Is it the psychological aspect of trading?
brain.jpg
Some other traders will say that the psychological aspect is the holy grail of trading.
And again, its also a very important aspect of trading.
How traders need to deal with emotions is what makes trading different than other aspects of life.
And let me give you two examples: Lets say you want to run a marathon or play a very difficult piece of music in the guitar.
To play that song, you know that you need to practice, and if you do your homework, sooner or later you’ll be able to play it. To run a marathon you need to train, but again, if you train and do what you are supposed to do, you’ll be able to run it.
When it comes to trading though, even when you do everything right, and you follow all your rules, the market could still move against you and stop you out.
That is very difficult to deal with (internally)…
But no, it’s not the psychological factor, its something bigger.
- See more at: http://ift.tt/1vZkn2K
brain.jpg
Some other traders will say that the psychological aspect is the holy grail of trading.
And again, its also a very important aspect of trading.
How traders need to deal with emotions is what makes trading different than other aspects of life.
And let me give you two examples: Lets say you want to run a marathon or play a very difficult piece of music in the guitar.
To play that song, you know that you need to practice, and if you do your homework, sooner or later you’ll be able to play it. To run a marathon you need to train, but again, if you train and do what you are supposed to do, you’ll be able to run it.
When it comes to trading though, even when you do everything right, and you follow all your rules, the market could still move against you and stop you out.
That is very difficult to deal with (internally)…
But no, it’s not the psychological factor, its something bigger.
- See more at: http://ift.tt/1vZkn2K
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