@Moncats 12 December 2021 more from that month

15 Trading Psychology Tips for Active Traders 1. Take a Mental Note of Where You're At Don't let one trade influence another trade. Approach every trade as if it's the start of the day. 2. Avoid FOMO You are not going to catch every trade. 3. Move on From Bad Days Every trader has bad days, weeks, and months. 4. Don't Make Today's Trade Tomorrow's Problem The beauty of day trading is that you can always come to the market with a clean slate. 5. Take Control of Your Trading Are you controlling your trading or is trading controlling you? 6. Focus on Consistency Consistency is key to your success. Strive for consistency in all areas of life. 7. Beware the Blinders Great traders do not get overly biased. 8. Focus on What Drives You The monetary rewards of trading are only fulfilling for so long. 9. Be Skeptical of the Obvious Trade Be cautious of trades that seem "too easy" or "too obvious." 10. Don't Dwell on Trading Losses In trading, losses are just the cost of doing business. 11. Overcome Large Losses Certain losses sting more than others. If you face a large loss, focus on what went wrong (and be honest!). 12. Stop Making Excuses Successful traders don't make excuses. They don't blame the market or other traders. 13. Stop Comparing Yourself to Other Traders There are levels to trading, and there is always someone doing better than you. 14. If You Are Wrong, Be Wrong Being wrong is a part of trading. If a trader has a 75% win rate, that means he/she is still wrong 25% of the time. 15. Embrace the "Next" Mentality Day trading is a fast-paced activity. There's no value in bringing the baggage from past trades into new trades. @crypto_news #crypto #trading #investment