Trading Psychology 101 🧵
If you're new to the field and trying to make sense out of out, good.
The charm of seeing numbers flickering on your screen can be exciting and shattering at the same time.
The ability to hold these emotions from the beginning will give you an edge.
If you're new to the field and trying to make sense out of out, good.
The charm of seeing numbers flickering on your screen can be exciting and shattering at the same time.
The ability to hold these emotions from the beginning will give you an edge.
When you're just starting, It's tempting. The thought of conquering it all in a day just gets imprinted on our brain.
Because of this, The risk of overdoing pops in. Stick with what works for you and keep adding in along the way.
Because of this, The risk of overdoing pops in. Stick with what works for you and keep adding in along the way.
Be self-aware, Know yourself and develop a system that tunes in with your personality and risk appetite.
Let's say If you can manage many open positions and make adjustments at a quick pace, you might want to give scalping technique's a shot.
Let's say If you can manage many open positions and make adjustments at a quick pace, you might want to give scalping technique's a shot.
On a similar note, If you feel that this is a hassle for you. You can try swing trading technique's to lower the pressure and trade with a calm mind.
It's more of a mental game.
One aspect that we generally tend to ignore is out lifestyle and priorities.
It's more of a mental game.
One aspect that we generally tend to ignore is out lifestyle and priorities.
If you're in a job due to which you can't be in front of your screen all the time, you might want to opt for strategies that make it trading possible for you under such constraints swing trading.
Any particular skill set will take time to master.
Any particular skill set will take time to master.
So be responsible for each move you make and even if it goes wrong, try to learn from it.
Trading psychology > emotions.
We're all human beings and the tendency of living in greed and fear sometimes over powers and clouds our judgements and we make poor decisions.
Trading psychology > emotions.
We're all human beings and the tendency of living in greed and fear sometimes over powers and clouds our judgements and we make poor decisions.
Understand that it's okay and hold your self accountable for it.
The trick is to stay focused on what the market is telling you rather than what you're telling the market to do
The trick is to stay focused on what the market is telling you rather than what you're telling the market to do
Make sense Out of it*
Stay disciplined as it goes hand in hand with trading psychology, as this enables you to stick to your strategy and risk management rules.
it can be tempting to deviate from your plan when the markets are going haywire but with the right mindset and discipline,
it can be tempting to deviate from your plan when the markets are going haywire but with the right mindset and discipline,
You'll be able to ace it.
Keep a trade journal to work on your trading psychology.
This is a habit that must be started by traders from the very start.
Keep a trade journal to work on your trading psychology.
This is a habit that must be started by traders from the very start.
This allows you to keep track of your profit and loss, trading decisions, trade strategies, and even the factors that influenced your decisions.
Read about Trading Journal at-
Read about Trading Journal at-
https://twitter.com/GurleenKaur_19/status/1413139964246646793
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