Trading Psychology | Psychology of Successful Trader | Wake up to Reality

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Published Aug 10, 2023

Trading Psychology of Successful Trader

Psychology plays 90% role in trading ~
A trader's psychology is important because it directly impacts the decision-making process, performance, and overall success of the individual. Trading psychology emphasizes the importance of self-awareness, emotional regulation, risk management, discipline, and resilience in order to make more objective, consistent, and successful trading decisions. A good trader never trades on hope. They analyze the market and take calculated risks. A good trader stays out of the market when in doubt. A good trader does not chase the market.

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