Trading Psychology - EMOTIONS
Professional Day Trader Mentorship Program • 12m
There are many skills that day traders must possess; these skills range from reading charts to calculating risks, but nothing is as important as having the right psychology from the get-go. In my experiences through trade rooms, social media platforms, & news outlets, are that most short-term traders are dictated by emotions rather than logic.
So with that said, psychology plays a large & underappreciated role in the life of a day trader, given all the many “Cognitive Dissonance” affecting human behavior. And many of these same biases carry over into the way we behave with money in general.
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Trading Psychology - OVERTRADING
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Charts are the single most important resource for many day traders, because they provide high-level insights into the market’s psychology. At a glance, they can help evaluate whether a security is trending higher or lower, whether investors are confident or nervous, & what levels are being watche...
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