Mastering Trading Psychology: Andrew Baxter’s Proven Habits for Rational Decision-Making

During significant market movements, emotions such as fear and greed can take over logic. This results in market panic, trend chasing or even inaction when it comes to taking effective action. Trading psychology is the basis of noise and when they intercede a certain situation, logic becomes compromised, making the following a plan and making choices very hard.

Succeeding traders fully understand the intricacies of trading psychology which makes consistency highly unlikely. No process that is devoid of an emotional element would provide a better outcome in the case of strategy-based choices and systems.

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