Audio available in app
Master the art of selfcontrol from "summary" of Trading in the Zone by Mark Douglas
The ability to exercise self-control is crucial in the world of trading. It is the difference between success and failure. By mastering the art of self-control, traders can make rational decisions even in the face of uncertainty and pressure. It allows them to stick to their trading plan and not be swayed by emotions. Self-control is not an innate trait; it is a skill that can be developed over time through practice and discipline. Traders must be able to control their impulses and resist the temptation to deviate from their strategy. They must be able to stay calm and...
Similar Posts
Focus on quality trades over quantity
When it comes to day trading, one common misconception is that more trades equate to more profits. However, this is not always ...
Stay updated with regulatory changes in the market
It is crucial for investors and traders to keep themselves informed about any regulatory changes in the market. These changes c...
Monitor changes in management
When you're investing in a company, it's not just about the numbers. Of course, the financial figures matter, but so does the m...
Develop a trading plan to guide your actions
Creating a trading plan is essential for any forex trader looking to succeed in the market. This plan serves as a roadmap that ...
Seek out diverse perspectives and insights to inform your decisions
When making decisions, it is imperative to seek out diverse perspectives and insights. This entails looking beyond our own bias...
Stay motivated and committed to your journey towards financial success
To achieve financial success, you must maintain unwavering motivation and commitment throughout your journey. It is essential t...
Take breaks to clear your mind and refocus
When trading, it's easy to get caught up in the fast-paced environment and lose sight of the bigger picture. Taking breaks allo...
Recognize the clustering illusion
Our minds are pattern-seeking machines. We are wired to find meaning in randomness, to see order where there is none. This tend...
Financial success is attainable through simple, lowcost investing strategies
Investing doesn't have to be complex or expensive. In fact, simple, low-cost strategies can lead to financial success. Many peo...
Treat trading as a business, not a game
Trading is not a game; it is a serious business that requires a strategic mindset and disciplined approach. Just like any other...