Trading psychology

[ItsMauls 21]

The psychological aspect of trading is extremely important. Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so they will stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

 

 

Understanding Fear

When traders get bad news about a certain stock or the general market, it's not uncommon to get scared. They may overreact and feel compelled to liquidate their holdingsand go to cash or to refrain from taking any risks. If they do that, they may avoid certain losses, but they also may miss out on gains

[bentayebsalah 2280]

If the trader has a strong personality, he will surely succeed in making a good decision, but if he is not and was affected by fear or excessive anxiety, he will fall into a bad position and lose

[Akbor 1042]

This is right that the traders need to take instant decision  and when the traders get any bad news he gets scared but I think he should be patient then.

[Rudro88 371]

Yes of course we need to start trading with respect to trading.  Only then can we succeed in trading.  And some important aspects of trading will be good for us.

[iloveyobit 6599]

Thank you for this valuable information. Indeed, the market moves the behavior of traders, and simply trading is transferring money from the impatient and fearful trader to the patient trader.

[kazumina91 148]

It is a big determinant of your outcome, winning or losing, success or failure, if you do not have good mentality and thinking mind you will definitely lose by the shark, you will get the shark. Big devour, so you need to pay attention to psychological training

[Naga 1250]

10 minutes ago, Superred said:

Know your emotion indeed necessary because from it we will have good self control during trading and with good psychology means good mental too and it can lead you to minimize lost 

well  i really believe mentality will affect the way you trade but i think with time you will learn to control it and it will not affect you and make you panic when the market is dumping.

[Adiegumabao 1223]

On 12/16/2019 at 8:41 PM, ItsMauls said:

The psychological aspect of trading is extremely important. Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so they will stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

 

 

Understanding Fear

When traders get bad news about a certain stock or the general market, it's not uncommon to get scared. They may overreact and feel compelled to liquidate their holdingsand go to cash or to refrain from taking any risks. If they do that, they may avoid certain losses, but they also may miss out on gains

I also plan om trading on the future but not now. I will first gain more knowledge about trading. And also would earn money to use it for trading.

[Yanadia 1517]

It ia really true , that one of the factors that can damage traders' portfolios is "making decisions involving emotions?"

 Yes, emotions will definitely surface, but it is your main task not to let emotions take over when you have to make a serious decision too.

[Gg233 1061]

On 12/16/2019 at 8:41 PM, ItsMauls said:

The psychological aspect of trading is extremely important. Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so they will stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

 

 

Understanding Fear

When traders get bad news about a certain stock or the general market, it's not uncommon to get scared. They may overreact and feel compelled to liquidate their holdingsand go to cash or to refrain from taking any risks. If they do that, they may avoid certain losses, but they also may miss out on gains

Thank you for sharing I learned a lot from that and it is very good to understand that and it really helped me and other traders or newbie traders like me.

[Ionescu 115]

In order to become a good trader you have to learn how to control your emotions. You have to understand that is jot an easy thing to do and not everyone is able to do it

[Hendy1 370]

Yes you are right, emotional reactions often arise due to bad trading, while mature decisions reflect good trading. Generally the most experienced traders choose to make measurable decisions in every trade, and not rely on spontaneous decisions that can destroy their entire trading career, so they choose to practice.

[khan22 3478]

On 12/21/2019 at 8:37 PM, laska smrtici said:

I think the psychological aspect of the trade has a huge impact
It may make you win or lose, and this is what you must practice developing and controlling for a good decision

Trading psychology is the most difficult thing in the market in which if yo understand this than you can make good money in the market and your loss chance is so much low at that time becasue all the amrket will run onthe psychology base now.

[Whydoyoucare 1094]

In trading its really important how to deal with your own emotions, because emotions can really affect all your decision makings in crypto trading. so dont trade if you are not ready.

[Zeyazan 204]

Hello my friend from my point of view I see that the emotional aspect of trading is very important It can cause big losses for traders.So this fear must be eliminated so that they can make a profit.And the best way to do that is to practice too much.

[guatazoo 7150]

6 hours ago, Whydoyoucare said:

In trading its really important how to deal with your own emotions, because emotions can really affect all your decision makings in crypto trading. so dont trade if you are not ready.

Emotions ***ed me up on gambling, i think same effect applies to trading, from then i tend to avoid emotions get the best of me.

Edited January 27, 2020 by guatazoo

[talo122 735]

On 12/16/2019 at 2:41 PM, ItsMauls said:

The psychological aspect of trading is extremely important. Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so they will stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

 

 

Understanding Fear

When traders get bad news about a certain stock or the general market, it's not uncommon to get scared. They may overreact and feel compelled to liquidate their holdingsand go to cash or to refrain from taking any risks. If they do that, they may avoid certain losses, but they also may miss out on gains

It is to say, but belive  me when you are trading this emotions well come and overtake you specially when you are beginner, by practicing trading only you can deal with it, and when you facing the losses you learn to control them. 

[febriyana 934]

Yes that is right. To doing trading is not all about money, but also psychology. Most new trader is really emotional when going trading, that is why the biggest reason trader losing their money there. So really important for us to not follow our emotional, if we follow it. We sure will be greedy and fear everytime. That is also bad idea for our health in the future.

[Lunaa 238]

True, a trader are force to make a quick decision in a short time, some time it's quite frustrating making the decision. Especially if you're under pressure. Which is why you should learn to be calm no matter what happen

[Cryptominded 704]

On 12/21/2019 at 4:37 PM, laska smrtici said:

I think the psychological aspect of the trade has a huge impact
It may make you win or lose, and this is what you must practice developing and controlling for a good decision

The psychology aspect of trading is very vital for attain success because if get a trader up on how to handle losses as well as gains. The inability of a trader to handle both properly can only result to more losses. 

[Brushless4500KV 4214]

I think the most important psychological point about crypto trading is that we should not trade when we don't feel well. The best time for trading is when we have the mood for it. We should trade with neutral feeling without being excited or depressed. Your brain works best when you are not emotional. You should also avoid trading when you are physically or mentally tired because your brain can not process information effectively and without enough focus and concentration, you will take the wrong path and either lose money or gain less profit.

[Red-Jones 1150]

On 12/16/2019 at 4:41 AM, ItsMauls said:

The psychological aspect of trading is extremely important. Traders often have to think fast and make quick decisions, darting in and out of stocks on short notice. To accomplish this, they need a certain presence of mind. They also, by extension, need discipline, so they will stick with previously established trading plans and know when to book profits and losses. Emotions simply can't get in the way.

 

 

Understanding Fear

When traders get bad news about a certain stock or the general market, it's not uncommon to get scared. They may overreact and feel compelled to liquidate their holdingsand go to cash or to refrain from taking any risks. If they do that, they may avoid certain losses, but they also may miss out on gains

 

I have a question:

 

do you trade? or have you ever made a trade?

 

giving advice to other people is very easy, but the main question is: how many people who give advice about trade have been successful in making trade?

[bliznec 22268]

In trading, the main thing is patience and wait in the wings when the choice comes at which price you want to sell or buy crypto. Patience also plays a role. 

[Sasaki 171]

It is a good thing to have a psychology mind because in trading you need a strategy that will help you to earn more, having this psychology mind might help you in some situation and not become afraid all the time. 

[Zeyazan 204]

Yes, you're right.Thank you for this intervention.Psychology is one of the most important points in the trader's results.Unfortunately, only a few people pay attention to this point.