Expect worse and expect less… And continue so, because all the small gains may get wiped out with one big loss
The market will teach you many lessons before you consistently make money. The most dangerous thing you can do is make a lot of money at the beginning. That usually leads to recklessness and big losses in the long run.
Trading psychology is very important for everyone who is interested in trading. Everyone needs to know how to separet emotions from trading. Greed and impatience are the greatest enemies of successful trading. You must be able to distinguish between distructive and constructive emotions
Can you please make example a constructive emotion? I believe all the emotions are destructive in business field… Look at a grocery store owner. How stoic he should be during the beginning of his career.
Can’t agree more
Cant agree more
Saved me my capital a number of times when I am trading crude… Good one