Trading Psychology and the 5 Rules to follow

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The most common problem with any day trader is having the proper trading psychology. Trading psychology, meaning that a day trader can stay in control of their mind and not trade emotionally. In this video I’m going to give you five rules you must follow in order to maintain a healthy trading psychology.

5 rules

Gambling mentality | Strategies - Rule below 20 moving average - convergence, divergency | 3 things to get in a trade |

1. Rules-based trading
2. Do not trade on emotions - gambler mentality - 95% traders lose
3. Risk management - proper risk management - one to two percent rise, 4% reward
4. Proper risk management
5. Do not overtrade - Do not revenge trade - Trap