#BinanceHODLerTOWNS Here is a psychological summary for the beginner trader
Success in trading starts from within; mindset and mental discipline are more important than any strategy. Fear and greed are the biggest enemies of the trader; control your emotions and do not make decisions under pressure. Do not chase the market or enter out of revenge after a loss. Stick to your plan no matter how you feel, and do not let the feelings of profit lead you to arrogance or excessive risk-taking. Continuously monitor your mental state, and write down your feelings during trading to understand your behavioral patterns. Take breaks to clear your mind, and do not trade when you are exhausted or angry. Accept losses as part of the game, and focus on the long term rather than quick gains. Do not make trading the center of your life, and strive for a balance between work and rest. A successful trader is one who controls themselves before trying to control the market. Discipline, patience, and mental calmness are the keys to true profit.