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What is the trading psychology for you?

LukeRachel
Jul 28 2021 at 11:16
posts 457
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.

UweMoench
Jul 28 2021 at 12:21
posts 737
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.

lovefortrading (perryjohn765)
Jul 28 2021 at 13:21
posts 238
for me it is simple, live and look in the present. Everything will fall in place.

Marcel Durham (MarcellusLux)
Jul 29 2021 at 18:35
posts 116
LesleyLesley posted:
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?


I do a full analysis of every trading session, regardless of the results. The more I learn about the market and how my trading system works in different situations, the better I feel the right moments and opportunities.
Analysing your trading history is a must if you want to start building your system and improve your trading. I analyse the risks that were taken during trading, I find possible options for reducing risks. I look for flaws in my work in order to get better, and do not let the market take advantage of these flaws.

Terentius (Siomo)
Jul 30 2021 at 09:19
posts 19
MarcellusLux posted:
LesleyLesley posted:
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?


I do a full analysis of every trading session, regardless of the results. The more I learn about the market and how my trading system works in different situations, the better I feel the right moments and opportunities.
Analysing your trading history is a must if you want to start building your system and improve your trading. I analyse the risks that were taken during trading, I find possible options for reducing risks. I look for flaws in my work in order to get better, and do not let the market take advantage of these flaws.

Thank you for sharing with us. While I communicate with different traders, I see a completely different approach to work. Your approach seems solid, just as I have met those who manage to trade easily, just luck. How do you feel about luck?

croisssan
Jul 30 2021 at 18:52
posts 642
For a trader, psychology is a very important aspect. It should be understood that without the correct psychological attitude, it will be very difficult for a trader to get the desired result of work.

Sar John (Sarjohn)
Jul 31 2021 at 07:26
posts 187
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.

Exactly, losses are a part of trading and we have to accept losses in order to become a pro trader although this is very hard to accept but this is an important part of trading.

UweMoench
Aug 02 2021 at 07:39
posts 737
@Sarjohn Yes your are right. If we can not accept loss, it is possible that we will take revenge trade. And revenge trade is not good at all.

LucasRogers
Aug 04 2021 at 17:53
posts 14
For me trading psychology is a fundamental thing which must be complied by all trader regardless their experience in trading activity. I guess that psychology matters more than trading strategy, market conditions, news and stuff like that. The same happens in real life. When you wake up you should always set up your mood positively in order to spend your day with positive thoughts and good mood. As soon as you sit behind a table and open your laptop you should tell yourself 'everythings is clear, I'll handle any difficulties' or something like that. To my mind, this is trading psychology.

Akasuki
Aug 04 2021 at 17:58
posts 441
Trading psychology is how you control your emotions, how much logical you can think before opening or closing any trade.

Tradelist45
Aug 05 2021 at 07:14
posts 177
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.  

Lesley (LesleyLesley)
Aug 06 2021 at 11:21
posts 22
AliaDare posted:
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.

Thanks for sharing and I wish you get your 30 pips as frequently as possible.

Lesley (LesleyLesley)
Aug 06 2021 at 11:24
posts 22
LemonFeather posted:
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

This is a very unusual approach and this is the first time I hear about such a method of control that would be associated with your physical condition. Thanks for sharing your method, it can really be helpful. In any case, what makes you money, that is useful.

Lesley (LesleyLesley)
Aug 06 2021 at 11:26
posts 22
UweMoench posted:
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.

Thank you for the comment. Do you have personal observations about how you manage to control your mind?

Lesley (LesleyLesley)
Aug 06 2021 at 11:29
posts 22
perryjohn765 posted:
for me it is simple, live and look in the present. Everything will fall in place.

This attitude may also be correct.
Let me play the words game a little and say that a phrase similar to yours is also accepted in forex:

Everything will fall...
This is it 😉

WimConrad
Aug 06 2021 at 11:45
posts 17
UweMoench posted:
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.


I agree @UweMoench
You have to design a system that you have at least 75% confidence in
use 100% money management rules and execution
0% personal influence and 'grand' ideas allowed - don't get cocky!
gives you at least 10% gain per week!!

WaltonCharles
Aug 06 2021 at 12:32
posts 128
Tradelist45 posted:
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.  

Yes. every trader should control their emotions.

CocoChannel
Aug 07 2021 at 09:34
posts 39
WimConrad posted:
UweMoench posted:
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.


I agree @UweMoench
You have to design a system that you have at least 75% confidence in
use 100% money management rules and execution
0% personal influence and 'grand' ideas allowed - don't get cocky!
gives you at least 10% gain per week!!

Agreed buddy!

Lesley (LesleyLesley)
Aug 17 2021 at 11:43
posts 22
LucasRogers posted:
For me trading psychology is a fundamental thing which must be complied by all trader regardless their experience in trading activity. I guess that psychology matters more than trading strategy, market conditions, news and stuff like that. The same happens in real life. When you wake up you should always set up your mood positively in order to spend your day with positive thoughts and good mood. As soon as you sit behind a table and open your laptop you should tell yourself 'everythings is clear, I'll handle any difficulties' or something like that. To my mind, this is trading psychology.

I disagree with you a little.
Trading psychology, like the trading system and money management, must be a mechanism that works together, like an airplane cannot fly without wings or without an engine, even if it is made of the lightest material in the world.

A positive mood is definitely a big advantage during trading.

Can trading results spoil your mood at the end of the day if you are not happy with them?

Lesley (LesleyLesley)
Aug 17 2021 at 11:44
posts 22
Akasuki posted:
Trading psychology is how you control your emotions, how much logical you can think before opening or closing any trade.


How do you think,
Trading results are directly related to the IQ level?

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