How to Control Trading Psychology?

[Suba]

If we read the theory of how to control trading psychology it seems very simple and easy, but if we practice it in an atmosphere of trading Bitcoin on an exchange, it's not as easy as we imagine, even Bitcoin traders experts often get losses due to poor trading psychology. There are many factors that must be considered, such as, Discipline Against Trading Plan, Don't Be Greedy, Don't Get Revenge and Eliminate Doubt / Fear. What do you think, how to control trading psychology.

 

[Goodday]

If we read the theory of how to control trading psychology it seems very simple and easy, but if we practice it in an atmosphere of trading Bitcoin on an exchange, it's not as easy as we imagine, even Bitcoin traders experts often get losses due to poor trading psychology. There are many factors that must be considered, such as, Discipline Against Trading Plan, Don't Be Greedy, Don't Get Revenge and Eliminate Doubt / Fear. What do you think, how to control trading psychology.

Thanks a lot for sharing these wonderful tips about trading. I have also observed patience to be a an important factor in trading. Most traders lack patience in trading and this also has affected traders in most times. Without patience in crypto market, a trader can make much losses.

 

[Seun4luv]

This is refers to the emotions and mental state that help to dictate success or failure in trading securities. Moreso, it can be as important as other attributes such as knowledge, experience and skill in determining trading success.

 

[Khezo]

If we read the theory of how to control trading psychology it seems very simple and easy, but if we practice it in an atmosphere of trading Bitcoin on an exchange, it's not as easy as we imagine, even Bitcoin traders experts often get losses due to poor trading psychology. There are many factors that must be considered, such as, Discipline Against Trading Plan, Don't Be Greedy, Don't Get Revenge and Eliminate Doubt / Fear. What do you think, how to control trading psychology.

Good tips, I believe lack of patience on the side of the traders can be a disaster. Fear can also cause for bad interpretation of market trends also greed. I do think one have to have a relax mind for one to make positive impact in trading

 

[Suba]

This is refers to the emotions and mental state that help to dictate success or failure in trading securities. Moreso, it can be as important as other attributes such as knowledge, experience and skill in determining trading success.

Yeah you are right, emotions and mentality are part of psychology, and we need continuous practice maybe more than a month or a year, experience and skills will add confidence so that we will control trading psychology.

 

[Nurudeen]

Using trading psychology in investment can not be overemphasized due to the way most Investors usually lose their money in trading. For you to over come your fear in trading most especially in stock and crypto trading, you need to control your emotions and know when to exit a trade with good profit.

 

[Chumzy]

Trading psychology control is a very difficult task. If you want to trade effectively, you should manage it, only then can you make good money from trading. One is quickly lost in trading, and loses money.

 

[WhiteHouse]

Trading physcology is very important.
Trading psychology is not just about “strategies and numbers”, it about all aspects of trading and investing, especially “emotions and psychology” .
Always remember, financial market trading isn’t some game you play on demo, it’s real and it’s one of the most brutal and volatile environments in the world to work in.

 

[btaliat]

The first barrier to conquer in both offline and online trading is fear. This great monster has prevented us from taken some liberated steps. After conquering that, we need to conquer greediness lest we lose all what we gain cryptocurrencies.

 

[Sotherefore]

There is only one rule and the only one rule you can follow in any business you are doing especially when it comes to trading of cryptocurrency or forex you must never never be greedy because that's what make a lot of people lose money in trading forex if you have up to $1000 in your Forext or crypto account for trading then makiy 10% each day or 5% everyday that should be enough for you don't expect to make 50% daily because you will actually lose all your money, that's how it work.

 

[Josemendez]

A good trading psychology helps an investor to perform well more than other investors. Being ambitious is quite a good trading quality but shouldn't be allowed to turn into being greed . Greed can render an investor broke .

 

[ahmedo24]

Trading psychology is very important as written by the poster of the thread, I think the basic reason for loses are indiscipline , if one set a limit try to obey it because if you do you won't earn excessively likewise loosing excessively you will always be guided and moderately earn.

 

[Ltherman]

The emotional sanity of a trader is very key in how the career or trading experience of a trader will turn out to be. I very diligent trading plan must be followed and over trading must be avoided cut your losses early and move on with your profits.

 

[Highflyer]

1. Get a job and overcome most of your trading psychology issues instantly.
2. Backtest your strategy and gain massive confidence in your trading.
3. Use the Star System and improve your trading results.
4. Be rich — NOT act rich.
5. The Matrix Technique — detach yourself from the outcome of your trades.

 

[Iamsodex]

These tips are actually in line with forms of trading. Patience is key no matter the kind of market you're trading. Trust your analysis and stop chasing moving candles, the lack of patience to enter a valid setup is the reason most traders loose so much money when trading.

 

[GIFTMICHAEL]

If we read the theory of how to control trading psychology it seems very simple and easy, but if we practice it in an atmosphere of trading Bitcoin on an exchange, it's not as easy as we imagine, even Bitcoin traders experts often get losses due to poor trading psychology. There are many factors that must be considered, such as, Discipline Against Trading Plan, Don't Be Greedy, Don't Get Revenge and Eliminate Doubt / Fear. What do you think, how to control trading psychology.

Greediness affect our investment strategy or plan. We are not supposed to be greedy in trading business.
We need to be self discipline and always understand that the best way to do business is by having being patient enough to know that business is about patient.

Fear and doubt kills passion in business. We need to control our psychological evaluation and perspectives knowing fully that we don't need to entertain fear in business.

 

[BrolySSJ]

If we read the theory of how to control trading psychology it seems very simple and easy, but if we practice it in an atmosphere of trading Bitcoin on an exchange, it's not as easy as we imagine, even Bitcoin traders experts often get losses due to poor trading psychology. There are many factors that must be considered, such as, Discipline Against Trading Plan, Don't Be Greedy, Don't Get Revenge and Eliminate Doubt / Fear. What do you think, how to control trading psychology.

Trading psychology is all about being able to control your emotions and this is very hard to do especially if you see a coin increasing in value and you panic buy the coin or if it is declining in value and you panic sell and make major losses. I think that eh best is to have a plan before hand on your limit in profit and loss and stick to that plan. If you make that sell off and if you are losing sell at your predetermined price. Try to stick to your limits and this will help to not get too emotional.

 

[Trojan8]

I think the key thing is your ability to separate emotions from your trading decisions. While this may seem like a difficult thing to do at the beginning, when you have mastery if it it comes a lifestyle. Successful traders have been able to take charge of their emotions to get to where know you have gotten to.

 

[tuna89]

You are definitely right, greed is one of the major things that affect individuals when it comes to trading, trading should be understood to be a thing of gain of loss of any amount whether big or small, another thing that would lead to success is you being serious with whatever trading plans you have, implementing them in the right is very necessary.

 

[Kelly5]

It is always best practice to set targets each and every time you trade the fx market. Greed is another thing to watch out for. Do not over trade when you see yourself in profits. Take what you get and leave the market.

If we read the theory of how to control trading psychology it seems very simple and easy, but if we practice it in an atmosphere of trading Bitcoin on an exchange, it's not as easy as we imagine, even Bitcoin traders experts often get losses due to poor trading psychology. There are many factors that must be considered, such as, Discipline Against Trading Plan, Don't Be Greedy, Don't Get Revenge and Eliminate Doubt / Fear. What do you think, how to control trading psychl