Trading Psychology & Discipline

The psychological aspect of trading is of utmost importance, from controlling emotions and quick thinking on the fly, to exercising discipline and avoiding fear-based decision making.

As Steve from Tremper.com explains in his webinar Learn Trading Discipline with Discipline Manager, there are a several areas where trading psychology comes into play:

• Dealing with losses
• Getting out of a position too quickly and not monopolizing on a move
• Holding a losing position too long
• Skipping trades due to fear of loss
• Overtrading

Learn more in this 1-minute video excerpt:

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