Psychology of Trading: Mastering Your Emotions

Why Psychology Matters

You can have the best strategy in the world, but if you cannot execute it without emotion, you will fail. Fear of missing out (FOMO) and revenge trading are the biggest account killers.

Tips for Mental Discipline

• Journal Every Trade: Writing down your thoughts helps identify emotional triggers.
• Take Breaks: If you take a loss, step away from the screens for a while.
• Visualize Success: But prepare for losses. Accept that losses are part of the business cost.