Your biggest enemy in trading is often yourself. Learn how to control emotions and make rational decisions.
Technical skills and market knowledge are important, but trading success ultimately comes down to psychology. Fear and greed are the two emotions that destroy most trading accounts.
Fear causes traders to exit winning positions too early, skip valid setups, or hold losing positions hoping they'll recover. Recognizing fear-based decisions is the first step to controlling them.
Greed leads to overleveraging, ignoring stop losses, and chasing trades after missing entries. A disciplined trading plan helps keep greed in check.