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 rule number 1: do not lose money It often makes people smile when I tell them that my number 1 rule is not to lose money in financial markets. On my blog's trading forum I often hear from traders who are dissatisfied at the end of the day because they have only earned a […]
Maximum Drawdown or the Max Drawdown for those in the know, is a quality indicator for trading and risk management To improve your trading, you must be able to analyse the quality of your trading. The Profit Factor coupled with the Maximum Drawdown will give you an “honest" statistical view of the quality of your […]
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