In this lesson we’ll look at 10 trading lessons that will help you with your technical and mental execution. For some traders, trading psychology is a confusing intangible part of their trading business.  But in this video you’ll see how we tie mental concepts into our technical analysis.

Sometimes little changes in your execution can have big impacts on your results.  Here are 10 trading concepts that traders listed as important lessons:

• Wait for clear strength in price -

Don’t try to force a choppy or indecisive market.  Boldly execute when the market is trading with convincing momentum.

• Two roles of your stop - Another vital part of trading is using automatic stops and dynamic profit targets.  Part of this lesson is about the 2 roles your stop serves.  Yes, it’s a way to protect yourself from taking losses, but it can also be a tool to remove “regret” from your trade management.
• Hold for your profit targets - Don’t get locked in to every “tick” in the market.  Instead, focus on your target areas and give your trades time to play out.
• Tips for timing entries - Use your entry chart to know when to pull the trigger.  Don’t jump the gun because you like the trade area or because you’re focusing on recovering from a loss.
• Be OK with not getting filled on profitable trades - If you develop the skill of timing your entries, then you will get left behind on some opportunities.  This doesn’t mean you did anything wrong.  Again, trading is a business of probabilities.  And you could expect to miss entry order fills on a percentage of your trades.
• Stay away from trades that have low profit potential - Become disinterested in trades with low profit potential
• Don’t let the market pull you in to emotional trading - The market will try and scare you out of good trades and entice you into bad trades, especially if you’re only focused on the current price.  Take a step back and look at the entire market environment, then make a decision to enter or manage a position.
• Know when to shut it down - Stop trading when there’s no clear direction or picture.  Also, stop for a moment if you’re frustrated or focusing too much on the money.  Finally, don’t just think about it.  Sometimes the hardest part of trading is knowing when to walk away.  So, take some time to actually “practice” walking away from your computer.
• Accept both sides of the market - Some traders get into the bad habit of rooting on their trades.  But it’s actually more productive if you look at all the reasons why the trade “could” fail.  It’s not about being right.  Understand and accept that anything can happen, and all you need to do is focus on trading your plan.
• Trading is a process, not a light switch - One of the most important points in this lesson is the fact that trading is a process.  It’s not something that happens overnight.  Some traders are able to develop their skill in a short period of time, but it can be a challenging process for the mass majority of people.  So instead of getting frustrated the next time you take a losing trade, ask yourself if you executed your plan correctly.  If you did, then maintain confidence and accept that losing is just a part of trading.