When it comes to trading on Wall Street Investment or using its social trading features, we encourage responsible behaviour among all our users. Our “responsible trading policy” calls on traders to protect themselves from emotional decision making that can result in unnecessary losses.
Novice traders, in particular, tend to rely more on “gut feelings,” because they don’t necessarily have a lot of experience in financial trading to make rational and informed choices.
Human Psychology & Emotional Trading
Traders of all levels can rely too heavily on their emotions while trading. This is a mistake as fear, greed and excitement can play a hand in making bad decisions. Always have a trading plan, and stick to it no matter what happens. When creating your trading plan, incorporate the tips from the section above, paying specific attention to:
- 1. Maximum leverage
- 2. Portfolio diversity
- 3. Risk scores and profiles of other traders
If you have any questions regarding responsible trading, please contact our customer service center at your convenience.
