Mister Sailer
--
Bullish
📚 "Zone Trading" by Mark Douglas - all the most important in 5 minutes
The main problem of traders is the inability to manage themselves. This book is not about trading strategies, but about psychology, without which you cannot last long in the market.
The main thing:
▪️ The market does not owe anyone anything. Stop looking for justice in transactions or hoping that the market will "give back" to you what you have lost.
▪️ Create rules, do not rely on luck. Trading is a system where success is built on clearly defined principles.
▪️ Risk control is the key to success. Determine in advance how much you are willing to lose, and strictly adhere to this limit.
▪️ Emotions interfere with rationality. Fear of loss or euphoria from profit is what ruins even the strongest strategy 😟
▪️ Focusing on small things often leads to failure. Look at the market as a whole, and don't get lost in the noise and short-term trends.
Trading is not a fight with the market, it is a fight with yourself.
This book is a basic guide to psychology for every trader 💵
📌 Repost so you don't lose
The main problem of traders is the inability to manage themselves. This book is not about trading strategies, but about psychology, without which you cannot last long in the market.
The main thing:
▪️ The market does not owe anyone anything. Stop looking for justice in transactions or hoping that the market will "give back" to you what you have lost.
▪️ Create rules, do not rely on luck. Trading is a system where success is built on clearly defined principles.
▪️ Risk control is the key to success. Determine in advance how much you are willing to lose, and strictly adhere to this limit.
▪️ Emotions interfere with rationality. Fear of loss or euphoria from profit is what ruins even the strongest strategy 😟
▪️ Focusing on small things often leads to failure. Look at the market as a whole, and don't get lost in the noise and short-term trends.
Trading is not a fight with the market, it is a fight with yourself.
This book is a basic guide to psychology for every trader 💵
📌 Repost so you don't lose
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