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Topic: Trading psychology and TA - page 2. (Read 1182 times)

legendary
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June 17, 2024, 03:24:53 AM
#90
psychology literally the tool that the whales use to profit like they are taking advantage of sudden artificial dump to accumulate, and sudden flash pump to make people fomo into giving out their moeny for free to harvest for these whale.

you see the chart of most of coins its full of psychology play, sometime there's dead cat bounce to attract people by taking advantage of their psychology into thinking that the bottom is here but actually thats not true and price further tank and the people that long are the ones getting liquidated, free money for the whales.

pretty much everything in this world just revolve around psychology so trading is not an exception the TA is just a bonus factor to know that something maybe is happening but you can never guess whats truly happening since TA quite literally just trying to make sense of the chart even though it never make sense in the first place but it sort of tool for people to give themselves guideline.

the people that don't believe in psywar int rading are the people that just don't know what they're doing and should know that the TA sometime inaccurate because the entire market chart is more than just some TA.
That is such a low life thing to do and yet whales still do it. Manipulation of the market to make people "feel" something and then doing the opposite to make people lose money while whales gain all of it is not only illegal in most stock cases, but also very shitty in crypto as well. Psychology is something we need to recover, and act more like whales instead, when they want us to sell, we should be buying, and when they want us to buy, we should be selling.

This way we would be moving with them, and not going against them, whales are much better in this game then us. Sure that gamestop thingy made it possible for us to see how it works, and retail investors made some money, but it is not really that common when you think about it.
member
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June 15, 2024, 12:01:27 PM
#89
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.
It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.
Just let them believe into the things on what they do have in mind because at the moment that they would really be able to experience for themselves about on how harsh this market is then you would really be definitely be able to tell about the significance of these things or simply which is really that inevitable. You would really be needing to adjust accordingly and not really just that simply sitting still into a condition on which you've seen that there's no way that you could really be that progressive. You would be making those adjustments on which it is really just that a common approach that you could really be having.
You would really be needing to combine all the things that you do know which do came from on your actual experience and ideas on past dealings.

Dealing up with volatile market isnt really just that sitting still on TA but also considering with FA too on which this is something that would really be  that relevant because you could be able to
apply it into your own analysis and making out some adjustments if you have seen some probabilities in regarding into its potential price condition or outcome.
Coordination is a very necessary and important thing for trading. When it comes to consistency in trading it comes down to knowledge experience statistics TA FA bid price ask price risk management one's analytical ability and psychological factors. So if we can create harmony between all these things I think it will be easier to deal with trading challenges.
full member
Activity: 1246
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June 13, 2024, 11:13:40 PM
#88
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
In my opinion, psychology in trading is one of the factors in determining success in trading. Indeed, risk management, knowledge and the ability to carry out analysis of TA and FA are very important. However, on the other hand, emotional management, in this case part of trading psychology, is also important for us to prepare our emotions and mentality in trading. Because trading makes our feelings, mental and mental burdens sometimes much heavier and like a roller coaster. So, this really requires very good emotional management and control. And indeed, it's not an illusion, in my opinion it's not an illusion, but it is indeed our need to continue to manage and control our psychology as wisely as possible so that we can stay calm, healthy and wise. also during any decision making that is not hasty.
When I took a trading class, what was taught first was our psychology, after that we went into technical analysis and financial management. After I noticed it was true, to be able to make TA run according to our framework, we must have good psychology, so that it is not affected by price fluctuations in the market, because everyone has certainly felt their heart beating fast when they see the market moving wildly.
full member
Activity: 1582
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June 12, 2024, 03:40:25 PM
#87
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
In my opinion, psychology in trading is one of the factors in determining success in trading. Indeed, risk management, knowledge and the ability to carry out analysis of TA and FA are very important. However, on the other hand, emotional management, in this case part of trading psychology, is also important for us to prepare our emotions and mentality in trading. Because trading makes our feelings, mental and mental burdens sometimes much heavier and like a roller coaster. So, this really requires very good emotional management and control. And indeed, it's not an illusion, in my opinion it's not an illusion, but it is indeed our need to continue to manage and control our psychology as wisely as possible so that we can stay calm, healthy and wise. also during any decision making that is not hasty.
legendary
Activity: 3122
Merit: 1140
June 12, 2024, 01:47:31 PM
#86
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.
It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.
Just let them believe into the things on what they do have in mind because at the moment that they would really be able to experience for themselves about on how harsh this market is then you would really be definitely be able to tell about the significance of these things or simply which is really that inevitable. You would really be needing to adjust accordingly and not really just that simply sitting still into a condition on which you've seen that there's no way that you could really be that progressive. You would be making those adjustments on which it is really just that a common approach that you could really be having.
You would really be needing to combine all the things that you do know which do came from on your actual experience and ideas on past dealings.

Dealing up with volatile market isnt really just that sitting still on TA but also considering with FA too on which this is something that would really be  that relevant because you could be able to
apply it into your own analysis and making out some adjustments if you have seen some probabilities in regarding into its potential price condition or outcome.
member
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Merit: 15
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June 12, 2024, 01:24:01 PM
#85
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.
It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.
member
Activity: 224
Merit: 42
June 11, 2024, 08:13:24 AM
#84
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.

Do you imply that Psychology is the key in Trading and not necessarily TA; I disagree. TA is more than 20% when it comes to Trading.
Am not saying Psychology is not vital, but Psychology is a crap when you do not have a good Technical edge, the Technical edge is what builds you, gives one the confidence, and also boost your win rate because you already know what you should and should not in a Market, the reason many Traders fail is because they blame psychology whereas they are the problem from there strategy, approach risk management all sucks.

Have an edge before talking of psychology because if you don't it would surely mess with you and incurred more losses. I believe if any Trader accept and judges his trades before entry---- psychology is settled.
legendary
Activity: 3276
Merit: 1029
Leading Crypto Sports Betting & Casino Platform
June 11, 2024, 01:20:20 AM
#83
psychology
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.
psychology literally the tool that the whales use to profit like they are taking advantage of sudden artificial dump to accumulate, and sudden flash pump to make people fomo into giving out their moeny for free to harvest for these whale.

you see the chart of most of coins its full of psychology play, sometime there's dead cat bounce to attract people by taking advantage of their psychology into thinking that the bottom is here but actually thats not true and price further tank and the people that long are the ones getting liquidated, free money for the whales.

pretty much everything in this world just revolve around psychology so trading is not an exception the TA is just a bonus factor to know that something maybe is happening but you can never guess whats truly happening since TA quite literally just trying to make sense of the chart even though it never make sense in the first place but it sort of tool for people to give themselves guideline.

the people that don't believe in psywar int rading are the people that just don't know what they're doing and should know that the TA sometime inaccurate because the entire market chart is more than just some TA.
hero member
Activity: 1008
Merit: 702
June 10, 2024, 10:52:26 AM
#82
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.
sr. member
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June 09, 2024, 06:07:54 PM
#81
Trading crypto for me is the same as in general, I mean controlling mentally when money is limited and achievements are to be achieved, I feel how much it takes extra time to restore the mood when psycology falls apart because expectations turn into deep losses.

I learnt that trading is a choice, because even I have achieved instant profits. I choose to take 10-25% of my profit and close from the inside if the dump is about 5-10%, I don't expect too much on the trend that is still on the way and don't expect too much on the price range that is not necessarily happening, I am concerned with what makes sense to me.

Of course it will be more comfortable and free in making decisions. So far bitcoin is more stable than other cryptos, so naturally some whale circles prefer bitcoin. a quieter market makes psychology more awake.
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June 09, 2024, 06:32:43 AM
#80
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
Yeah that's true to some extent someone who have good control on his nevers is a better trader then the ones who don't have that. Sometimes you sell the coin at the time because you can't control your nerves but later you find out that it wasn't the right decision to make.

In crypto it's all about the right time and the right decision otherwise you'll never be able to make good profits if you don't make right decisions.
sr. member
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June 09, 2024, 05:51:30 AM
#79
In short, if you don't have brain to analyze and uncapable to have emotion while trading, then psychology would probably be illusion for you. Because guess what? Emotion is everywhere in trading especially in crypto market. Every spike in volatility going higher or lower is just emotions and convictions of people trying to buy at low price and sell at higher price. The way you are thinking is fact that Psychology is real. In trading where it's a battle of metal resilience, it is important hat you have a strong sense of psychology in terms of winning and losing.

Psychology is emotional and every traders has an emotions therefore if you do not know the trading psychology, you are not going to be a good trader. The market has it own psychology that you have to know so you are not to sell when you are meant to be hodling. You do not have to panic despite if you see the market falling because they market will recover. When you see profits, you are meant to take the profits and keep it in stablecoin but if you do not take the profits, you might lose it as profits that you have not taken is not yet a profit. You have to believe in yourself that you can win when trading so that the decision you take next will be good ones that can make you win and not to be trading under pressure that can make you to make the wrong moves that will make you to lose the trade.
hero member
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June 09, 2024, 03:02:33 AM
#78
If you want to stay long in that strategy you are using to earn profits from the market, make sure you continue using psychology and technical analysis in your trading, because you need to think ahead of what you are about to put your money, and when you are going to sell to take profits.

Just ensure you make use of them in your crypto trading, and it will be difficult for you to fail easily like the way other traders failed without psychology and technical analysis in their trading.


Now that people are hodling for $100k to come before they can trade, they  derived the strategy from psychology which many people are using to earn profits from trading, and anyone that have the psychology of crypto will surely earn profits when the best season occur.
There is no doubt that without having the best strategy, no one can profit from trading. The main reason for the success of successful traders is that they know how to choose the right thing at the right time. Time to buy coins, what time to sell, and how much profit to get. When I was new in the market, I lost most of my money because I didn't know the right time. When it was time to sell coins in the market, I would buy the coin, and when it was time to hold the coin, I used to sell and as soon as I sold, the coin would go up which I was very sorry about and I always wondered how people profit and know when the market will go up.

As time went on, as I started researching and reading more about it, I realized that perfect timing is the key to successful trading. Another important thing is to control your emotions. If you have ever faced a loss in the market, it does not mean that you should invest all your remaining money and take more losses in trading and gambling. There is a slight difference and one thing common to both gambling and trading where you can win with patience and lose everything with impatience.
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June 08, 2024, 07:39:49 PM
#77
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades
Those who don't believe in trading psychology are the same with those who think they can trade without Stop Loss (SL) It's an important aspect of trading.

In short, if you don't have brain to analyze and uncapable to have emotion while trading, then psychology would probably be illusion for you. Because guess what? Emotion is everywhere in trading especially in crypto market. Every spike in volatility going higher or lower is just emotions and convictions of people trying to buy at low price and sell at higher price. The way you are thinking is fact that Psychology is real. In trading where it's a battle of metal resilience, it is important hat you have a strong sense of psychology in terms of winning and losing.
sr. member
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June 05, 2024, 04:22:39 PM
#76
However, there is another truth, that I would like to say, Bitcoin is a very solid investment asset, with very good ROI in history, so in either bear market or bull market, if you are an investor with long term plan, the bear market is still very good period for you to accumulate Bitcoin.
This is true for bitcoin, but buying at the mid or highs is something that I would still not recommend. It might go up for that price but in case it does not, it will initially cause mental dissatisfaction to the trader and not all traders will be able to hold through that phase.

Rather the least stressful thing is to buy at the low and wait for that to go up. While TA is more of a day-trading thing, use it only to determine a phase, dont depend on it completely.

Buying low and selling high is a general concept applicable to every speculative asset, not just bitcoin.
If you are making some short trade or making some trend or reversal hunting then putting up your position into these current levels is something that you wont really be considering but if you are someone who would really be gonna tend to hold for long term then any entry would really be something that you would consider and wont really be stressed out. Somehow, it cant really be that avoided for sometime that you wont really be having that kind confidence even if you do hold up for long term. You would really be always thinking about the bottom for maximum profitability on which you cant blame out someone
on having that kind of approach. You would really be thinking that you should really be needing to hold more or waiting for that extreme dip.
full member
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June 05, 2024, 10:20:01 AM
#75
Quote from: |MINER|
Both are essential in trading.  Both psychology and technical analysis are essential in training.  We cannot compare one with the other in this case or define any one.  Just like trading cannot be learned without technical analysis, trading cannot be learned without mastering psychology.  Without technical analysis you will not understand the technical aspects of trading.  And without psychology you cannot keep your mind strong and free from greed.  Moreover, training requires a lot of mental endurance which cannot be achieved without psychology.'
If you want to stay long in that strategy you are using to earn profits from the market, make sure you continue using psychology and technical analysis in your trading, because you need to think ahead of what you are about to put your money, and when you are going to sell to take profits.

Just ensure you make use of them in your crypto trading, and it will be difficult for you to fail easily like the way other traders failed without psychology and technical analysis in their trading.


Now that people are hodling for $100k to come before they can trade, they  derived the strategy from psychology which many people are using to earn profits from trading, and anyone that have the psychology of crypto will surely earn profits when the best season occur.
legendary
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June 02, 2024, 12:43:43 AM
#74
However, there is another truth, that I would like to say, Bitcoin is a very solid investment asset, with very good ROI in history, so in either bear market or bull market, if you are an investor with long term plan, the bear market is still very good period for you to accumulate Bitcoin.
This is true for bitcoin, but buying at the mid or highs is something that I would still not recommend. It might go up for that price but in case it does not, it will initially cause mental dissatisfaction to the trader and not all traders will be able to hold through that phase.

Rather the least stressful thing is to buy at the low and wait for that to go up. While TA is more of a day-trading thing, use it only to determine a phase, dont depend on it completely.

Buying low and selling high is a general concept applicable to every speculative asset, not just bitcoin.
hero member
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May 13, 2024, 03:16:26 PM
#73
In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.
Having right knowledge isn't enough.

There's more to it when you've discovered how the actual trading goes to work. You have the basic knowledge and refining it still won't be enough to be honest.

You need to be better in most of your decisions and actions because of how quick this market goes, you might miss a lot of money or get to lose a lot in split seconds because of poor decision making.

You can be good in TA, FA, etc but when you're slow as a turtle in executing it, it doesn't make sense.
But I think that having the right knowledge will increase your confidence, which means that you can now decide more quicker but maybe you are still right that it is not enough because we might also need a luck as the market can still moves randomly sometimes.

Now if we don't have it, this is where we can lose quickly but as long as we are minimizing our volumes, we still have something left and we can use them to possibly recover and back on the profiting side again. Other than luck, we also need to be good at controlling our emotions because I think that having a good knowledge is separated to it, or having a good knowledge can also make us over-confident and greedy.
I am not saying that it is not going to increase your confidence but I'd say that it is not enough. It's good to have the right knowledge but it's about the final decision with your trades.

That's why it is what traders have to think of when they have the background already. It's not about how quick you are to decide but it is about on how good you are in making decisions.
hero member
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May 13, 2024, 02:26:21 PM
#72
In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.
Having right knowledge isn't enough.

There's more to it when you've discovered how the actual trading goes to work. You have the basic knowledge and refining it still won't be enough to be honest.

You need to be better in most of your decisions and actions because of how quick this market goes, you might miss a lot of money or get to lose a lot in split seconds because of poor decision making.

You can be good in TA, FA, etc but when you're slow as a turtle in executing it, it doesn't make sense.
But I think that having the right knowledge will increase your confidence, which means that you can now decide more quicker but maybe you are still right that it is not enough because we might also need a luck as the market can still moves randomly sometimes.

Now if we don't have it, this is where we can lose quickly but as long as we are minimizing our volumes, we still have something left and we can use them to possibly recover and back on the profiting side again. Other than luck, we also need to be good at controlling our emotions because I think that having a good knowledge is separated to it, or having a good knowledge can also make us over-confident and greedy.
sr. member
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May 13, 2024, 11:50:38 AM
#71
Every trader needs to master their psychology to be able to profit from the market. Otherwise, they will be messed up by the market once they get hit by loss and they will lose confidence of the little they even know. Nothing messes a trader up like loss of confidence in their trading strategy or plan. Risk Management/Money Management is benched on trading psychology. It's an important aspect of trading.
It is almost the most important aspect of trading because even when you master the other sides of trading but have not yet mastered the psychological side, chances of making wrong decisions will still be very high. The psychological aspect of trading can affect your decision to either enter a trade, exit a trade or take profit too quickly before you can get maximum or get out of the market with a loss as a reaction due to fear, as soon as your predictions show a sign of pullback. Good traders are psychologically sound.
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