After 40 years, I’ve learned that trading is 10% technical, 90% psychological.

Here’s how experience taught me to master the mental game:

Early LIFFE days: More trades often = more profit

When I started screen trading in an office in the 2000’s I mastered technical analysis but blew accounts due to fear and greed.

The psychological patterns I learned to recognize:

→ Fear of missing out (FOMO leads to chasing trades)

→ Over trading (I was gambling greedily & not waiting for set ups)

→ Revenge trading (trying to “get even” with the market)

→ Overconfidence (one good week doesn’t make you invincible)

→ Analysis paralysis (overthinking kills opportunities)

My solution after 4 decades:

Pre-trade ritual:

• Identify a low risk opportunity.

• Define entry & exit strategy before execution

• Accept the loss possibility upfront

During trade:

• No chart watching (trust the plan)

• No position size changes (stick to 1% rule)

Post-trade:

• Journal what worked/didn’t work

• Focus on process, not profit

The result:

Trading around the world with complete emotional control.

Because I learned:

Master your mind, master the markets.

 

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