Develop a strong mindset to handle the ups and downs of trading from "summary" of Reminiscences of a Stock Operator by Edwin Lefevre
It is essential for traders to have a strong mindset in order to navigate the unpredictable nature of the markets. Without this mental fortitude, it is easy to become overwhelmed by the highs and lows of trading, leading to emotional decision-making that can have detrimental effects on one's portfolio. The ups and downs of trading are inevitable, and it is crucial for traders to be prepared for these fluctuations. Developing a strong mindset involves being able to stay focused and disciplined, even in the face of adversity. It means being able to control one's emotions and not let fear or greed dictate ...
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