What is the trading psychology for you?
Sep 12, 2017 zamanından beri üye
238 iletiler
Jul 28, 2021 at 13:21
for me it is simple, live and look in the present. Everything will fall in place.
May 19, 2020 zamanından beri üye
401 iletiler
Jul 29, 2021 at 18:35
LesleyLesley posted: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?
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.
@Marcellus8610
Jul 27, 2021 zamanından beri üye
20 iletiler
Jul 30, 2021 at 09:19
MarcellusLux posted: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?LesleyLesley posted: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?
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.
Dec 28, 2020 zamanından beri üye
187 iletiler
Jul 31, 2021 at 07:26
LesleyLesley posted: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.
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.
Jul 19, 2020 zamanından beri üye
751 iletiler
Aug 02, 2021 at 07:39
@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.
Dec 18, 2019 zamanından beri üye
14 iletiler
Aug 04, 2021 at 17:53
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.
Mar 28, 2021 zamanından beri üye
617 iletiler
Aug 04, 2021 at 17:58
Trading psychology is how you control your emotions, how much logical you can think before opening or closing any trade.
Jun 26, 2020 zamanından beri üye
327 iletiler
Aug 05, 2021 at 07:14
Forex trading is a place where we actually come to make money more but become loser ultimately , because of just emotions.
Jul 26, 2021 zamanından beri üye
26 iletiler
Aug 06, 2021 at 11:21
AliaDare posted:Thanks for sharing and I wish you get your 30 pips as frequently as possible.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 26, 2021 zamanından beri üye
26 iletiler
Aug 06, 2021 at 11:24
LemonFeather posted: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.
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
Jul 26, 2021 zamanından beri üye
26 iletiler
Aug 06, 2021 at 11:26
UweMoench posted:Thank you for the comment. Do you have personal observations about how you manage to control your mind?
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.
Jul 26, 2021 zamanından beri üye
26 iletiler
Aug 06, 2021 at 11:29
perryjohn765 posted:This attitude may also be correct.
for me it is simple, live and look in the present. Everything will fall in place.
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 😉
Jul 02, 2020 zamanından beri üye
21 iletiler
Aug 06, 2021 at 11:45
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!!
May 27, 2021 zamanından beri üye
57 iletiler
Aug 07, 2021 at 09:34
WimConrad posted:Agreed buddy!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!!
Jul 26, 2021 zamanından beri üye
26 iletiler
Aug 17, 2021 at 11:43
LucasRogers posted:I disagree with you a little.
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.
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?
Jul 26, 2021 zamanından beri üye
26 iletiler
Aug 17, 2021 at 11:44
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?
Jul 02, 2020 zamanından beri üye
21 iletiler
Aug 17, 2021 at 11:50
LesleyLesley posted: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!LucasRogers posted:I disagree with you a little.
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.
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?
Jul 04, 2020 zamanından beri üye
18 iletiler
Aug 17, 2021 at 20:29
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.
May 19, 2020 zamanından beri üye
401 iletiler
Aug 19, 2021 at 12:53
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.
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.
@Marcellus8610
Dec 10, 2019 zamanından beri üye
18 iletiler
Aug 25, 2021 at 18:53
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.
