trade – (Srinath Madas)
16. Trading with a position size that keeps your emotions out of your process
17. Living a healthy lifestyle
18. Living a balanced life
19. You know that you are the weakest link in the trading process
20. “Tons and tons of evidence that the models work over time as long as risk management criteria is adhered to.” – Richard Weissman

Source: www.newtraderu.com