The world of trading is not just numbers and candlesticks; it is a psychological battle in every sense of the word. The successful trader is the one who understands their psychology and controls their emotions before entering any trade. Greed, fear, hope, all of these are deadly emotions if not managed.
In my experience with the $BTC currency, I learned that discipline is the key. How many times have I entered a trade just because the market was moving strongly? And how many times have I exited before the target due to fear? Trading psychology is what distinguishes an amateur trader from a professional one. Make sure to write your plan before entering, set your exit points before entering, and do not let market fluctuations decide your fate.
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