1.3.3 The Vocabulary of Patience and Fear
Investigate the underlying principles of trading psychology, the heart and soul of successful trading. In this video, we’ll look into the intricate vocabulary of patience and fear, unraveling the emotional nuances that impact your trading journey. Discover how fear and anxiety, greed and overconfidence can influence your decisions. Learn the art of discipline and patience, the backbone of a sound trading methodology. We’ll explore risk management and the perils of confirmation bias, offering you a holistic view of trading psychology. Understand the dangers of revenge trading, the power of emotional detachment, and the risks associated with overtrading. We’ll emphasize the importance of mental capital, the role of a trading journal, and the concept of a mental stop loss. By the end of this session, you’ll be equipped with the mental fortitude needed to navigate the financial world with confidence and discipline.
CLICK THE LINK BELOW TO OPEN THE VIDEO: