How to understand the collective ego to help you with your trading psychology

in ego •  7 years ago  (edited)

This is a great video that will help teach you how to understand the collective ego.

I firmly believe that trading sentiment is ego driven (aka fear and greed based).

If you begin to understand how the ego works you will have a great advantage at trading and you will begin to conquer over your greed and healthily manage your fear.

REMEMBER: Fear and greed are not a bad thing if correctly understood and channeled in the right direction.
As long as you are able to manage your emotions you will have a great advantage over other traders who have no strategy and do not know what they are doing.
Most traders lose money, it is the sad truth.
Learn to have a system with your trading and you will succeed most of the time.
I believe every trader should attempt to master their own psychology before they step up to the trading game.

It can be hard to trade, but it can also be easy if you have discipline and patience.

TRUST IN YOURSELF

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