Article Three Challenges to Conquer for Trading Success

T2W Bot

Staff member
1,451 54
Learning to trade is much more than just learning a strategy and applying it. In my classes I try to emphasize how important the psychological side of trading is to your trading success. This is why we could give 10 traders a completely mechanical trading system with very specific rules, and at the end of the month, there will most likely be 10 different results. Even though everybody was given the exact same rules to follow, human nature will cause people to override the rules because of the different psychological make-ups we all have.
Here are some of the things that could impact the results of this study:

Some traders will not accept losses and move their stops or worse, not have one in the market
Some traders will place their stops too close because they don’t like larger losses, or are trading undercapitalized – Scared Money
Others will take profits too early because they hear voices (Ego) in their heads telling them that if they don’t...
Continue reading...
 
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VinceS2

Newbie
2 0
We've just published a new T2W article called (url=dev.trade2win.com/section/articles/1458-three-challenges-conquer-trading-success) "Three Challenges to Conquer for Trading Success" by Don Dawson.
What's the chances of moving this off the dev. boards? It asks us pleb users for a dev password and thus we can't see the article which, from the title, I doubt was intended...........? Thank you.
 

tradingguru2

Newbie
7 0
a lot of good wisdom shared here ,thanks mate
 

zsawevv212

Member
60 2
this can be useful for any trader
but i want to say that there are not only three challenges that a trader will face in fact trading is a very hard work .you may face problem everyday ,if you want to be a sucessful trader you must bear more and carry on
 

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