Investment Psychology Part 2

In our investment psychology series, the previous article covered the first four trading psychology concepts covered by Martin J. Pring. Although every individual is different, trading and investing require a specific set of mental strength to become successful. Let’s understand the next set of mind rules which you need to incorporate to become a relaxed and profitable trader. 5) Don't overtrade Most new traders might get carried away with multiple profits and might place new orders hoping for more profits. Not only could these trades make losses, but these could also eat away…Read more »

Investment Psychology Part 1

The reason why 95% of retail traders fail is more often than not, only about their trading psychology than their technique or strategy. However, the importance of strategy and good risk management cannot be dismissed. In this series of investment psychology, we aim to cover the important topics outlined by Martin J.Pring in his book, ‘Investment Psychology Explained’. 1) When In Doubt Stay Out Never enter a trade when you are not sure of the direction. While it is okay to experiment with a smaller capital at the beginning of your trading journey,…Read more »
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