Better understanding of trading psychology

Mastering the psychology of trading is an art. Your emotions, fears, hopes and dreams will change over time. You must be able to adapt.

Stocks need time to consolidate after a big run, and so do people. We need time to integrate the mental and emotional skills behind our big wins.

If you succumb to careless trading, there is often a thought or emotion behind the decision. Find out what happened and try to fix it.

Many people recommend getting rid of emotions in trading... but this is 100% impossible. Instead, define your goals and remind yourself how trading can help you achieve them