What's the psychological side of your edge?

FTC Community TeamStaff104 views

The best strategy is worthless if you can't execute it, and execution is psychological. The traders who last understand that half their edge is temperament management.

What's the psychological side of your edge? — central bank rate path diagram
A central bank's policy rate path across recent meetings

What's your psychological edge?

  • the execution strength you rely on
  • how you maintain it
  • the conditions that threaten it
What's the psychological side of your edge? — risk-reward diagram
A risk-reward ratio of 1 to 2

The trading styles guide matches temperaments to styles — the first step to this edge.

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