Good morning friends. What is Trading Psychology? To know whether you've a good one or not, examine the way you trade.

First, do you enter a trade without confluence of multiple indicators just because you're being bored and frustrated and want to do trading? Second, do you keep increasing your stoploss hoping for a reversal while the market is moving against your analysis? Third, do you hurry to exit the trade once the market starts moving against you after giving you some profits? If the answer to any of these questions is yes. You need to work on your trading psychology.

How to improve that. First, be patient and wait till a confluence of at least 3 factors that indicate that the market is now willing to go in a certain direction. Second, set a realistic stoploss that respects the volatility of that market but get you out when a move bigger than normal volatility happens in the opposite direction. Third, set a realistic take profit considering the price structure instead of a random number that you want to earn from. Last but not the least, forget about that trade till your stoploss or take profit is hit.

It'll set you free. From being someone who's constantly bound to the screen to the one who's confidence in his abilities and expectations. Let's win together!