Accounting & Tax Services for Day Traders

Tips for Mastering Trading Psychology

It takes a certain type of person to succeed as a day trader. Anybody can do the market research and learn about trading strategies, but trading is about more than just following numbers and memorizing techniques by the book.

A day trader should be disciplined, but flexible; patient, but confident; and most importantly, be able to handle the ebbing and flowing of the market without having it affect how and when you make decisions. All of these ideal traits for success are based on the fundamental principles of trading psychology.

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