Day Trading Schools. DTI TRADER. Learn Stock and Futures Day Trading.

Fear, Ego, Greed, Panic, Compulsion

Fear and panic cause traders to get out of good trades too early. Greed and unchecked ego cause traders to hold on too long. Compulsion will make you overtrade and lose track of your goals.

To be in control of your trading, you must be in control of your emotions. At the very least, you must block them from your trading practices.

Airline pilots routinely land the most complicated pieces of machinery on earth in weather unfit for safe walking. They rely on key indicators from their instruments and sound instruction and advice from air traffic controllers. They don't panic. They don't push the envelope. They don't fly more than they should in 24 hours. In short, they don't buck the system. They follow a system that works extremely well and is designed to eliminate as much of the risk of flying as is humanly possible.

Our founder, Tom Busby, learned this lesson the hard way. He wants you to learn the easy way: by enrolling for a course from DTI.

DTI teaches specific methods for controlling risk through controlling your emotions. It's one of the most important benefits of our program. Our live classes in Mobile, Alabama will do the most to help you and your classmates understand and control your emotions and use the psychology of trading to your advantage. Our students swear by it.

The market does not care how you feel, however, having a bad attitude will affect your trading.

Likewise, your opinions about the market will never help your trades. Opinions lead to bias, which leads to ego, which leads to justification which ultimately leads to disaster. This justification cycle will lead you to believe that you are right and the market is wrong. It is the same justification cycle that will lead an inexperienced pilot to believe his airplane is right side up and on the proper heading when his instruments are telling him exactly the opposite. Most pilots don't live to make this mistake again. It is also the the cause when a trader loses everything.

Traders should trade in the direction of the trend. When the trend is higher, buy it. When the trend is lower, sell it. When there is no trend, just stay out.