How to Control Trading Psychology?

[Gandiba]

It is something that can be easily settled by making sure you do not allow your emotions becloud your sense of reasoning.

Just try as much as possible to make sure that you are staying focused.

 

[Agbalagbaa]

I learnt to control my emotions by practicing it in a demo account before launching into a live account. This is because I am fully aware that trading is largely psychological.

 

[Smiles20]

Trading psychology was created mainly to control how people should not be greedy and they should not be fearful whenever they're in the market. I usually write all the things that I would like to achieve including not over trading and taking profits early near my desk.

 

[Good-Person]

Trading psychology was created mainly to control how people should not be greedy and they should not be fearful whenever they're in the market. I usually write all the things that I would like to achieve including not over trading and taking profits early near my desk.

Well, the there are certainly many people who may have a fear of trading and I think that it is normal for people to have fear to some degree. This cannot be controlled completely.

 

[Planbizzle]

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.

Instead of concentrating on trying to make money, you should concentrate on making wise judgments based on thorough analysis and risk management. It's also critical to maintain discipline and refrain from allowing your emotions to rule your actions.