Trading Psychology
I’m Meta Matt, Director of Education and welcome to PB University LITE! This is a 50 Class Trading 101 Series geared towards both new and veteran traders alike! We go over everything from Trading Psychology, Technical Analysis, and Options Trading to Commodity Trading, Forex, and more!! This 50 Class series is not designed be taken in order, it is instead designed for traders to browse and pick which classes interest them. I will include the list of classes at the bottom of this page.
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You don't want to be like a chicken running around without a head in the stock market, right? That’s why it’s important to have a clear set of rules and stick to them.
This can help you make decisions based on logic rather than emotions. For example, you can set rules for when to enter and exit a trade, or how much you're willing to risk on a single trade.
Another strategy is to use a journal to track your trades. This can help you identify patterns in your behavior and make adjustments where necessary. For example if you tend to trade emotionally when you are tired, or when you just get off from work, or hungry, and are seeing losses as a result, you can adjust accordingly, and take a break from trading when you aren’t in the right mindset for it.
And if things aren't going as planned, don't panic, just adjust your strategy and keep moving forward. And give your plan time to breathe before scrapping or changing it. Just because 2 trades don’t work out doesn’t mean the plan is bad, for all you know the next 8 will work out!! But you also don’t want to beat a dead horse. Humility is key in trading. So knowing the balance of when to tweak a plan you made, and when to be patient is important.
Lastly, it's important to take a break when you need it. If you're feeling overwhelmed or emotional, step away from the computer and do something you enjoy. This can help you to clear your head and come back to trading with a fresh perspective.
The stock market isn’t going anywhere, but if you trade when your head isn’t on straight, your money can. If you enjoyed this Pennybois University LITE class, be sure to check out our Free 5 Class Trading Psychology Course in our Free discord and ask about our Premium Trading Classes while you’re there!! … I hope to see you there, but as always, until then I hope that you all.. Make Some Bread!!
PB University LITE Class List
1) Trading Terminology
2) Stock Market Indices
3) Common, Preferred, and Penny Stocks
4) Diversification of Assets
5) Fundamental Analysis Made Easy
6) Technical Analysis Made Easy
7) Risk Management In The Market
8) Portfolio Management
9) How To Follow Market News
10) Trading Psychology
11) Options Explained
12) The Greeks In Options Trading
13) How To Short Sell Options
14) Covered CALLS
15) Spread Trading
16) Online Brokers for Options Trading
17) Implied Volatility Calculators & Tools
18) Protective PUTS
19) Iron Condors
20) Straddles
21) Reading Level 2
22) Taxes
23) Trading Psychology Techniques
24) The Art Of Trading
25) Becoming A Jedi In The Stock Market
26) Futures Trading Explained
27) Commodity Trading 101
28) Regulatory Environments
29) How To Become A Millionaire
30) $100K In 100 Days
31) Wash Sale Rule
32) Behavioral Finance Part 1
33) Behavioral Finance Part 2
34) 5 Charting Indicators
35) Fair Value Gap
36) Insider Trading and Market Manipulation
37) Stock Chart Types
38) Moving Averages 101
39) Base vs Precious Metals
40) Electricity Trading 101
41) Trading Brokers 101
42) 5 Trading Strategies
43) 85% Trading Rule
44) Are Win Rates A Scam?
45) Futures Trading 101
46) ATR Indicator Strategy With The Greeks
47) MACD Indicator 101
48) Bollinger Bands Indicator 101
49) Wedges, Triangles, Flags and Pennants
50) RSI Divergence 101
