Trading psychology - The key to success !!In this post, I'm going to focus on one of the most unpopular but most important topics of all.
TRADING PSYCHOLGY !!
The central issue in retail are feelings, especially fears. Anyone who wants to survive in retail in the long term needs mental knowledge and has to work hard on oneself all the time.
The beginner neglects topics such as risk management, money management, position sizes mostly completely. This leads to the fact that he becomes insecure with every small movement. He is constantly afraid of not getting straight. Anyone who is in this emotional kaos, it is very difficult to achieve long-term profits.
That is the main reason why most of them fail at trading. They trade emotions, not setups. All these useful tools are of little help if you are not able to use them with discipline. And only those who have their emotions under control will also rule the trade. Traders do not fail because of the system, they fail because of the implementation. Many studies have proven that.
Do you know the advertisement. a good-looking guy, a hot blonde in the passenger seat of his lambos ... takes his cell phone out of his pocket, quickly places a buy order while driving, and 2 traffic lights further he has earned 3k..don't fall for such guys.trading is hard work !
I burned my portfolio 3 times before I got confused with my personal psychological problems.
Already heard of the 90-90 90 rule: 90% of all traders lose 90 % of their portfolio in the first 90 days.
Your spot on, the only way to succeed is hard work and control those emotions. Trade the chart not your heart. Safe trading everyone.
First ask yourself frafe aller: Why do I trade, what do I want to achieve? The answer determines whether you want to trade as a game, as a hobby or as a business!
The second important question is what psychological type are you
Brain stem-oriented person:
-person-oriented
-avoid arguments
-Customer
- inflexible
- strong need for security
- are routine tasks
This guy acts stomach-oriented, listens to others and avoids change - own trading style difficult to achieve
diencephalic oriented person:
- dominant character
- gets straight to the point
- can admit mistakes
-acts impulsively
-acts flexibly
This type is quite suitable for scalps and daytrades - but you have to be careful not to over-trade
strives for a safe distance
-is a lone wolf
-has little relation to his feelings
-rational process-oriented
- he keeps calm in the chaos
This type has very good trading requirements, emotions on the interpersonal level will also be reflected in trading. Stop out-never mind. This type will certainly find its strengths in system.swing and position trading.
All professionals went through hell in the first few years. Why should it be any other way for you?
Are you ready to lose money in order to increase your portfolio much later in the long term?
Are you ready to take many years of time for success?
IF YES, YOU CAN DO IT !!
WHIT COACHING TO THE GOAL !!
if you want to become a good trader you should constantly work on further development. external coaching and self-coaching are the solution. every professional, no matter in which area they need help, just pay attention to the fact that they are not of the beginners in their suits reinfallen can be found on countless youtube channels. it cost me months, if not a year.
IF YOU WANT, I M ALSO HAPPY TO ANSWER ANY QUESTIONS; JUST WRITE ME !!
If you like my posts smash the like button, comment or follow me !!
and I will expand this important topic into countless numbers
