As traders, we primarily compete with ourselves to honor our rules and execute our edges.
With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes
The Importance of Mastering Trading Psychology.
(Thread) 👇
Instead, it means learning to transcribe your emotions into data that you can use and analyze to connect past states to current ones.
We execute at our highest ability when we can use emotions as fuel and for intuition but are not so dominating that they cloud our judgment.
They compete with passion, emotion. This drives them and they are able to unlock their full potential.
This involves developing awareness and techniques that address the root causes of emotions, preventing them from negatively impacting your trading.
You will find the same signs start to develop before you for instance experience tilt and enter a trade outside of your system.
It will allow you to build instincts, and overcome performance flaws.
Mastering Trading Psychology can’t solve your trading problems alone, but it can take your existing performance to the next level.
It will also drastically improve your discipline & consistency.
Look no further than @JaredTendler’s high-performance framework...
A repeatable system that reaches the root of your issues.
His framework is based on over 16 years experience working with institutional traders, PGA Tour Golfers, and Champion Poker Players to help them perform at the highest level—consistently.
Traders are too focused on building a strong technical system and completely disregard the mental game—stunting their performance.
We are launching the Trading Psychology Masterclass, helping hundreds of students improve their performance and consistency.
Join them here 👇
https://t.co/dJXxUQmS0U
The first webinar is coming up fast on April 9th! ⌛️
Grab your Early Bird Tickets here 👇
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As traders, we primarily compete with ourselves to honor our rules and execute our edges.
— TraderLion \U0001f981 (@TraderLion_) March 26, 2022
With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes
The Importance of Mastering Trading Psychology.
(Thread) \U0001f447
More from TraderLion 🦁
More from Traderlion
The Importance of Trading Rules (Quick thread)
Last week I sent out this poll asking if people have a written
Over 60% of people said they did not have one.
It's now one of my main goals to get as many people as possible to commit to writing their own rules which codify their goals and methods.
I strongly believe that writing down your strategy especially if you are a new trader/investor will lead to improved and more consistent performance in the stock market.
Trading the markets is a tough business, money is on the line and emotions can run high.
Preparing ahead of time is essential so that in the moment you are just executing your plan.
This is the best way to stay in the game for the long haul
Last week I sent out this poll asking if people have a written
Do you have a written Trading/Investing Plan?
— Richard Moglen \U0001f4fd\ufe0f\U0001f981\U0001f6a2 (@RichardMoglen) March 7, 2021
Over 60% of people said they did not have one.
It's now one of my main goals to get as many people as possible to commit to writing their own rules which codify their goals and methods.
I strongly believe that writing down your strategy especially if you are a new trader/investor will lead to improved and more consistent performance in the stock market.
Trading the markets is a tough business, money is on the line and emotions can run high.
Preparing ahead of time is essential so that in the moment you are just executing your plan.
This is the best way to stay in the game for the long haul
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