When it comes to Trader Psychology, I always point new traders in the direction of Mark Douglas. His books, most famously " Trading in The Zone " are staples in the industry helping traders gain the foundation they need to develop the proper trading mindset.. While there are too many amazing lessons to present in this post, here are 20 of my favorite Mark Douglas quotes of all time. By placing this confine on your trading you will inevitably hit the target. 10. Trading Psychology and Self-Reflection. Never be too proud that you are unwilling to point out your flaws. In this article, you will see a number of examples where I have called out flaws in my trading. Quotes tagged as "trading" Showing 1-30 of 84 "You never know what kind of setup market will present to you, your objective should be to find opportunity where risk reward ratio is best."
Warren Buffett Comment: As another quote said, trading is not about intelligence but emotional discipline. The guy who is patient, disciplined and has strict money management rules will likely outperform the guy with a high IQ. 9. Trading Psychology Quotes Quotes tagged as "trading-psychology" Showing 1-30 of 32 "Trading doesn't just reveal your character, it also builds it if you stay in the game long enough."
Trading Psychology - Wise words from the seminal work of legendary author Mark Douglas on the psychology of trading "If you can learn to create a state of mind that's not affected by the market's behavior, the struggle will cease to exist." "When you genuinely accept risks you will be at peace with the outcome." Best Quotes From The Psychology of Trading - Tools & Techniques For Minding the Markets: Successful market participants seek out their weaknesses and learn when they fail. Unsuccessful ones avoid their shortcomings and, thus, fail to learn. You will not become a better trader by emulating a market guru.
Meaning: A trading quote to remind you to keep your trading strategy simple. The more complex your trading strategy is, the more things can go wrong. 6. "Novice Traders trade 5 to 10 times too big. What is Trading Psychology? Trading psychology is a broad term that takes into account everything that involves your emotions when trading. When traders refer to trading psychology they are normally referring to the mistakes and mental errors that they continually repeat that cost them money. Looking for the best money management, swing trading, psychology, stock market and Forex trading quotes to become a better trader? Look no further. We have 40 of the best trading quotes of all time.
6 Powerful Trading Psychology Quotes from Mark Douglas Any Forex trader with even the smallest amount of trading experience will understand how much of a crucial role trading psychology plays in your trading success. Forex trading is one of the toughest, if not THE toughest mental challenge you will ever face in life.
Psychology matters more to trading or investing than perhaps any other income-producing activity. An overview of Trading Psychology to understand what goes inside the mind of a trader: Trading psychology is the most important aspect of trading even more important than the technical and fundamental aspects of making trades.