SAMT Blog
Mastering Trading Psychology
06. February 2023, by SAMT Admin
SAMT News, Events, Webinar
Save-the-Date for our next Webinar:
Mastering Trading Psychology – Unlock the Secrets to Profitable Trading
Presenter: Roland Ullrich, CFA,
Trading Coach and Trading Psychology Expert
Date: Thursday, 23 March 2023
Time: 1:00 pm–3:00 pm ET (US Eastern)
About the Presentation
According to statistics, the overwhelming majority of private investors do not make money trading in the markets. Professional traders know that psychology determines success or failure in financial trading. Nevertheless, the influence of emotions and one's own mental state is commonly underestimated. "The stock market reacts only 20% to facts. The rest is psychology," says Nobel Prize winner Robert Shiller. Mastering your psychology is essential for trading and investing.
The secret of success lies in a completely new way of thinking. The best traders have developed a probabilistic mindset. They have no expectations. They think in probabilities, not possibilities, and focus on statistical tendencies. They calculate their chances and do not speculate. They follow the market and not any beliefs or predictions about the market. All that counts is the rules-based implementation of a back-tested trading strategy with a positive expectancy. Whether you trade purely fundamentals or purely technicals you will be profitable as long as you have an effective trading mind that gives yo...
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