Psychology in trading

[colton]

Using emotion wisely, thinking promptly, and exercising discipline are key features of trading psychology which help in trading with logic and focus.

 

[Stannary]

Trading psychology is an important factor that contributes to the success of the trade. It takes time and consistency to develop the right trading psychology that allows traders to make rational and logical trades.

 

[Behoove]

Emotions are an excellent tool if managed wisely. Used wrongly, however, they take a heavy toll on a trader's success.