Learn How to Develop the Proper Mindset When Trading The Markets
The hardest part of successfully navigating the markets is mastering the psychological component of trading.
Successfully trading the markets is all about exploiting the emotions of others. The market will always "find its own level" over the long-term, though human emotions can cause wild swings in the interim. It is these swings that savvy traders can exploit, though only if they have developed a solid mental make-up first.
Warren Buffett, the "Oracle of Omaha", is the greatest investor who has ever lived because he is able to successfully cash in on the greed and fear of others. In order to give yourself a chance of succeeding over the long-term in the world of stock trading, you need to avoid making the rookie mistakes that have doomed many a trader before you.
One of the most important aspects of trading is dealing with losses. Things seem easy and fun when you are in the midst of a winning streak, though can you keep an even keel when things are going against you? Can you stick with your system in this circumstance? Or, conversely, can you avoid getting too greedy when you are in the midst of a winning streak?
You can spend thousands of dollars a month purchasing all of the trading courses and chat room subscriptions that you can find, though nothing will help you if you haven't mastered the psychology of trading first.
As someone who has been trading for nearly two decades, I can tell you just how important mastering your emotions is.
The course, "Trading Psychology and Execution", looks to help traders develop a mindset that will pay dividends for years to come.
The course of taught by Dylan Deans, who is a veteran of the markets that got his start in the late '90s. Dylan, who has experience in crafting trading educational programs, has traded for various proprietary trading firms in the past and now trades independently while managing the accounts of clients. From the highest of the highs of the dot-com boom to the lowest of the lows in 2008, Dylan has seen and traded through it all.
The course contains over 5 hours of video content and is divided into the following sections:
Approach to a Trading Career, 33:46
Trade Mismanagement, 49:55
Bias and Ego, 60:29
Preparation and Homework, 62:11
Some of the individual lessons include:
Emotions and Trading
Trading on Tilt
In the grand scheme of things, $50 for a course that helps you master trading psychology is surely a shrewd investment, especially given the money that poor decisions can cost you in the market.
There are many trading programs and trading tools out there, though in my opinion, a trader needs to invest in bettering themselves as well.
The course, "Trading Psychology and Execution", will help you to do that.