95% of trading is psychology. You can have the best strategy in the world, but if you can't control your emotions, you'll fail. This guide teaches you how to master the mental game of trading.
🧠 The Big 3 Emotional Enemies
- Fear: Causes you to exit winning trades too early or freeze when you should enter
- Greed: Makes you overtrade, increase position sizes, and ignore your rules
- FOMO (Fear of Missing Out): Leads to chasing trades and entering at the worst times
💡 Truth Bomb: Professional traders feel these emotions too. The difference? They have systems in place to prevent emotions from controlling their actions.
🛡️ Building Emotional Discipline
1. Create a Trading Plan: Write down your rules before the market opens. When emotions kick in, follow the plan, not your feelings.
2. Use a Trading Journal: Track not just your trades, but your emotional state. Patterns will emerge showing when you trade best.
3. Risk Management: Never risk more than you can afford to lose. When the financial pressure is removed, emotions calm down.
📊 Track Your Psychology
Use TradeJournal to note your emotions on every trade and identify patterns in your behavior.
Start Free →✅ Daily Mental Routine
- ✅ Review your trading plan before the session
- ✅ Set max trade limits (e.g., "only 3 trades today")
- ✅ Take breaks between trades to reset emotionally
- ✅ Journal your feelings after each trade
- ✅ Never revenge trade after a loss
Remember: The market doesn't care about your emotions. Develop discipline, and the profits will follow.