The average trader that is just starting out thinks that the way towards success in day trading is by finding the right strategy. If only you would find a strategy that works, you’ll be out of the water, drinking the cool-aid in no time..Sound familiar?
I’m sorry, but that just isn’t the case. Yes, a good trading strategy and a proper broker are vital components, but the biggest attribute determining your success as a trader is your ability to have control over your emotions. Ask any professional trader and they’ll confirm my words.
In order to help to improve your odds of success in your day trading ventures, I’ve listed 7 main emotions that affect your decisions and ways to get them under control:
I hope you enjoy! 🙂
It would mean a lot to me if you could share your experiences with the emotions listed above. How did they affect you and what have you done to overcome them?
To your Success!
Paul
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Emotions play a very vital role in day trading, a trader should not involve in such things, some time news and media also drive some emotions which might lead to a bad trade.