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Psychology
Tham gia từ Oct 24, 2023
11bài viết
Nov 22, 2024 at 19:37
Do you agree that trading is 90% psychology and 10% technical?
Simple Stuff_Just Keep it Simple and Repeat the Simple Stuff
Tham gia từ Apr 16, 2021
1bài viết
Nov 22, 2024 at 21:20
no
Tham gia từ Oct 28, 2024
62bài viết
Nov 24, 2024 at 05:07
FrancV posted:
Do you agree that trading is 90% psychology and 10% technical?
You are correct to some extent.
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
Tham gia từ Oct 24, 2023
11bài viết
Nov 26, 2024 at 17:37
DustinG posted:FrancV posted:
Do you agree that trading is 90% psychology and 10% technical?
Yes I do agree it is is 90% psychology
Can I ask why?
Simple Stuff_Just Keep it Simple and Repeat the Simple Stuff
Tham gia từ Oct 24, 2023
11bài viết
Nov 26, 2024 at 17:39
MetalWing posted:
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.
I agree with you. Your Break down is really awesome and very realistic 100%.
Simple Stuff_Just Keep it Simple and Repeat the Simple Stuff
Tham gia từ Oct 17, 2024
31bài viết
Dec 02, 2024 at 06:28
I'd say trading psychology plays a huge role, but I wouldn't split it on 90/10.
Technical skills focus on consistent results, while psychology focus on decision making - it is about finding the right balance between two.
Technical skills focus on consistent results, while psychology focus on decision making - it is about finding the right balance between two.
Tham gia từ Aug 28, 2024
61bài viết
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
Tham gia từ Dec 02, 2024
75bài viết
Dec 04, 2024 at 10:32
Daniel424 posted:
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.
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.
Tham gia từ Oct 28, 2024
62bài viết
Dec 05, 2024 at 06:03
ChelseaR posted:Daniel424 posted:
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.
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.
Most traders lose because of their emotional and mental control during profit and loss.
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.
Tham gia từ Dec 11, 2020
81bài viết
Dec 06, 2024 at 11:31
TradeWizards posted:FrancV posted:
Do you agree that trading is 90% psychology and 10% technical?
You are correct to some extent.
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.
Agree with these pointers.
Tham gia từ Oct 16, 2024
33bài viết
Dec 09, 2024 at 06:36
FrancV posted:
Do you agree that trading is 90% psychology and 10% technical?
Yes, trading is largely about psychology. Even with strong technical skills, emotional control is key to making disciplined, successful decisions.
In trading, knowledge is power; in practice, patience is key.
Tham gia từ Dec 09, 2024
136bài viết
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.
Tham gia từ Oct 28, 2024
62bài viết
Dec 10, 2024 at 06:39
Brenda13 posted:
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.
You're absolutely right.
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.
Tham gia từ Dec 09, 2024
136bài viết
Dec 11, 2024 at 12:28
TradeWizards posted:Brenda13 posted:
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.
You're absolutely right.
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
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.
Tham gia từ Aug 03, 2019
40bài viết
Dec 12, 2024 at 06:38
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.
Tham gia từ Oct 21, 2024
61bài viết
Dec 12, 2024 at 08:53
steve_25 posted:
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.
Exactly, I totally agree! Without both, it’s tough to make progress.
Tham gia từ Dec 09, 2024
136bài viết
Dec 12, 2024 at 10:58
steve_25 posted:
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.
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.
