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foroom lluzers

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Post here anything that improves a trader's understanding of himself as a trader (trading psychology) or trading related quotes .Please do not post live trades ,signals ,systems and technical anylysis.

Let us start off here

If you freeze during trade execution , sometimes called anylysis parylysis , it is the stress response of fight , flight or freeze.
 

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All good traders manage trading emotions and stress responses , their methods of making money incorporate trading psychology.
 
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KISS KEEP IT SIMPLE STUPID

Keep your systems and trading methods simple , so the stupid can follow them.
 
Most trading decisions are made by the faster emotional brain , Your emotional brain is faster than your rational brain , it calls all the shots in live trading.
 
Processing information of 800 pages of Pring's Hindsight Technical anylysis examples is sure way to failure in live trading.
 
A full understanding of psychology will reveal the rationale for failure of the 95%, a subject hidden from most traders .
 
Trading is very easy and very simple .just get a set and forget strategy , It avoids the snake oil of market timing , psychological wired to lose handicap and is very easy to use.
 
Patience is a skill learnt after losses on short term trading , the impatience of short term gains breeds losers.
 
Patience is profit , if after opening a well researched trade one has patience to hold , trade is most likely to go into profit in a few weeks .
 
If traders don't understand the mind ,how it works subconciously in trading , the traders can not have any plans for the risk of underperformance or failure due to psychology.
 
All the systems ,methods and techniques are useless , if the command centre in the brain shuts down in a stress response.
 
Day trading does not give enough time for your trades to be profitable , better to gain from weekly and overnight gains of much greater profits.
 
Traders are taught you need to know what will happen next to make money , you don't need to know what will happen next to make money.
 
Prediction method is what that looks like in trading is trying to predict what the market will do rather than take advantage of what the market is willing to give you ,thus creating a failure of you as a trader.
 
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