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He didn't exit in a panic, nor did he hold in hope. He checked his plan. The price hadn't hit his stop-loss, but the reason he entered the trade—the momentum—had vanished. He closed the position for a tiny, insignificant profit.
" The Daily Trading Coach: 101 Lessons for Becoming Your Own Trading Psychologist " is a renowned book by . It focuses on the psychological aspects of trading, teaching traders how to coach themselves through market volatility and emotional hurdles.
Elias opened his journal. Today wasn't about the S&P 500; it was about the man staring back at him in the screen's reflection.
The blue light of the terminal was the only thing illuminating Elias’s face at 4:00 AM. For months, he had been a "revenge trader," chasing losses until his account bled dry. He had the charts, the indicators, and the news feeds, but he lacked the one thing the TraderFeed blog (run by Dr. Steenbarger) always emphasized: .
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