🧠 The importance of psychotrading is emphasized as a fundamental aspect of successful trading, even for those with automated systems.
⚖️ Maintaining psychological balance is crucial, as trading is inherently difficult, requiring consistent decision-making over long periods.
🛡️ Confidence in one’s trading system is essential, especially during losing streaks, to avoid emotional decisions.
🎢 The concept of a ‘trading bridge’ is introduced, where the width represents the trader’s comfort level with risk, and maintaining a wide bridge is key to long-term survival.
@josantrader:
“Trading is very difficult, and making money in the markets is very hard. Although making money is actually very, very simple—because you buy, you sell, and that’s it, you don’t have to do anything else—the problem is knowing when to buy, when to close, when to sell, when to close, and doing that again and again and again, one day and another day, and another day, and one week and another week, and one month and another month, and one year and another year, and ending up alive. That’s what’s difficult. What’s easy? Well, I buy and I win, or I lose. But being psychologically well is fundamental, because in the end, this is very complicated, even if you have a system that gives you money.”
Watch the exact part of the video where Josan Trader talks about trading psychology here:
Watch the video on YouTube.
Read more articles by the world’s top 100 analysts on trading psychology at the following link. BLOG.
