Tag: Trading Mentality

cognitive bias
Jul 04

Trading Psychology: 10 Biases to Avoid!

Especially when money is on the line and time is scarce, human decision making can be very flawed. Trading is one of the fields where erroneous and irrational behavior patterns are especially common. In this article, we’re going to look at the most common cognitive biases and irrational decision making patterns, and how to avoid them. Being aware of these thinking flaws has two main advantages. Firstly, it helps you avoid them in your own Read more

traits of successful traders
Oct 17

Top 7 Traits of Successful Traders

In my opinion, not all profitable traders are also successful traders. You can certainly be a profitable trader without being a good, successful trader. For instance, if you always risk all your capital on every trade, you might be profitable for a while, but you certainly wouldn’t be a good trader. Enough time, however, will separate the profitable traders from the truly good and successful ones. In this article, you will learn what distinguishes a Read more

best trading psychology books
Feb 13

The 6 Best Trading Psychology Books That Every Trader Needs to Read

Dealing with emotions and having the right mindset whilst trading can be one of the hardest parts of becoming a successful trader. Humans simply aren’t completely rational beings, especially not when hard-earned money is at risk. That’s why the main differentiator between winning and losing traders is not their strategies. It is their mindset! To acquire the mindset of a winning trader, you can read books to learn from the industry’s best. This article will Read more

Psychology and Trading
Jun 04

Psychology and Trading – Trading In The Zone Summary

Trading is a very unique activity, especially in regards to psychology. Having the wrong mindset when trading can be detrimental to success in trading. That’s why I recently read a book that is all about the psychology and trading and the importance of developing a right mindset. The book is called ‘Trading In The Zone’ and is written by Mark Douglas, the author of ‘The Disciplined Trader: Developing Winning Attitudes’. Mark Douglas is of the opinion Read more