Psychological preparation for trading

The mental attitude before trading is very important for profitable trading..

When you are in a good mood and feeling well, your results will be very good even in a bad market., but if something bothers you or feels bad, tired or whatever, even in a good market, there are many chances to end the day in the red. You should always tune in before trading, throwing everything out of your head.. So that nothing bothers you, it is necessary to form the right attitude to the market.

  1. The market doesn't owe anyone anything! It's foolish to think, if i bought this share, he MUST grow. She SHOULD NOTHING. You only have probabilities. If events do not develop according to your scenario, immediately exit the deal. No need to get attached to what you want. It is necessary to adequately and soberly assess the situation.
  2. It's impossible to be right all the time.. We are all wrong. Our calculations are not always correct.
  3. Know where you will stay. Never lose control of a situation, create rules.
  4. Treat as profitable, as well as unprofitable transactions. Profit and loss is an integral part of our work. And the only task is to have more profitable trades.
  5. Move away emotionally from every trade and every day. What matters is the result at the end of the month.
  6. Don't chase money. Our goal is beautiful and correct deals. Strict adherence to your rules, tough discipline. And the money will come by itself. When you move away from the financial side, the result is always better. That, what do you focus your attention on, is of great importance.
  7. Always believe in success and never lose heart! Never give up! The path lends itself to walking and success comes to persistent and hardworking. Treat your business with love!
  8. Continuously learn! Grow and develop constantly. The market changes all the time, therefore, we must be flexible and respond to changes in time.
  9. You should not have any emotions when trading, it is one of the most difficult to trade. Учитесь управлять ими, you must command them, not them by you.
  John Bogle / John Bogle
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