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How is your Psychological Fitness for Trading?
When you accept that anything can happen in the markets but it’s your mission to assess probabilities, you’re on the right track. Only take trades when the evidence indicates that the trend you’re backing will continue. If you truly believe this, then you won’t block, deny or attack anything the market is offering. You’ll respond with clinical detachment, basing your decisions on the weight of evidence. To achieve this goal, you must train your mindset in various ways. You need to develop coping strategies, manage your emotions and maintain self-control. For most traders, this level of self-awareness ... (full story)