How to trade for Beginners.
Back to Basics: #Trading Psychology 101. If you can’t master your emotions, the #Market will own you. This to me is the most important part of trading. Everyone is wired differently, and if you can’t own your emotions and control them the market will. The market is a casino. As a casino, they know the odds of us players winning is not in our favor. The longer we play without emotional control the more likely we are to lose. The players are paying for the casino. No different in trading. If you don’t have a plan and act according to it, knowing it’s a high-probability setup, you could fail. If you don’t set your stops or have a plan when wrong, then plan to get burned. The market knows most will do such, winning is addictive and no one likes to admit they’ve lost.
https://www.youtube.com/results?search_query=rande+howell+mindful+trading. here is Rande Howell’s channel on trader psychology. I would check it out. He’s offering free insight into the science of this topic.
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Recommended Reading
https://amzn.to/37Cvklr
Volume Price Analysis by Anna Coulling
https://amzn.to/37NVvp4
Reminiscences of a Stock Operator by Jessie Livermore
https://amzn.to/38t20hm
2022 Stock Traders Almanac by Jeffrey Hirsch
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This video is for informational and educational purposes only. These are not recommendations to buy, hold, or sell any stock or security. I may hold positions in some of the equities mentioned, know your time frame and risk tolerance. I am not a financial advisor. Trade at your own risk.
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