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What is the trading psychology for you?

Jul 26, 2021 at 12:38
2,643 Views
73 Replies
Member Since Jul 26, 2021   26 posts
Jul 26, 2021 at 12:38
I know that I have to stay calm all the time I trade in order to make the right decisions.

Also, I believe it is very important to have good health in order to withstand stress.

A simple rule for me is 'don't become a gambling Hulk' and stop on time.

Taking losses as part of my job.
Member Since Nov 03, 2020   70 posts
Jul 26, 2021 at 13:08
Being able to be more disciplined. And knowing the difference between money management and risk management.
Member Since Jul 22, 2021   9 posts
Jul 26, 2021 at 13:43
Best way is to easy your way in. Start with demo then small live account then larger live account. This way the psychology is kept under control
Member Since May 19, 2020   376 posts
Jul 27, 2021 at 09:51
For me, psychology is a
clear mind,
emotional stability
and the ability to use the right opportunities.
Over the years of trading, I have learned not to succumb to emotions during a loss or profit. I know how my system works and I know when to stop and when to continue. It will come with experience.

It's written above correctly that the gradual development of trading from a demo to a minimum deposit, and then further it is the way even to the correct trader's psychology.
@Marcellus8610
Member Since Jul 26, 2021   26 posts
Jul 27, 2021 at 11:53
ddarko3 posted:
Being able to be more disciplined. And knowing the difference between money management and risk management.
Yes exactly
Do you consider yourself disciplined? and do you have any rules to share?
Member Since Jul 26, 2021   26 posts
Jul 27, 2021 at 11:56
CatWalker posted:
Best way is to easy your way in. Start with demo then small live account then larger live account. This way the psychology is kept under control
I think this will only work if the approach is initially correct. It is advisable to be under the supervision of a tutor who can correct bad habits and shortcomings in the psychological approach at the inception stage. It is very difficult to change psychology over time.

But I agree with the opinion about the light start and easy entry into forex trading.
Member Since Jul 19, 2020   788 posts
Jul 27, 2021 at 12:11
I think of the ability to manage discipline and plans as positive trading psychology. And this is a very important issue.
Member Since Mar 16, 2021   477 posts
Jul 27, 2021 at 12:33
Trading Mind Game. So here you have to trade by applying Proper Psychology. If we ever try to do emotional trading, it will be a big loss for trading investment.
Member Since Jul 07, 2021   41 posts
Jul 27, 2021 at 14:27
LesleyLesley posted:
I know that I have to stay calm all the time I trade in order to make the right decisions.

Also, I believe it is very important to have good health in order to withstand stress.

A simple rule for me is 'don't become a gambling Hulk' and stop on time.

Taking losses as part of my job.

I feel it is helpful to take deep breaths, and take the time to think with a clear mind. To do this you need to stop, close your eyes, play instrumental music - anything that can work well for you. The key is to be focused so as to make sure there are no emotions bugging you while you are trying to make final decisions in trading.
Member Since Jul 27, 2021   20 posts
Jul 27, 2021 at 18:25
Psychology of trading is so complicated topic, because it's individual. Some people have initial mental resist but some are so susceptible to exposure and stress.
I am phlegmatic and I handle it easier than some, but nevertheless, I create a trading plan and prepare my brain for possible risks even before trading.
Member Since Jun 17, 2021   11 posts
Jul 28, 2021 at 06:51
Trading psychology includes keeping emotions far away during the trading hours. Moreover, I prefer to stay away from any kind of distraction while trading. I love listening to soothing music when I trade.
Member Since Dec 13, 2019   17 posts
Jul 28, 2021 at 07:11
I believe that psychological stability comes with the experience only if you spend time and efforts to learn from mistakes. It is important to admit mistakes in trading because otherwise, they have tendency to repeat themselves in the future. The more you know, the less stressful it is to trade.
Member Since Jul 26, 2021   26 posts
Jul 28, 2021 at 10:27
MarcellusLux posted:
For me, psychology is a
clear mind,
emotional stability
and the ability to use the right opportunities.
Over the years of trading, I have learned not to succumb to emotions during a loss or profit. I know how my system works and I know when to stop and when to continue. It will come with experience.

It's written above correctly that the gradual development of trading from a demo to a minimum deposit, and then further it is the way even to the correct trader's psychology.
Thank you. It would be interesting to get some advice from an experienced trader.
Do you analyze your mistakes and how do you deal with it?
Member Since Jul 26, 2021   26 posts
Jul 28, 2021 at 10:29
AliaDare posted:
I think of the ability to manage discipline and plans as positive trading psychology. And this is a very important issue.
Thanks. The same question is for you. Do you consider yourself a disciplined trader? And what are the discipline rules for your trading session?
Member Since Jul 26, 2021   26 posts
Jul 28, 2021 at 10:30
LukeRachel posted:
Trading Mind Game. So here you have to trade by applying Proper Psychology. If we ever try to do emotional trading, it will be a big loss for trading investment.
Mind game is a good definition
Member Since Jul 26, 2021   26 posts
Jul 28, 2021 at 10:42
mab8 posted:
LesleyLesley posted:
I know that I have to stay calm all the time I trade in order to make the right decisions.

Also, I believe it is very important to have good health in order to withstand stress.

A simple rule for me is 'don't become a gambling Hulk' and stop on time.

Taking losses as part of my job.

I feel it is helpful to take deep breaths, and take the time to think with a clear mind. To do this you need to stop, close your eyes, play instrumental music - anything that can work well for you. The key is to be focused so as to make sure there are no emotions bugging you while you are trying to make final decisions in trading.

Thanks for the heartfelt post here. You helped me plunge into the ocean of balance. Yes, you are right, this practice is useful, especially when you are a participant in a rally in the market from morning to night.
Member Since Jul 19, 2020   788 posts
Jul 28, 2021 at 10:54
LesleyLesley posted:
AliaDare posted:
I think of the ability to manage discipline and plans as positive trading psychology. And this is a very important issue.
Thanks. The same question is for you. Do you consider yourself a disciplined trader? And what are the discipline rules for your trading session?
Yes, I trade by maintaining discipline. I try to trade by following the risk ratio and money management after doing an analysis. And if the profit is 30 pips, I manage the trade.
Member Since May 25, 2021   9 posts
Jul 28, 2021 at 11:00
I use a heart monitor. If my heart rate goes over 90 bpm then I exit all positions and reassess what I have done. My aim is to be calm throughout and not get over stressed or over confident. This way I can take better trades
Member Since Mar 16, 2021   477 posts
Jul 28, 2021 at 11:16
LesleyLesley posted:
LukeRachel posted:
Trading Mind Game. So here you have to trade by applying Proper Psychology. If we ever try to do emotional trading, it will be a big loss for trading investment.
Mind game is a good definition
Thanks. It is very difficult to make a profit in trading if you do not manage psychology properly.
Member Since Jul 19, 2020   751 posts
Jul 28, 2021 at 12:21
Trading psychology is the mindset you have. You need a good mindset. You need to know how to control your mind while trading. You have to trade only your systems permits you.
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