Trading is full of adventure. It has fear, greed, emotions, happiness, disappointment etc. For success in trading mental analysis matters more than technical analysis or fundamental analysis, that’s why all successful traders work on their trading psychology.
Here are some TED talk video on trading psychology that could help traders a lot.
Psychologist Kelly McGonigal talks about how to make stress your friend.
Success in any field including trading depends is the result of the same factors that lead to success. Psychology plays the key role.
RICHARD ST. JOHN: 8 SECRETS OF SUCCESS
Everyone fails in life, there is no successful person who doesn’t fail. Those who continue after failures becomes successful in life. In the language of psychology this is called as grit. Psychologist Angela Lee Duckworth talks about the theory of grit the stamina to continue through failures. If you are a trader struggling with strategy failure continuous triggers of stop losses then this Ted talk should help you.
Trading is all about making decisions. Decisions to go long or short, decisions for entry and exits. A day trader has to take lots of decisions. Harvard psychologist Dan Gilbert talks about Why we make bad decisions.
Abhishek is an Engineer MBA in Finance and Certified Research Analyst. He is an active trader and investor in the stock market since 2010. Follower of the philosophies of Warren Buffet and Peter Lynch in investing and trend following in trading.