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When I asked “What kind of psychological edge do you have in your trading?” in my Facebook trading group I had a lot of great answers. Here are a compilation of many of their great answers.

Here are the 20 mental trading edges that a trader can use in their battle for profitability in the markets.

  1. #1 goal is capital protection
  2. Focus on following a process
  3. Rarely committing trading errors
  4. Discipline
  5. Focus
  6. Trading with the predominant trend instead of your opinion
  7. Using entry and exit signals instead of emotions
  8. The goal is trading with discipline not trying to make money in every trade
  9. No regrets on a trade that followed your plan
  10. Patience
  11. Look at charts of the next highest timeframe
  12. Trade for capital appreciation not to pay monthly bills
  13. Trading your own capital
  14. Having realistic trading return expectations
  15. Previous trade, irrespective of profit or loss has no influence on next trade – (Srinath Madas)
  16. Trading with a position size that keeps your emotions out of your process
  17. Living a healthy lifestyle
  18. Living a balanced life
  19. You know that you are the weakest link in the trading process
  20. “Tons and tons of evidence that the models work over time as long as risk management criteria is adhered to.” – Richard Weissman