Quote from: rachael9385 on Today at 05:38:49 PM

Quote from: K_vin on February 13, 2025, 10:22:13 AM

psychology and emotions contributes mostly to trading success or failure, I think they both have equal weights in effect on an individual in the trading industry

For example indiscipline may most likely have the same effect as fear or greed on a trader per time....what you think, does one have influence more than the other and how?

The first thing you must learn as a trader is emotional discipline, this is what is going to help you avoid unnecessary losses. The market can mess with your mental state sometimes and if you are not mature it would be disastrous for you. I would suggest that topics on trading psychology should be taught in trading academics because so many beginners are out there falling into the mental trap of revenge trading. An emotional trader can never be successful, you must avoid greed at all cost. If you are serious about minimizing your losses you'd focus on strategic trade instead of flipping cause that's almost like gambling.

Very true sir, the challenge is just that alot of traders don't want to learn these things even when someone is ready to teach them, they just want to make money