Free Online Trading Lessons Archives
Managing your emotions in futures trading
Manage your emotions, then manage the trade: Trading Psychology does matter
Traders spend countless hours paper trading, studying charts and dissecting fundamentals but they often fail to prepare themselves for 90% of the challenge...emotion. DeCarley Trading believes that success is only minimally determined by strategy and knowledge. As a result, it is critical to be aware of the potential emotional obstacles that come with active trading, attempt to prevent them, identify them when they arrive, and behave accordingly. Join us for a discussion on effectively managing emotions before, during and after a trade.
Some of the topics covered will be:
o Psychological preparation for leveraged speculation
o Steps to keeping a clear mind before, during, and after a trade
o Tips to avoid the feeling of panic while trading
o Examples of emotional trading decisions and how to prevent yourself from making the wrong choices at the worst time
o And more...