Psychology
Membre depuis Apr 16, 2021
posts 1
Nov 22, 2024 at 21:20
no
Membre depuis Oct 28, 2024
posts 43
Nov 24, 2024 at 05:07
FrancV posted:You are correct to some extent.
Do you agree that trading is 90% psychology and 10% technical?
But there are many ways to control and ignore this:
1- Create emotional and psychological control conditions.
2- Test and practice a lot for mastery and confidence until fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- Use signals and experts.
If you can't find a way to control your emotions when trading, you are doomed to failure in the long run.
I personally recommend ways 3 and 4.
Visit my profile to see the results.
Together, we can unlock endless opportunities and achieve your desired results.
Nov 26, 2024 at 14:06
I disagree with the idea that trading is 90% psychology and 10% technical. While psychology is crucial, it’s not the sole factor. Trading requires a balance of strategy and risk management. A solid strategy, backed by technical analysis, is key to making informed decisions. Risk management ensures capital protection and long-term success. It’s more accurate to say that trading is 50% psychology, 20% risk management, 20% strategy, and 10% luck. A strong mindset, good strategy, and effective risk management are what drive consistent success.
Consistency isn’t luck, it’s mastery
Nov 26, 2024 at 17:39
MetalWing posted:I agree with you. Your Break down is really awesome and very realistic 100%.
I disagree with the idea that trading is 90% psychology and 10% technical. While psychology is crucial, it’s not the sole factor. Trading requires a balance of strategy and risk management. A solid strategy, backed by technical analysis, is key to making informed decisions. Risk management ensures capital protection and long-term success. It’s more accurate to say that trading is 50% psychology, 20% risk management, 20% strategy, and 10% luck. A strong mindset, good strategy, and effective risk management are what drive consistent success.
Simple Stuff_Just Keep it Simple and Repeat the Simple Stuff
Dec 04, 2024 at 05:43
Yes, I also agree that trading is largely about psychology. While technical analysis is important, it's the ability to manage emotions, stick to a plan, and maintain discipline that truly determines success in trading.
All in for Success
Dec 04, 2024 at 10:32
Daniel424 posted:Basically this. Without the right mindset, even the best of strategies don’t work out. A trader should stay disciplined, stick to the plan, and contain emotions (during losses). Apart from technicality, trading is also about the mental game.
Yes, I also agree that trading is largely about psychology. While technical analysis is important, it's the ability to manage emotions, stick to a plan, and maintain discipline that truly determines success in trading.
Membre depuis Oct 28, 2024
posts 43
Dec 05, 2024 at 06:03
ChelseaR posted:Most traders lose because of their emotional and mental control during profit and loss.Daniel424 posted:Basically this. Without the right mindset, even the best of strategies don’t work out. A trader should stay disciplined, stick to the plan, and contain emotions (during losses). Apart from technicality, trading is also about the mental game.
Yes, I also agree that trading is largely about psychology. While technical analysis is important, it's the ability to manage emotions, stick to a plan, and maintain discipline that truly determines success in trading.
Someone who cannot control their fear and greed should not be involved in manual trading.
The best way to eliminate this situation is to use algorithmic patterns that have zero emotional and human error and just execute your strategy.
Together, we can unlock endless opportunities and achieve your desired results.
Dec 06, 2024 at 11:31
TradeWizards posted:Agree with these pointers.FrancV posted:You are correct to some extent.
Do you agree that trading is 90% psychology and 10% technical?
But there are many ways to control and ignore this:
1- Create emotional and psychological control conditions.
2- Test and practice a lot for mastery and confidence until fear and greed disappear.
3- Use robots and algorithms instead of personal trading.
4- Use signals and experts.
If you can't find a way to control your emotions when trading, you are doomed to failure in the long run.
I personally recommend ways 3 and 4.
Visit my profile to see the results.
Dec 09, 2024 at 06:36
FrancV posted:Yes, trading is largely about psychology. Even with strong technical skills, emotional control is key to making disciplined, successful decisions.
Do you agree that trading is 90% psychology and 10% technical?
In trading, knowledge is power; in practice, patience is key.
Dec 09, 2024 at 10:52
Yeah, I totally agree. I’ve feel trading is mostly about the mindset. I have all the technical knowledge, but if I can’t control my emotions, it will be hard to stay consistent. I’ve caught myself making impulsive moves when I let fear or greed take over. I think the technical stuff is like the tools, but the psychology is what really makes or breaks it for me.
Membre depuis Oct 28, 2024
posts 43
Dec 10, 2024 at 06:39
Brenda13 posted:You're absolutely right.
Yeah, I totally agree. I’ve feel trading is mostly about the mindset. I have all the technical knowledge, but if I can’t control my emotions, it will be hard to stay consistent. I’ve caught myself making impulsive moves when I let fear or greed take over. I think the technical stuff is like the tools, but the psychology is what really makes or breaks it for me.
But there are tools to manage and control emotions, such as:
1- Expert Advisors that just execute the strategy without emotion and have no human error, they just need to be chosen correctly
2- Risk management panels that prevent you from taking positions beyond your financial means
Together, we can unlock endless opportunities and achieve your desired results.
Dec 11, 2024 at 12:28
TradeWizards posted:Totally agree! EAs are great for removing emotions from trading, as long as you choose the right ones. And risk management panels help keep you from over-leveraging, which makes a big difference in staying calm and sticking to your strategy.Brenda13 posted:You're absolutely right.
Yeah, I totally agree. I’ve feel trading is mostly about the mindset. I have all the technical knowledge, but if I can’t control my emotions, it will be hard to stay consistent. I’ve caught myself making impulsive moves when I let fear or greed take over. I think the technical stuff is like the tools, but the psychology is what really makes or breaks it for me.
But there are tools to manage and control emotions, such as:
1- Expert Advisors that just execute the strategy without emotion and have no human error, they just need to be chosen correctly
2- Risk management panels that prevent you from taking positions beyond your financial means
Membre depuis Oct 21, 2024
posts 61
Dec 12, 2024 at 08:53
steve_25 posted:Exactly, I totally agree! Without both, it’s tough to make progress.
Yes, psychology is often said to be 90% of trading, with emotions like discipline and fear influencing decisions more than technicals. But technical skills are still key for identifying opportunities. It’s all about balancing both.
Dec 12, 2024 at 10:58
steve_25 posted:Absolutely! I feel that mastering the mental side of trading really makes a difference, but having solid technical skills to back it up is key too.
Yes, psychology is often said to be 90% of trading, with emotions like discipline and fear influencing decisions more than technicals. But technical skills are still key for identifying opportunities. It’s all about balancing both.
