Courses › BLT | Bank Level Trading
Self Awareness of Your Psychology & Emotions I
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What this lesson covers
This lesson opens the psychology material by separating the two kinds of trader. Mechanical traders follow defined rules with little room for judgement. Discretionary traders read the situation and decide. They operate very differently, and the material for one is often useless to the other. What they share is that both are human, and what makes a human different from an animal is emotion. That is the point of the distinction. Whichever approach you take, emotion is present in every decision, and no set of rules removes it, it only decides how much room it has. The lesson establishes that starting position before working through what emotional self awareness actually involves for a trader.