10 things that a trader has to overcome to stay calm and be profitable

 

Impulsiveness
-Replace impulsiveness with proven rules that filter emotions into the correct actions. 

Impatience
-Replace market noise and emotions with quantified entries and exits based on signals. 

Anger
-Replace animosity towards the market with respect for price action and emotionless trading. 

Uncertainty
-Accept the randomness of short term results and embrace the long term edge. 

Laziness
-Reduce stress by doing homework when the market is closed so you can be ready when the market is open. 

Greed
-Replace the need for immediate wins with a process for consistently growing capital. 

Fear
-Replace your fear of failure with confidence in your system and your ability to follow it successfully. 

Ego
-Replace your need to be right about specific trades with the desire to make money. 

Hope
-Replace the hope that a losing trade will recover with a well-planned stop loss.

Stress
-Reduce stress by choosing to have small losses fast instead of big, slow losses.

＞＞＞Profitable traders are rarely overstressed. Emotions are natural, they’re part of being human. It’s the way we manage them that makes the difference. The egomaniacs and the gamblers are usually the ones that lose it all. A good trader is a business person and not a gambler. They see risks and rewards, profits and losses, divorced from their egos and emotions. The calm traders are the ones that keep a level head and maximize opportunities when the market presents them. They have mastered the art of being patient, trading small, staying calm, and trading profitability.

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