Emphasize the importance of selfawareness and emotional control in pivot point trading from "summary" of Secrets of a Pivot Boss by Franklin O. Ochoa
The ability to succeed in pivot point trading hinges on one's capacity to cultivate self-awareness and exercise emotional control. These two traits are often overlooked but are essential for maintaining a calm and rational mindset amidst the chaos of the market. Being self-aware means understanding your own strengths, weaknesses, biases, and tendencies as a trader. This introspection allows you to make more informed decisions and avoid acting impulsively based on emotions. Emotional control, on the other hand, is the ability to manage your feelings and reactions in high-pressure situations. The volatility of the market can stir up a range of emotions, from exci...
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