Trading psychology
Psychology is what separates the clear-headed trader from the blown account. A solid method is useless if emotions take over at the wrong moment: mental mastery is a skill in its own right, not an afterthought.
This section covers trading emotions—fear, greed, hope, regret—the cognitive biases that distort decisions, the drawdown that erodes confidence, and the tilt that derails a session. How to recognize these mechanisms, and how to build the discipline that resists them.
I approach it as an active trader since 1994 and a reader of the Stoics: what you can control, what you must accept, and why a trading journal is often worth more than one more indicator.
The articles below explore the trader’s mind, from composure under pressure to managing losing streaks.
Trading is, above all, psychological It is quite possible to control your emotions while trading, I have already mentioned the fact that a good trader is a calm and cool person. Are you cut out to be a successful trader ? In fact, if you're excited by your trading, or you are looking for a […]
Psychology in trading, the key to being a successful trader For the 20 plus years that I have been trading, I have seen thousands of traders who focus on their method of trading and their money management system. Some of them spend years finding and developing a type of “Holy Grail” technical application by […]
It may seem strange to have a trading rule which says that we should not follow the rules. And yet, I think that there are "conventional" trading rules which are commonly accepted, never questioned, applied by the vast majority of traders, and which can be harmful to our results. It is helpful to remember that […]
One of the most common errors that affect young traders, or even the most experienced traders, is to be on the market too much or even constantly. They run out of energy, they lose lucidity and in the end, they are much less efficient. Trading is an addiction (like the others) Let us not deceive […]
I have applied this rule for a few years, and coincidence or not, I have become a winning trader by applying it. I am not sure that this rule could apply to everyone. In my opinion this depends on each individual's personality and psychology. In my case, it has enabled me not to be easily […]
Trading is the most difficult and exhausting activity that I have ever practised. I have "been around the block"; I have been an IT engineer, an adult educator, a University professor, passing through less intellectual jobs such as farm labourer, market tradesman and I could go on. None of my previous experiences prepared me for the […]
While Trading rule number 1 is not to lose money, trading rule number 2 is to: reread rule number 1. You may find this trading rule funny or uninteresting, yet it is at the heart of any trading system: you must adhere to the rules that have been set if you want to make money […]
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