Self-confidence is the feeling of faith and trust in your own abilities, skills, experience, and judgment. It’s the belief that you’re good enough to accomplish the task before you. It’s…

Self-discipline is the ability to control your actions through inner will power regardless of your emotions and impulses. It’s the skill to overcome the temptation to violate your inner principles.…

While traders can’t stop feeling emotions because they are human, they can remove acting on their emotions in their trading. Feeling emotions and letting them influence your entries, exits, and…

Here are 50 of the best psychology books every published based on the book 50 Psychology Classics Second Edition: Your shortcut to the most important ideas on the mind, personality,…

Think and Grow Rich is one of the best selling psychology of wealth books of all time. It contains some of the best principles for creating the right mindset for…

Wall Street goes through cycles based on the primary human emotions of greed and fear. There is a wide spectrum and phases of emotional behavior inside these two main drivers…

To be a profitable trader you need three things: A trading system with an edge.  Proper position sizing per trade. The right trading mindset.  If you don’t have the right…

A risk management process for a trading system is not just math but also includes human psychology. The psychology of execution is just as important to profitability as the trading…

Trading is about mastering three different areas: A trading system with an edge.  Using the right position sizing and risk management parameters for the system.   Having the right discipline and…

Mental accounting is also called psychological accounting as it tries to describe how people categorize and label financial income and outgo of money. This behavioral economic theory was first proposed…