Trading Psychology Practical Tips, Part 4

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Feedback loops.

Need a person outside of yourself. Here are 3 ways to do that:

Can be a friend.

They hold you accountable, but not necessarily better than you to actually help you.

Can be a trading room.

You watch their trading, but you really need someone to watch YOUR trading.
Makes you dependent.

Only security is to have a skill you own.
Be self-empowered.

Can be a coach.

Only way this works well is if they look at YOUR trades and give you the feedback.

 


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