#TradingPsychology

Mastering Trading Psychology for Long-Term Success

It is not just based on charts and numbers. Trading is also a mental game. From fear, greed and FOMO can cloud one's judgment in extremely volatile markets. To help one stay rational, I have a strict trading plan and predefined entry and exit points. This keeps one from making rash decisions and keeps them away from emotions.

I also spend time analyzing my trades - understanding the kind of cognitive biases I have (confirmation bias, loss aversion). Knowing those in advance helps me to remain objective and fine-tune my strategies.

I keep a trading journal, record my progress and occasionally unplug from the markets to clear my mind. Emotional control and psychological resilience really help when it comes to consistency and profitability long term.