Psychological training for success in trading

[SuperCrypto 7193]

On 4/10/2020 at 12:08 PM, Preadator889 said:

Psychology affects trading and it has an impact on success. Psychology depends largely on each person himself, he must be confident and believe in yourself and the steps. Meditate and read every day to be more positive

Of course, the trader's psyche has a great influence on his decisions in trading deals, so I encourage the trader's psychological training as he must be patient and endure losses and the ability to rise again at every loss that he might be exposed to.

[phizusiki 239]

On 2/17/2020 at 5:37 PM, Zentoly said:

Yeah when you have no fully control of your emotion during trading then I think you will face loss so when you see that during trading you are doing just lose then you need to stop for some period of time.

when I started trading I got into some trouble, which is why I now try to exercise and sooth it when I trade in the future. emotions affect our deals but this only happens when we have no knowledge and we think that let's see what happens and do this or that. I don't do these exercises because I don't have emotions when trading.

[Brushless4500KV 4214]

Most articles I have read only deal with trading techniques and how to overcome fear. There are few articles available about psychological training for traders. Psychology of crypto trading is something that is not possible to teach in theory. Amateur traders should face real life conditions to learn how to control their feelings and remain neutral to use their minds more effectively during market ups and downs. When I started trading, I would get depressed by a slight loss but over time I learned how to suppress my negative feelings to recover my capital faster. A stable state of mind is necessary to handle an unstable market.

[SuperCrypto 7193]

You must train NFC on market movements and do not be afraid of the currency trading market. Many novice traders fear the idea of uncertainty and high risk for the currency market. But he who can overcome these fears will be able to increase his investments in this market.

[mami2019 0]

In order to start profit you must be well trained in order to control everything and quick profit

[SuperCrypto 7193]

14 hours ago, tomanhtom said:

I also agree with your point

In process to start reaping profit and controlling all these problems, you must train psychologically on the market because this training is the crucial pillar that will completely change and will help you in reaping earnings.

Trader's psychology and its acceptance of profit and loss is a big and important topic, as psychological psychology is the main source of trader mistakes. Perhaps because of fear, which in turn creates a fightback response, either escape.

[teminalibug 309]

23 hours ago, Tomas2020 said:

Some of the psychological factors that affect a trader are falling in the FOMO case: Fear of missing out, a general condition that leads people to want to be in fear of missing an event that they do not participate in.

For me my greatest emotional threats to my self are rage and greedy, I'm a gambling addict and all i do is lose and when i win it is never enough so i gamble until i lose.

[pacific 2268]

The main practice for avoiding any kind of loss in trading is to keep patience. Since patience is the remedy for every problems, it's a key element to success, there's no shortcuts, work hard, be consistent and never give up! 

[SuperCrypto 7193]

On 4/14/2020 at 12:21 PM, pacific said:

The main practice for avoiding any kind of loss in trading is to keep patience. Since patience is the remedy for every problems, it's a key element to success, there's no shortcuts, work hard, be consistent and never give up! 

You should know that the success achieved by the trader in the cryptocurrency market comes from patience and his success in restraint and not falling easy prey to destructive emotions such as haste, fear and greed.

[teminalibug 309]

28 minutes ago, SuperCrypto said:

You should know that the success achieved by the trader in the cryptocurrency market comes from patience and his success in restraint and not falling easy prey to destructive emotions such as haste, fear and greed.

Those are the key elements to succeed in any field and in crypto they are more useful, because once you lose there are many ways you could recover, like gambling, and that is why it is easy to get lost, negative emotions should be avoided at all cost.

[SuperCrypto 7193]

1 hour ago, Mishadima said:

Everyone knows the right thing to do in trading but emotions are the major problem, it is something that is very difficult to control but you have to try and get away with it if you want to be a professional. Yes you are right there are many books that will guide you on that.

Trading should be considered a full-time business and your money management is strictly like a successful businessman where you have a clear goal of getting into any situation and you will find your emotions like fear and greed retreat backward.

[CryptoMaxim 3829]

I didn't practice like this. But you should learn from mistakes. And trading is such a thing that no matter how much experience you have failed deals are inevitable. It's just that with experience, there are fewer of them.

[Jaysen0104 536]

The more important thing you should have in trading is by having psychological training. By this you can easily manage your emotion whether you are gaining or losing profit in trading. This may help you to think in a good state even when you are facing some problems and struggles in trading. That's why it is important to all of us  traders.

[Calvinpriva 17296]

Yes friend, psychology affects many traders and make them losing everyday. Many traders are know how to trade but just one loss will make them panic and they will immediately affected psychological and they may lost all their trades.

[SuperCrypto 7193]

12 hours ago, Junior01 said:

Psychology is by nature a hurdle in many things but in few it comes out as A Good thing, you just need to know where to let it flow and where and when to stop it ruining your life.

Trading in cryptocurrency markets contains a component that unites everyone, so many participants in these activities actually lose their money. For starters, the world of cryptocurrency is inherently volatile.

[phizusiki 239]

On 3/5/2020 at 8:07 PM, fila said:

You will certainly be having some psychological issues when you are doing trades and even more if you are doing trades with high volumes and high value as here you cannot afford any margin of error any more and it may leave some effects on you personally.

Somewhere you are supposed to experience the field to the maximum extent in the classification in order to extend profits from this market. If we do enough learning about the cryptocurrency market, then most obviously, we can make a profit from the daily basis.

[koussai999 1986]

On 2/5/2020 at 3:39 AM, SuperCrypto said:

From my notes, many traders usually know what they should do in trading, but they themselves spoil everything. And I think the real task is to do what you know and get to its logical conclusion, following your methodology of trading systematically. So I advise you to try psychological resistance exercises in cryptocurrency trading.
Are any of you doing these exercises?

Yes, my friend really did well
You must possess great trading skills before entering the market
To be able to control your skills in the field
Also, to be able to apply strict capital management to your capital

[SuperCrypto 7193]

17 hours ago, koussai999 said:

Yes, my friend really did well
You must possess great trading skills before entering the market
To be able to control your skills in the field
Also, to be able to apply strict capital management to your capital

One of the most important skills that you have to enjoy is the ability to overcome your emotions in the cryptocurrency market because the emotions have a very strong impact so the vibration of the psychological state leads to more and more mistakes.

[Jeet Narayan 1940]

I'm not doing these kind of exercise now because I'm new trader. I always try to get profit 25% from all my coins in monthly basis. When I will become good trader then I will try that kind of exercise which trader recommend.

[Ch Ayyan 9781]

You are right my friend  this factor is very  important  in trading  if we want to successful. Because  mostly  profits and losses are depends mostly  on our psyche. 

[George10 9932]

On 2/5/2020 at 10:39 AM, SuperCrypto said:

On 2/5/2020 at 10:39 AM, SuperCrypto said:

 

From my notes, many traders usually know what they should do in trading, but they themselves spoil everything

 

Yes many of traders out there do make mistakes that they even knew of but only failed to do the right thing and it's very important to stick to our strategies regardless of the situation and never to dout them.

[SuperCrypto 7193]

3 hours ago, George10 said:

Yes many of traders out there do make mistakes that they even knew of but only failed to do the right thing and it's very important to stick to our strategies regardless of the situation and never to dout them.

The beginner trader should learn from his mistakes and successes and build his own trading strategy. Accordingly, every business day you need to start preparing the trading plan and a thorough analysis of the reasons for failure and success.

[Saboor 511]

Trading depends on your psychological evaluations and this always get better when you are more exposed to it, so if you constantly keep practicing, then it will be better for you

[phizusiki 239]

The experience we gain in trading can also help us grow because as long as your trade can offer a different strategy. Most people want to make good money I think trading is the best and that is the popular income system.

[SuperCrypto 7193]

22 hours ago, rezzougali1985 said:

Yes this kind of exercises are mandatory to a successful trader, witch is called also the emotional analyse, and it is the hardest analyse in the trading comparing to the fundamental and the technical, for me i lost many account because of the bed management of the greediness.

A term is emotional intelligence that indicates how a person is able to perceive and manage his own feelings and those of others. Effective markets are based on the assumption that rational persons with this ability can maximize gains and minimize losses.