🧵DOES TRADING PSYCHOLOGY REALLY EXIST ❓
I won't be telling you the same things that people repeat like a parrot on social media about trading psychology.
To me trading psychology has two seperated parts.
A THREAD (1/11)
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I won't be telling you the same things that people repeat like a parrot on social media about trading psychology.
To me trading psychology has two seperated parts.
A THREAD (1/11)
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It's before and after we take trades. What is struggled, after the trades taken is the lack of knowledge and experience OR it's the lack of not being mastered at trading model(s) you use in your trading.
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Because the trader hasn't been experienced with almost all possible senarious in that specific market condition, so the trader feels the anxiety or similar feelings.
In conclusion, we can say there's no real psychological aspect of trading, after the trade is taken
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In conclusion, we can say there's no real psychological aspect of trading, after the trade is taken
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It's all about not being experienced enough and not being mastered at the trading models used.
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Let's make a little break real quick and let me introduce you the trade journaling app "Trader Sync".
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@FundedNext offers you 2 months of TraderSyc subscription for FREE !
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1⃣ Go to app.fundednext.com
2⃣ Go to dashboard
3⃣ Utilities
4⃣ Register for Trader Sync
5⃣ Check your e-mail for credentials
6⃣ Follow the instructions and enjoy !
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2⃣ Go to dashboard
3⃣ Utilities
4⃣ Register for Trader Sync
5⃣ Check your e-mail for credentials
6⃣ Follow the instructions and enjoy !
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I think the most important part of the psychology is the process, before we take the trade
You definitely need to be aware If you're ready to trade or not. This is the real psychology aspect of trading.
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You definitely need to be aware If you're ready to trade or not. This is the real psychology aspect of trading.
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You might have an argument with your wife, friends or girlfriend. This sort of things will affect your decision making, even before you execute trades.
So, it's better to have a checklist about these things. You can also be in the effect of a recent accident you had.
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So, it's better to have a checklist about these things. You can also be in the effect of a recent accident you had.
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It's always better to do a consideration about your mental status. These are possible things to consider :
1⃣ Being sleepy
2⃣ Being hangover from last night :)
3⃣ Having an argument with someone
4⃣ Getting triggered by something related to your trauma
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1⃣ Being sleepy
2⃣ Being hangover from last night :)
3⃣ Having an argument with someone
4⃣ Getting triggered by something related to your trauma
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If you have any of them, you must definitely skip the current trading session or even a trading day, If required.
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Thanks for reading. I hope this little thread is insightful to you and makes you understand that trading psychology has two seperated parts.
Things to consider,
1⃣ Before we take trades = Real psychology aspect
2⃣ After we take trades = Experience and technical aspect
Things to consider,
1⃣ Before we take trades = Real psychology aspect
2⃣ After we take trades = Experience and technical aspect
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