Traders are often advised to approach trading as a business. To some extent thatâ€™s good advice, because many of the reasons small businesses fail apply to traders, as well. However, if you compare trading to operating a normal small business I think you will also find some significant differencesâ€¦. mainly because it has all the issues one faces in a small business, but they are time compressed.
When we compress time, we can change the nature of things from benignâ€¦to more stressful.
If you want to win at trading you need to realize that, as far as your brain is concerned, trading is a competitionâ€¦ an intense competition. Therefore, you need to focus on your stress reactions and manage them proactively.
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