Trading Psychology: Inside the Mind of a Successful Trader
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Trading Psychology: Inside the Mind of a Successful Trader

Psychology is one of the basic components of technical analysis along with mathematics and geometry. Psychology is a subject that best helps us understand human nature and emotions. It helps us to know why people feel, think and act the way they do. One of the main reason why technical analysis works is that human nature and emotions remain the same irrespective of era one is in. People were greedy and fearful even a hundred years back as much as they are now.

Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success. While trading emotions often clouds our decision-making. And it is very difficult to conquer our inherent emotional biases. But we can understand the range of emotions we may experience as a trader and how it affects our interaction with the stock markets. Greed, fear, hope, euphoria, panic among others are the range of emotional biases that every trader comes across while trading. To be successful trader we need to keep these emotions in check.

At Profit Hunter, we educate are our readers about such emotional biases and help them conquer these emotions to become a successful trader.

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Asad Dossani discusses an experience that helped him control his emotions while trading. It takes years of hard work, but over time you can reduce your emotional reaction to trading losses. This improves your performance and reduces the stress you often experience as a trader... Read More

Get Comfortable with Taking Risk

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