Trading Boot Camp with IG (session #10 - Psychology of trading)
Channel: JustOneLap
Date: 20/04/2016

Psychology of trading

In our 10th, IG Boot Camp Simon Brown, founder of Just One Lap, tackles the issue of psychology of trading, by far the most important part of trading.

Trading includes; charts, setups, risk management, entries and exits. While this all happens the real issue is our head and where we’re at. Losing or making money does weird things to our state of mind while fear and greed can see us not doing what we know we should be doing.

Simon covers;

Managing fear and greed
Maslow’s theory of unconscious competence
Doing that perfect trade
Managing the many cognitive biases we suffer from (loss aversion, optimism, confirmation, uncertainty principle & blind spot biases)
In short keeping it altogether and making money from your trading.