Have a game plan. Without a plan or strategy you are ultimately ensuring your trading failure.
Losing is a normal part of trading. Accept that you will have losing trades. Focus on how to control your losing trades, rather than trying to avoid making them.
Stay true to your trading strategy. Focus more on sticking to your plan than making profit. If you have a sound strategy and stick to it, results will come.
Learn to control emotions. It is impossible to completely eliminate emotions, however it is vital to understand how to have control over your emotions, and not have your emotions have control over you.
Start slowly; do not rush your trading as it will affect your results. You will not get rich over night and until your are comfortable with both winning and losing you should
Always manage your risk. Never risk more than you are willing or able to lose, you should always be prepare for the worst case scenario.
Top Tips to Maintain Your Psychological Edge While Trading
1. Prepare for the Trading Day
2. Stick to Your Plan
3. Keep a Trading Journal
4. Think in probabilities
5. Trade with your Mind in the Moment
6. Mentally Park Losses and Errors
7. Attend to Process, not Results
8. Review the Day for Self-Improvement
Star Alliance Capital Partners would like you to invite you to our free day trading webinar. At this free webinar you will learn the basics of trading and we will show you how a professional trader can make money from stock market movements. For more information and attend to our Free On line Webinar please visit http://www.dimensiontrading.com/staralliance/