Intermediate · 30 min · 4 chapters

    Trading Psychology and Discipline

    Recognise the habits that cost traders money, and build routines that make following your plan the easy option.

    You will be able to

    Name the emotional patterns behind common mistakes

    Use a pre-trade checklist to slow down decisions

    Handle losing streaks without revenge trading

    Build a weekly review habit

    Chapter 1 of 4: Why good plans get broken
    1. 1Why good plans get broken
    2. 2A checklist that slows you down
    3. 3Losing streaks and revenge trading
    4. 4Routines and review

    Chapter 1 of 4

    Why good plans get broken

    Most trading mistakes are not knowledge problems. They are decisions made under pressure.

    Ask experienced traders what cost them most when they started. The answers rarely involve indicators. They involve moving a stop, doubling up after a loss, or jumping into a move that had already happened.

    The four common patterns

  1. Fear: Closing winners too early, skipping valid setups after a loss.

  2. Greed: Holding past targets, sizing up after a few wins.

  3. FOMO: Entering late because price is moving and you feel left behind.

  4. Revenge: Trading to win back a loss immediately.

    5. Each one feels reasonable in the moment. That is why rules work better than willpower: you write them when the pressure is off.

    Honest check

    Look at your last ten losing trades. How many broke a rule you already had? For most people, it is more than half.

    Key takeaways

    • Most losses come from broken rules, not missing knowledge
    • Fear, greed, FOMO and revenge are predictable patterns
    • Rules beat willpower because they are written in advance

    Educational content only, not financial advice. Trading involves risk and you can lose money. Indicators describe market conditions, they do not predict outcomes.