Trading Psychology - The battle between the individual and the group. Every trader behaves in accordance to their own emotional makeup. Fear, Greed, Hope and Regret drives trading behavior. We all know them! Trading the markets is a battle. The ups and downs are inevitable! Our mindset before, during, and after each battle needs to be correct. There are many discussions regarding on how to eliminate emotions with trading plans/trading systems and I have participated in my share. Some of the aspects include discipline, risk management, etc... but one behavioral perspective not talked about a lot is that people love to join groups and act like everyone else. Herd mentality... It's such behavior that can cloud your mind. It's human nature! How do you Traders eliminate or combat that behavior in your trading?? All opinions welcome!
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