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Trading psychology

Requirement is needed before placing a trade. While observing for the trading opportunity in intraday, it is best to be done with a series of requirements. These requirements needs a long time to forge and once it formed naturally, then it is very much easy to take trade based on that. Here the thing is not the creation of requirements, it is sticking to it, ie. in other words developing discipline.
A lot of people might believe that one of the common advises in trading is never to exit manually. It must either be a target of stop loss hit. Of course it is best advice, but what it does is it develops the discipline. A trader have this tendency of acting based on his emotion. Emotion in trading is dangerous. It always leads to big trouble.
Trade like robot is a quite advanced form of advice. It implies everything about discipline. Once we master this art of trading, it is very much easy to make profit. It is not the lack of strategy or technique, it is lack of discipline. Once psychology is mastered, the even a simple strategy can lead to a better outcome.

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