Trading Psychology Practical Tips, Part 1
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Many traders will tell you that the psychology of trading is more important than the trading method you’re using. WRONG!
Others say trading psychology is equally important to the trading method you’re using. AGAIN, WRONG!
Your trading method is the most important thing because …
Having said that, it’s not either/or, it’s both/and. But it’s isn’t a chicken and egg scenario. You need a statistically viable trading method BEFORE your trading discipline even comes into play.
You could be a perfectly disciplined trader, and keep your rules with absolute 100% perfection, but if your trading rules don’t give you a probability scenario over a large number of trades, you’ll be a perfectly disciplined losing trader!
My trading room example of watching amateur traders.
This is part 1 of a 3 part series.
