ilmscore | Prediction Details
"the base of our pyramid our trading success pyramid is going to deal with two very important things trading psychology which is the emotional state and just in general your ability to handle your emotions while you're trading a lot of people get greedy they overtrade because they just want to make money quickly that greed is an emotion we have to be able to control as Traders a lot of people are extremely fearful after a couple of losses in a row so they decide not to place that next trade which could have been a big winner that fear is something we have to be able to control and that's what creates a solid foundation for trading success and trading psychology is our ability to be able to do that Another part of the foundation of trading success is going to be your ability to have a good risk management plan that helps you handle those emotions and keeps you from blowing your account and losing more than you want to on a specific trade or on a combination of losses which will occur throughout your trading career"
By The Trading Channel (The Trading Channel) | November 24, 2022 | Pending
From video
Moving Averages DO NOT WORK… Unless You Use These 3 Secrets To Unlock Their True Potential! 00:18:19 - 00:19:20
Interpreted Prediction
Successful trading careers are built on a foundation of strong trading psychology (controlling greed and fear) and a robust risk management plan to manage emotions and prevent account blowouts.

Prediction Details

Topic
Trading Psychology and Risk Management

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