Trade with Cool Minded

[Elly9]

Yes, patience is a very important key factor affecting the trader. If he is not cool minded that will lead him towards taking a wrong decision which will occur into a loss.

Agreed,patience is your way to sound decision making.

 

[tedmos38]

patience is only thing which is most difficult to keep maintain , because the people we are always try to make something better within a very short time, this set up comes from mind but patience habit comes only from intelligence.

Yes, always make informed decisions with a calm mindset

 

[DepthTrade]

When it comes to the world of science, psychology isn’t one. It is a subject area that is too subjective; conclusions are mushy, and not falsifiable or repeatable. As a college major, it is not in the top 20 (or 30) highest paying majors but in fact one of the lowest. The same is true for graduate school salaries. Trading psychology recommendations are outright silly: Consider the statement: “The most important attribute for making money in financial markets is self-confidence” but how is confidence, self or otherwise, defined and measured? If self-confidence cannot be defined or measured, it cannot be understood so how can it be the most important? The same can be said for this statement: “Do not trade money until you are fully confident in your strategy”. Since “fully” cannot be measured it is useless. Consider the list of 6 keys to managing trade psychology [ttp://adamhgrimes.com/blog/keys-to-trading-psychology/] which include “have an edge” (what is that exactly?); to know thyself (who me?) and avoid emotional mistakes (My, oh my).
11 Easy ways have not been measured, verified, authenticated and replicated.
Grade F.

I would assume the measurement would be against oneself. We are trading against ourselves, so others self confidence would not matter.

 

[yana hansen]

Cool mind is not the only thing that will bring you profits. There are a combination of things that will help you bring results. Knowledge of the financial markets is the foremost important aspect to be considered.

 

[Kajir]

You must turn off emotions when you start trading, and clearly and focused on acting on your trading plan.

 

[Axesinger]

Composure is the quality that must be present if you want to get results.

 

[easymon1]

homeboy got me blocked but the gist of his opening was:

wrbtrader said:
Both Cognitive Confidence and Physical Confidence has been measured.

Measurement is great stuff.

Competence is a good too if a trader does not want to walk into a shitestorm repeatedly.

Chick with the red drawers thinks she all dat with a bag o chips and disses the heck out of some dude in a lineup where the participants rank one another for IQ, then are ranked by an IQ test measurement. And her EQ is so advanced too.

...qued o'course,

Annnnd the winner is...

Hey Red: pot, meet kettle, LOL.

Teamed with Cog Competence, Now you got something there.
If a trader has demonstrated competence, and Still the confidence don't show up, well...

 

[Ahmed Solaiman]

in cooling mind we the traders first of all have to choose the broker , because the broker can affects the result of our trading with certainly.

 

[Darkwing]

But the trader himself must develop very leadership qualities and resistance to difficulties.

 

[Katyannaria]

you need to trade so that you yourself are comfortable and understand what you are doing