The psychology of successful trading for serious traders

1. The Psychology of Successful Trading
for
The Psychology of Successful Trading
for
http://mr-happy-forex.blogspot.com
Risk Management

2. The golden keys of a successful trading
Discipline
Control risk, do not let it control you
Using Winning techniques

3. Winning techniques
Let’s learn in the Core Techniques How to Make a Living Trading for
Serious Traders _v1

4. The Psychology of Successful Trading
Overtrading, Greed, No system
Not following system, Too tight stops
Lack of understanding, Too emotional
Not paying attention, Lack of time, Lack of plan
Lack of confidence, No analysis of mistakes
WHY LOSE?WHY LOSE?
Lack of capital

5. lack of discipline
What can you do about it?
- Ego
- The pressures of trading
- Treat trading as education
- The trading plan
- Filling out the plan
- The postmortem

6. Risk Management
Bad risk management is the most common cause of failure as a
Trader
BAD
Risk management
STRESS
BAD
TRADING

7. All trading methods take loss
No matter how good the system you have,
You’ll never have a chance to trade again.
If you rapidly lose 85% of your account you will need to
make up 566% to break even. What are the odds?

8. Flipping Coins - A Fair Game

9. Using 1% rules Fixed Fractional technique)
You start with 200 USD in your account
You will risk 1% per trade, that is 2 USD.
If your stop loss is 2 USD away from the entry price you’d be to buy 1 share
If you stop loss is 0.3 USD away from the entry price, how many share you can
buy?
You will lose 0.3 USD When you trade 1 share
But you can lose up to 2 USD So you can trade = (1/0.3)*2
6 share

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