Psychology plays a crucial role in trading success. Fear and greed are powerful emotions that can lead to impulsive decisions, such as exiting trades too early or holding onto losing positions for too long. Discipline, patience, and emotional control are necessary to stick to a trading plan and avoid costly mistakes. Many traders find that their biggest obstacle is not the market itself but their own mindset. Developing a resilient and calm psychological framework is essential for long-term consistency.
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