Home2 Ingredients of Trading Success: Systems & Psychology
2 Ingredients of Trading Success: Systems & PsychologyLevel: Beginner
SM
Samuel McCulloch
Head of Adara Academy & Trading division. Professional crypto trader with experience in capital markets, options and futures trading.

Terminology

Effective crypto trading is almost completely based on rules and systems.

Here are a few of the key benefits that having a system brings:

First, a system takes all the emotions out of your trading.

Second, a system minimizes the number of decisions you have to make as a trader.

Third, a system is an effective way to make sure you learn from past mistakes.

The 2 main emotions we talk about in trading psychology are fear and greed. Fear scares you away from making good decisions, and Greed makes bad decisions.