Trading stocks is not just about numbers and charts. It’s also about the state of your mind and emotions. This is where stock trading psychology comes into play. Stock trading psychology is a critical aspect of successful trading that often gets overlooked. It...
Trading Psychology Articles
Trading psychology is the most underrated driver of trader performance and profitability. Trading is considered among the most challenging professions because it demands strong control over your emotions.
Sometimes, even with the best tools and indicators at your disposal, you can’t be profitable in this profession because you haven’t developed the right trader mindset. You can be the most competent discretionary trader in the world or a systematic trader who has created multiple profitable strategies. Still, you are setting yourself up for failure if you can’t control your emotions.
At Enlightened Stock Trading, our goal is not only to transform you into a profitable systematic trader. We also want to help you develop the trader’s mindset.
Do you want to know the difference between mediocre and super-successful traders?
No, it is not the indicators they use, how fast they execute or even the systems they use. You can give the same trading system to two different traders, but their performance can diverge wildly by the time you end your experiment. The trader who focuses on his trading by trading in the zone and developing the right trader’s mindset will always outshine a trader who didn’t work on his psychology.
Our videos on trading psychology are here to help you develop the right trader’s mindset. We at Enlightened stock trading promote systematic trading, an approach that eliminates more than half of the mistakes that discretionary traders make while trading. However, systematic trading alone won’t help you in getting rid of all the emotional mistakes you make while trading.
You can have access to the best trading system, but you can still get tempted to change that system’s pre-decided rules and conditions when markets are not working in your favour. Many successful systematic traders have tried to play with the rules of their systematic strategy during prolonged periods of drawdowns or choppiness in the market, only to realize that they were better off by not changing them and riding the storm with the system unchanged.
In our blog section on trading psychology, you will find videos where we have interviewed market veterans like Brian McAboy and eminent clinical psychologists like Dr. Takanori Endo. You will also find insightful videos about how to conquer your fears when trading and the top psychological mistakes you should avoid while trading.
Lastly, as a consistently profitable trader for over twenty years, I will share a little secret: you can always improve. In my journey as a trader, I faced several hiccups initially. But those hiccups were temporary. It took me time to look for areas where I needed to improve, like my trading approach, how to discern market opportunities and build strategies to exploit them, and how to have the right mindset as a trader. But you don’t need to reinvent the wheel as I did.
You can expedite your learning and become a profitable trader in a short time by going through our videos and content at Enlightened stock trading. You can also get your FREE stock trading resources to learn stock trading & improve your trading fast by clicking here: https://enlightenedstocktrading.com/free-online-stock-trading-courses-training/
Click Here to watch all of my Stock Trading Psychology videos in this special YouTube Playlist and don’t forget to subscribe to the Enlightened Stock Trading YouTube channel to get all of my trading video updates. Click Here to Subscribe C
Adrian Reid: Hi, Adrian Reid here for Enlightened Stock Trading, and today I can't tell you how excited I am, because I've got a special guest, and I'm speaking today with Peter Castle, who is a longtime trader and a really cool guy who focuses on... He's a systematic...
Look, I think the biggest challenge that I faced in my trading journey is really just understanding my own psychology and learning about myself as a trader and what I need. I mean, I read a lot of books about different styles of trading and in the early days I was...
As a trader, the temptation to do something is very high. But there's something to resist because the money is not made by trading, but by sitting and doing nothing. That's important because once you're in a trade, you've got to wait. It's only by waiting until you...
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We're trading for one specific purpose, mostly to make money. But the flip side of that, if we get it wrong is that we lose money. And when we're placing a trade, the fear comes up in three places. The first time that fear comes up is when you're about to hit the buy...
It all comes down to your psychology, which is rooted in the confidence you've got in your system and your rules. If you're finding that when you're trying to place trades, you've got impulsive reactions like "Oh, this is a good one. I'm going to place a double order...
If you are like most traders, you probably look at your account each day and ask one question: “Did I make money today, or did I lose money today?” Unfortunately this (on it’s own) is the wrong question to ask. For this to be useful you need to also ask a second...
Once upon a time I experienced anxiety and stress every time I took a trade. I had trouble sleeping and I found myself regularly checking my positions and second guessing myself constantly. This post explains how I eliminated all of this! READ MORE NOW >>>
There have been some moves in the markets this last 2 weeks! The stock market has crashed from all time highs which has sparked an unnatural amount of pain for most traders. here is exactly what you should do with your stock trading systems when this happens.
A HUGE trading mistake that many traders make is not following their trading rules consistently. This will sabotage your long term success and prevent you from achieving your stock trading goals.
Fear causes many retail (and professional) traders to second guess themselves, exit trades too early, skip trades they should take.
This happens because none of us want to lose money trading and when the market gets volatile or starts falling it is all too easy for this fear to impact your trading psychology and hurt your trading decisions.
Letting any emotions get in the way of your trading is a mistake and will cause you to lose money trading.
The best solution to eliminate this trading mistake is to have a correctly backtest and profitable trading system that you have 100% confidence in.