Pour utiliser le chat, veuillez vous connecter.
Retour aux contacts

What is the trading psychology for you?

WimConrad
Aug 17 2021 at 11:50
posts 18
LesleyLesley posted:
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?

I like your 'mood' idea, because you must be in a positive mood to take the trade in the first place! I also feel that even with psychology, 85% of your results is in the preparation - do everything exactly like you planned and prepared - there will be some mistakes, but it will not be your mistake, rather that of your system. So your heart rate will stay down!

croisssan
Aug 17 2021 at 13:27
posts 939
Here, both for me and for any trader, it is important not to show too much emotion in the process of trading, because it simply threatens to make wrong decisions.

Shiber
Aug 17 2021 at 20:29
posts 17
Psychological stability is vital for consistent trading. It is very important to remain calm and adequate during trading session because it is easy to lose control and lose all the money.

Marcel Durham (MarcellusLux)
Aug 19 2021 at 12:53
posts 144
I read that many people write that emotions can become the cause of losses.
But it's not right. The cause of loss is the actions you take under the influence of emotions and also when you suppress them. Emotions should only be controlled, I saw there were different answers with advice on how to take control of yourself in a difficult moment.

croisssan
Aug 19 2021 at 13:30
posts 939
I believe that this really affects the result of the work. Even those who do not believe in it will one day be able to feel it on themselves.

NihadMunif
Aug 25 2021 at 18:53
posts 18
For me trading psychology is the most significant thing in trading activity at all, because it affects your trading style and actually the whole trading day or week. In my opinion, it's very difficult for some traders to think about trading psychology and understand that their losses aren't their blame actually. It's just a mechanism of trading, when you lose, you have a great opportunity to find out why did you lose and how to prevent this in future. Also, psychology for me is the most important thing for my mood. I always say myself that if I lost, then trading wanted me to lose because it wanted to teach me something.

UweMoench
Aug 28 2021 at 15:36
posts 751
@NihadMunif Yes it is the most important thing in forex trading. Without proper trading psychology, it is not possible to make money on consistent basis.

Landakus
Aug 28 2021 at 17:51
posts 24
For me, trading psychology is an indicator which tells me that my trading strategy has a room for improvements. I aspire to the that situation, when I will not have to do with the emotions but with numbers. So, I really hope to eliminate this factor from my trading because I feel that it is next to impossible to remain cold-blooded all the time and have the nerves of steel.

Unellene
Sep 04 2021 at 16:37
posts 283
psychology in trading is too important a point in the work of a trader, so you should take it pretty seriously

WimConrad
Sep 05 2021 at 09:30
posts 18
Landakus posted:
For me, trading psychology is an indicator which tells me that my trading strategy has a room for improvements. I aspire to the that situation, when I will not have to do with the emotions but with numbers. So, I really hope to eliminate this factor from my trading because I feel that it is next to impossible to remain cold-blooded all the time and have the nerves of steel.


Set psychology = personality; then certain personality types will never be able to be proficient in forex due too a lack of/ too much confidence and letting emotions get in the way of their trading.
The way to get past any deficiencies in your own personality is to develop a system that you trust - then you eliminate any personal input (it is difficult but you have to!) follow your system 100%; only then can you really evaluate the performance of your system and eliminate psychology for the most part.
My system is about 85% effective, but my win rate is just over 50% - why? Because 90% of the trades I lose is due to personal error! Trades I should never have taken but did on some stupid impulse - I'm slowly eliminating this and getting better every day.
So psychology is in effect to learn to trust yourself(system) - what your brain has developed in an impersonal way.

Maidas888
Sep 05 2021 at 15:20
posts 33
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.



This is completely true. Unfortunately in order to when you’re going to have to learn to lose now and again and not to take this personally

Fengordol
Sep 07 2021 at 18:59
posts 10
Trading psychology is more a skill rather than knowledge. It is the skill of controlling your emotional side of trading and making decision. It is definetely not enough just to know how our emotions work but the skill to control them or avoid such situations when they are able to take over your mind.

croisssan
Sep 08 2021 at 06:06
posts 939
This is really important to pay attention to. It should be understood that how a trader will perceive the market depends largely on this.

Unellene
Sep 08 2021 at 12:18
posts 283
you need to pay attention to all aspects that can prevent you from working and making a profit, all the same, even some little things can affect your decision

Veuillez vous connecter pour commenter .