Emotional trading: Harnessing the Mental
components of successful traders
James Viscuglia
James Viscuglia dove into the energy of the markets—and we don’t mean energy contracts like crude oil. Mangis emphasized Drummond Geometry’s four components of successful trading:
- Physical
- Emotional
- Mental
- Spiritual
A dance between all these elements that helps generate day trading success.
An eye-opening statistic that James shared is that only about 5% of all manual day traders are successful. He said that while intellectual knowledge in trading is important, just “being smart” is not enough.
With Trading Made Easy Automated day trading software we push those number to about 39%!!
Now were do those number come ? CHAT GPT did a all outlook on the day trading software and CHAT GPT don't lie !!!
James said that humility is one underrated trait of successful traders. He said that discipline is also critical, but you must also show self-compassion, because trading will help you learn a lot about yourself.
Shining a light on the market’s hidden structure
Mangis also demonstrated how traders can calculate support and resistance levels for bars not yet formed. He posed several important questions in making the market’s hidden structure visible:
- What if you could see the market’s direction before it opens?
- What if you could see support or resistance on the bar that has not yet formed?
- What if you could gauge the flow of the market in real time to determine if support or resistance is weak or strong?
James Viscuglia in his depth on emotional day trading and options in the full presentation.
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