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Options Made Easy: Your Guide to Profitable Trading, Third Edition by Guy Cohen

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Chapter 10. Trading and Investing Psychology

What kind of investor are you, or are you more of a trader? Are you in this for excitement or for cold-blooded profit? Are you mechanical in your style, or do you shoot from the hip? Do you like to build systems, or are you more motivated by making profits?

These are important questions for you to consider and answer with absolute honesty. You can save yourself a lot of time, money, and energy by not trying to be something you’re not. What you say to yourself is far more important than what you say to others, although that, too, is important.

Ultimately your trading success will be defined by your trading plan and your psychology. My trading plan (should you choose to follow it) addresses common psychological ...

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