iMusingKiMi
Sergeant
- Messages
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Psychology is one of the most important to be successful in trading path. Most people do have a very good strategy, but the point is psychology, emotion, discipline that actually makes them fail.
I've improved my trading psychology significantly as I worked thoroughly on my emotions and almost eliminated them by following strict money management plan. I use tight SL and TP and my drawdowns are strictly controlled.
Emotion in trading is included in psychology trading lesson, as human nature actually they have emotion, but bad emotion which like as greedy, over trading and also over conident should to minimized and always trade with good control emotion although faced with loss.
Psychology is one of the most important to be successful in trading path. Most people do have a very good strategy, but the point is psychology, emotion, discipline that actually makes them fail.
You are right, even with the best strategy, a trader cannot become consistently profiting trader until he makes his trading psychology stronger.