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What is the trading psychology for you?

Tradelist45
Aug 05 at 07:14
148 príspevkov
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 at 11:21
22 príspevkov
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 at 11:24
22 príspevkov
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 at 11:26
22 príspevkov
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 at 11:29
22 príspevkov
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 at 11:45
11 príspevkov
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 at 12:32
128 príspevkov
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 at 09:34
33 príspevkov
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 at 11:43
22 príspevkov
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 at 11:44
22 príspevkov
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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