Trading is inextricably linked with money. You are taking risk in the markets because you want to make money. If you trade well over a long period of time, then you will make lots of money.
We all know what the results of trading success can look like, and that motivates us— the cushy bank balance, nice house(s), etc. Most traders are a competitive lot and they want to outdo themselves and others.
Less understood are the interactions between traders’ psychology and money. Traders, like anyone else, have a certain emotional relationship with money, and that can impact their trading for better or worse. If trading is all about the “planning the trade and trading the plan”, then you’ll Read more [...]
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