Trading psychology is an important yet often overlooked aspect of trading. It is a field of study that focuses on how traders think, act, and react in the markets. It is a combination of cognitive science, psychology, and economics. Trading psychology seeks to understand why traders make the decisions they do, and how this knowledge can be used to improve trading performance. Traders often make decisions based on their emotions rather than objective analysis. Fear and greed are two of the most common emotions that can cause a trader to make poor decisions. Fear can cause a trader to exit a position too soon, or to not enter a position at all. Greed can cause a trader to hold onto a position for too long, or to take on too much risk. The first step to developing good trading psychology is to become aware of your own emotions. Take the time to recognize when fear or greed is driving your decisions. Once you become aware of your emotions, you can start to develop strategies to manage them. One strategy to manage emotions is to create a trading plan and stick to it. ➡️Get My Trading Psychology Course ➡️ https://livetraders.com/course/detail/59AjW6J ✅My REAL Social Accounts
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Website: https://livetraders.com/ 00:00:00 Introduction
00:03:26 Mindful Trader
00:12:01 The Truth about Trading
00:31:38 The Wheel
00:38:09 Would You take this Trade?
00:50:19 Fear Based Trading 00:59:50 Imagine…
01:03:24 What is Trading, Really ?
01:27:50 Summary
01:31:21 Q & A #daytrading #stockmarket #tradingpsychology

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