Some of the greatest technicians we know just couldn’t cut it trading. They had all the best charts, the best game plans, but for some reason they could never put it all together and they couldn’t figure out why. We knew why, these guys were manic when managing trades. Every uptick they wanted to take profit and every downtick they panicked.
They had the right skills when it came to navigating charts and setups, but lacked skills in the mental department, which is far more important than reading any chart. The psychological aspects of trading will make or break you. For this reason, we instill game plans into our traders from day 1.
Creating a game plan aims to take the emotional aspects out of trading, but there’s a lot more that goes on than just the entry price, stop & target. There is no doubt you will experience unfathomable gyrations in the trading world, and we’re here to help you manage that roller coaster with a clear mind.
Navigating this crazy market is no easy task. For this reason we create a set of rules of which we follow religiously.
Without further ado, let’s get into the Trading Psychology Handbook.
From Ben and Shake