Five Trading Don’ts and What To Do about Them

From dailyfx.com

Trading can be complicated to learn. Many traders spend hours every day on their charts, yet still find success elusive. Part of the difficulty can arise when little attention is paid to the mental side of the game. Developing a mental edge is just as important as possessing a technical trading edge. Here are five common mental ‘wrong steps’ that can quickly derail your trading. These can blindside you no matter how good your technical skills. This brief discussion regarding these trading don’ts offers an introduction to trading psychology and some sensible solutions: What Not To Do 1. Have an opinion. One sure ... (full story)