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.
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.
Being able to be more disciplined. And knowing the difference between money management and risk management.
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
CatWalker posted:I agree with you.
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
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.
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
ddarko3 posted:Yes exactly
Being able to be more disciplined. And knowing the difference between money management and risk management.
Do you consider yourself disciplined? and do you have any rules to share?
CatWalker posted: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.
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
But I agree with the opinion about the light start and easy entry into forex trading.
I think of the ability to manage discipline and plans as positive trading psychology. And this is a very important issue.
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.
For me, the issue of psychology in trading is very important. It should be understood that this aspect is very important for a trader, and neglecting this can lead to not very positive results.
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.
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.
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.
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.
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.
MarcellusLux posted:Thank you. It would be interesting to get some advice from an experienced trader.
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.
Do you analyze your mistakes and how do you deal with it?
AliaDare posted:Thanks. The same question is for you. Do you consider yourself a disciplined trader? And what are the discipline rules for your trading session?
I think of the ability to manage discipline and plans as positive trading psychology. And this is a very important issue.
LukeRachel posted:Mind game is a good definition
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.
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.
LesleyLesley posted: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.AliaDare posted:Thanks. The same question is for you. Do you consider yourself a disciplined trader? And what are the discipline rules for your trading session?
I think of the ability to manage discipline and plans as positive trading psychology. And this is a very important issue.
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
