WHY 99% FAILS IN TRADINGš° ??
š§æUnderstanding Trading Psychologyš±
ā Emotional Discipline:
Trading requires controlling emotions like fear and greed. Emotional decisions often lead to impulsive trades and losses.
ā Patience and Focus:
Successful traders exercise patience, waiting for the right opportunities instead of chasing the market.
ā Risk Management:
Effective traders manage risk by setting stop-loss levels and using proper position sizing.
ā Adaptability:
Markets change constantly. Being flexible and open to new strategies is essential.
ā Confidence Without Overconfidence:
Confidence comes from preparation and practice, but overconfidence leads to excessive risk-taking.
ā Mindset for Losses:
Accepting losses as part of the process helps traders stay grounded and avoid emotional breakdowns.
