The purpose of this thread is to list a number of basic concepts/ideas in trading psychology. I'll start by giving a number of well-known ideas/concepts myself, from other authors.
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“80 percent of success is due to psychology—mindset, beliefs, and emotions—and only 20 percent is due to strategy—the specific steps needed to accomplish a result”
tell that to any one of 1000's of mindless emotionless algos infesting the markets...and making a killing!
Just added this to my shopping basket, thanks. Noticed it says on the cover that the author is a high-stake day trader, would you still recommend it to a swing or position trader? From the title I'm assuming there's value to all traders and that the book focuses on improving the trader's psychology but thought I'd ask since you've read half of itHalf way through 'Best Loser Wins', by Tom Hougaard. Thoroughly recommended.