Treating Trading Like A Business
A 1-minute lesson from the MarketPro academy, one of 20 in trading psychology.
Businesses track expenses, plan for slow periods, and rarely bet everything on one decision. Applying this same mindset to trading changes the emotional tone of the activity from a series of exciting bets to a managed operation with rules.
Businesses track expenses, plan for slow periods, and rarely bet everything on one decision. Applying this same mindset to trading changes the emotional tone of the activity from a series of exciting bets to a managed operation with rules.
What This Looks Like In Practice
- Defining a maximum amount risked per trade and per period, the way a business sets a budget
- Accepting that a portion of trades will be losses, the same way a business accepts operating costs
- Reviewing performance over weeks or months rather than judging on a single trade
- Separating trading capital clearly from money needed for living expenses
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Not investment advice. Past performance is not indicative of future results.
Step 10 of 10 on Trading Psychology
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Not investment advice. Past performance is not indicative of future results.