Psychological skills involve awareness of one’s own patterns and emotional responses. Interestingly, traders often come to recognize how important the psychology of trading is only after trading for a couple of years.
Good technical analysis skills without a sound understanding of Trading Psychology mean you will become very sophisticated at getting very stressed and very anxious.
One skill is useless without the other.
Successful traders focus on both skills, have training in both and work on both at the same time.
In this course Chris Collingwood and Michael Brook will be focusing on the key principles of trading psychology. At the end of the program participants will have an awareness of the influence of their emotional responses during trading, and some simple tools for tracking and developing choices about their emotional responses. They will also gain an understanding of the process of developing high-performance or ‘flow’ states that are a feature of the psychology of expert traders.