Post
Topic
Board Nigeria (Naija)
Re: Trading psychology
by
GPVibes
on 21/07/2025, 12:52:01 UTC
You have some good points and guide to trading. All the points that you have raised fall on one major point and that is discipline. And one that I will point at is to set realistic goal.

So it is just like saying Patience + Emotional Control + Confidence Vs overconfidence + Risk Tolerance and Management + Focus and Mental Clarity = Discipline.

Okay to single out confidence vs overconfidence, you see that is when you are discipline to wait for the right time to enter a trade order that you can be confident about your decision that you have followed your strategy and even if you want to be over confidence then you use stop loss to guide incase your strategy fails because no strategy is perfect as far as trading is concern. But the point is about discipline and it matters alot in trading. A trader that is not discipline will keep making minor mistakes that will keep burning down their account.

Lack of discipline makes a trader to follow every trade without minding if the market is ready. Lack of discipline will make a trader to be assuming instead of following price action. I believe discipline is the A - Z of trading no matter the strategy that you have, you must be discipline with it for it to yield profit for you.