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What do you need to make a trading profit?

All people make mistakes, but only wise men learn from their mistakes.

Winston Churchill

 

In this chapter we will talk about the things you need to know to make a trading profit.

So called human factor by no means can be unimportant in the task of making profit. In particular, we mean emotion control in trading. That's exactly why success of any trader is rather determined by his ability to apply all aspects of trader's psychology than by a proper money management (which is also critical for trading profit, of course).

Discipline, self control, self-study are not just empty words, but the fundamental of a trading mindset. Risks, limits, stops, profit are the trading concepts you need to figure out to comply with the rules of your money management. In this chapter we offer you to concentrate on your correct mindset along with the set of rules for money management.

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