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The Naked Trader's Guide to Spread Betting: How to make money from shares in up or down markets by Robbie Burns

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7. It’s All in the Mind

Yes, it really is. Making or losing money on spread betting is more often based on your brain than what the market does. For example, if you’re in a good or bad mood. So I would like to touch on a little psychology.

Psychology (How are you feeling today?)

Who are you and why?

What sort of person lurks inside that brain of yours?

You might feel tempted to skip this section and…oh, have you gone already? All right – well, you paid for this book so you can do what the hell you like, can’t you?

Those of you still with me (the sensible ones), you already know that it’s your brain plus your emotions that are going to make your spread betting decisions, and you need some understanding of psychology and how it will ...

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