Many traders quickly come to acknowledge that despite being familiar with winning strategies, systems, and money management techniques, trading success is dependent on your psychological state of mind.
Trading is a performance-oriented discipline.
Stress and mental pressures can affect your ability to function and impact your bottom line. Much of what has been learned about achieving peak performance in both business and sports can be applied to trading. But before looking at some of these factors, let's first examine the ways that trading differs from other businesses. Intellect has nothing to do with your ability as a trader. Success is not a function of how smart you are or how much you have applied yourself academically.