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Psychology

Trading-Psychology: Fear & GreedFear & Greed Trading psychology is different for each trader, and it is influenced by the trader’s emotions and biases. The two main emotions that are likely to impact the success or failure of a trade are greed or fear. Greed is defined as the excessive desire for profits that could affect the rationality and judgment of a trader. A greed-inspired trade may involve buying stocks of untested companies because they are on the rise or buying shares of a company without understanding the underlying investment. Greed can also make a trader stay in a position for too long in an attempt to squeeze every event out of the trade. It is common at the end of a bull market when traders attempt to take on risky and speculative positions to profit from the market movements. On the other hand, fear is the opposite of greed and the reason why people exit a trade prematurely or refrain from taking on risky positions due to concerns of incurring losses. Fear makes investors act irrationally as they rush to exit the trade. It is common during bear markets, and it is characterized by significant selloffs from panic-selling. Fear and greed play an important role in a trader’s overall strategy and understanding how to control the emotions is essential in becoming a successful trader.
BITSTAMP:BTCUSDEducation
by JS_TechTrading
Overcome Fear of Missing Out 🤮MAIN TALKING POINTS: What is FOMO in trading? What characterises a FOMO Trader? Factors that can Trigger FOMO DailyFX analysts share their FOMO experiences Tips to overcome FOMO WHAT IS FOMO IN TRADING? FOMO in trading is the Fear of Missing Out on a big opportunity in the markets and is a common issue many traders will experience during their careers. FOMO can affect everyone, from new traders with retail accounts through to professional forex traders. In the modern age of social media, which gives us unprecedented access to the lives of others, FOMO is a common phenomenon. It stems from the feeling that other traders are more successful, and it can cause overly high expectations, a lack of long-term perspective, overconfidence/too little confidence and an unwillingness to wait. Emotions are often a key driving force behind FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Common emotions in trading that can feed into FOMO include: Greed Fear Excitement Jealousy Impatience Anxiety WHAT CHARACTERIZES A FOMO TRADER? Traders who act on FOMO will likely share similar traits and be driven by a particular set of assumptions. WHAT FACTORS CAN TRIGGER FOMO TRADING? FOMO is an internal feeling, but one that can be caused by a range of situations. Some of the external factors that could lead to a trader experiencing FOMO are: Volatile markets. FOMO isn’t limited to bullish markets where people want to hop on a trend – it can creep into our psyche when there is market movement in any direction. No trader wants to miss out on a good opportunity Big winning streaks. Buoyed up by recent wins, it is easy to spot new opportunities and get caught up in them. And it’s fine, because everyone else is doing it, right? Unfortunately, winning streaks don’t last forever Repetitive losses. Traders can end up in a vicious cycle: entering a position, getting scared, closing out, then re-entering another trade as anxiety and disappointment arise about not holding out. This can eventually lead to bigger losses News and rumours. Hearing a rumour circulating can heighten the feeling of being left out –traders might feel like they’re out of the loop Social media, especially financial Twitter (#FinTwit). The mix of social media and trading can be toxic when it looks like everyone is winning trades. It’s important not to take social media content at face value, and to take the time to research influencers and evaluate posts. We recommend using the FinTwit hashtag for inspiration, not as a definitive planning tool. As well as affecting traders on an individual level, FOMO can have a direct bearing upon the markets. Moving markets might be emotionally driven – traders look for opportunities and seek out entry points as they perceive a new trend to be forming. DAILYFX ANALYSTS SHARE THEIR FOMO EXPERIENCES Traders of all levels of experience have dealt with FOMO, including our DailyFX analysts: “Trade according to your strategy, not your feelings” – Peter Hanks, Junior Analyst “Strategize. Execute. Stick to the plan and don’t be greedy. All types of traders make money; pigs get slaughtered” – Christopher Vecchio, Senior Strategist “Trade decisions are not binary, long vs. short. Sometimes doing nothing is the best trade you can make” - IIya Spivak, Senior Currency Strategist “If you don’t deal with and temper FOMO in trading – it will deal with you” – James Stanley, Technical Strategist “No one trade should make or break you. With that said, if you miss an opportunity there is always another one around the corner” – Paul Robinson, Currency Strategist TIPS TO OVERCOME FOMO Overcoming FOMO begins with greater self-awareness, and understanding the importance of discipline and risk management in trading. While there is no simple solution to preventing emotions from impacting trades and stopping FOMO in its tracks, there are various techniques that can help traders make informed decisions and trade more effectively. Here are some tips and reminders to help manage the fear factor: There will always be another trade. Trading opportunities are like buses – another one will always come along. This might not be immediate, but the right opportunities are worth the wait. Everyone is in the same position. Recognising this is a breakthrough moment for many traders, making the FOMO less intense. Join a DailyFX webinar and share experiences with other traders – this can be a useful first step in understanding and improving trading psychology. Stick to a trading plan. Every trader should know their strategy, create a trading plan, then stick to it. This is the way to achieve long-term success Taking the emotion out of trading is key. Learn to put emotions aside – a trading plan will help with this, improving trading confidence. Traders should only ever use capital they can afford to lose. They can also use a stop to minimise losses if the market moves unexpectedly. Knowing the markets is essential. Traders should conduct their own analysis and use this to inform trades, taking all information on board to be aware of every possible outcome. FOMO isn’t easily forgotten, but it can be controlled. The right strategies and approaches ensure traders can rise above FOMO. Keeping a trading journal helps with planning. It’s no coincidence that the most successful traders use a journal, drawing on personal experience to help them plan. Overcoming FOMO doesn’t happen overnight; it’s an ongoing process. This article has provided a good starting point, highlighting the importance of trading psychology and managing emotions to prevent FOMO from affecting decisions when placing a trade. TURN YOUR FOMO INTO JOMO Now you know how to spot and stop FOMO in its tracks, find out how to embrace JOMO in trading and change your mindset for greater success. Source: DailyFX
OANDA:XAUUSDEducation
by Hsan_BenAhmed
2
Indecision is the enemy of success.The most successful traders have one thing in common: they know when to pull the trigger. They don’t hesitate. They don’t second-guess themselves. They make a decision and they stick to it. Indecision is the enemy of success. It’s what causes trading losses. If you can’t make a decision, you’ll never make any money in the markets. The trick is to not let indecision steal your opportunity. When you see a good trade setup, don’t hesitate. Take action and be confident in your decision. Remember, even if it turns out to be a wrong decision, it’s better than no decision at all. Follow Me For More 👉 @MarketsCoach
BITMEX:XBTEducation
by UnknownUnicorn33550147
Dealing with losses...before they happenLosses are part of this business. People do not react well to losses. Badly handled losses in trading can trigger bigger losses. Furthermore, these have the dangerous potential of wiping out entire accounts. If you want to make it as a trader you need to have a solid psychological approach to accept and handle losses. Lots of internet articles are suggesting that the way to prevent debilitating losses in trading is to follow risk management rules. What are those rules about? Basically, they are simple thresholds indicating the maximum $ /percentage you should risk per trade, day, month, etc. Having such rules is a must but it’s not enough. You can still lose much if your mind is not actually prepared to implement them. That’s why many traders set rules only to break them in the most inappropriate moments. People do not follow their own risk management rules because they are not psychologically prepared to accept losses. They are not prepared for the pain caused by a loss or a series of losses. The single most efficient way to handle losses is to accept them consciously and unconsciously. One of the most dangerous ways to react to losses is “revenge” or “on tilt” trading. This happens when the pain caused by a loss is so high that the trader loses his / her rationality and only wants his / her money back, disregarding most of the things he/she actually knows about the market. The brain cannot accept the emotional discomfort and the fastest solution is to quickly find a trade to make the money back. Most of the time, the quickest trade is in the same instrument (FX pair, stock, etc) that generated the initial loss, by averaging down/up or flipping. Some of the most experienced traders can work their way out but the vast majority will only make things worse. In order to prevent this kind of psychological slippage, you need to prepare your mind to consciously and unconsciously accept losses BEFORE they occur. With the help of a psychotherapist or by yourself you can perform visual exercises where you will imagine yourself being in a losing position and reacting the right way. This would desensitize you if done right. The technique I always use each time I open a position is to do that desensitization process “on the fly”. I watch the market and I see an opportunity. BEFORE opening the position, I imagine myself in the posture of facing that trade ending in a loss. After that, I imagine that trade going the way I want. I might even go back and forth (in my mind) a few times between losing and winning. This way, I prepare my unconscious mind. If I cannot imagine myself easily handling the loss (or the win) I will simply reduce size. Pay attention though, I am not recommending here to imagine yourself constantly losing because this would do more harm than good. This would be a separate topic about the power of visualization exercises.
OANDA:XAUUSDEducation
by Mihai_Iacob
12
TRADING - TRUTH VS LIE 📉📈 A financial background can be useful for understanding how forex and other markets work. However, more beneficial are skills in math, engineering and hard sciences, which better prepare traders for analyzing and acting on economic factors and chart patterns. It doesn’t matter how much awareness you have about financial markets – if you can’t process new data quickly, methodically and in a focused manner, those same markets you thought you knew so well can eat you alive. ANSWER: LIE EXPERT TIP: To prepare for trading, focus on developing analytical skills rather than boning up on financial knowledge. Trading is like running a business. In order to be successful, you need to learn from mistakes and have rules in place to help protect your capital. Like a business, it’s crucial to have appropriate strategies on hand for varying market conditions. Setting up a business is easy, and similarly, trading is easy too. Developing successful strategies and making money? That’s the hard part. ANSWER: TRUTH EXPERT TIP: It will seem easy if your early trades go well, but long-term profitability is a different matter altogether. Make your life easier by researching your trades, using the right position size, setting stops and keeping a handle on your emotions. Can you be successful with a small trading account? It depends on your definition of successful. An account needs to be large enough to accommodate proper risk parameters. But success is relative; a high rate of return is based on percentages and not on monetary amounts. For example, a 20% return is a 20% return regardless of the account size. However, if your 20% return isn’t worth enough in hard cash, it might be hard to incentivize yourself to improve as a trader. ANSWER: IT DEPENDS EXPERT TIP: Your account size will depend on your goals and your prior success. Naturally, experienced traders will have a larger account but to begin with, concentrate on that rate of return percentage. Bragging rights be damned: the number of trades you win is irrelevant. Profitable traders simply make more money than they lose. Say you win five trades and make $5,000, but lose one trade and lose $6,000 – you have won more trades than you have lost but are still down overall. Profitable traders will set rigid risk-reward parameters for a trade – for example they might risk $500 to make $1,000, a risk-reward ratio of 1:2. If a trader makes five trades using this method, loses three of them and wins two of them, the trader is still $500 in profit ($2,000 profit-$1,500 loss). Don’t be afraid of taking a few hits: if your process is sound, one big winning trade can reverse your fortunes. ANSWER: LIE EXPERT TIP: Many successful traders will be losing more trades than they win, but oftentimes it won’t bother them. Focus on getting the right setups rather than worrying about the ones that got away. How much time you spend trading, and monitoring trades, will depend on your trading style. Those employing a scalping strategy, for instance, will make a large number of transactions per day, entering and exiting many positions, and will need to pay close attention to their trades on the shortest timeframes. However, position traders won’t need to spend as much time monitoring, as their transactions may last weeks, months or even longer – meaning long-term analysis will account for short-term fluctuations. ANSWER: IT DEPENDS EXPERT TIP: Ask yourself what type of trader you are. Shorter timeframes will mean monitoring and analyzing constantly – being ‘always on’. If you favor a more relaxed approach you may be suited better for position trading. Some traders advocate a ‘mental stop loss’ when the market gets tough – that is, relying on oneself rather than a computer to set a level at which to exit a losing position. The problem is, a ‘mental stop loss’ is just a number that makes you worried about the money you’re losing. You may fret about the direction of the market - but you won’t necessarily be compelled to exit your trade. A fixed forex stop loss is completely different – if your stop loss price trades you are out of the position, no ifs or buts. Exercising proper money and risk management means setting solid stops. Period. Answer: TRUTH EXPERT TIP: It can be so easy to neglect your stop loss. When a trade is going your way, the dollar signs can blind you - but you should protect yourself against the market turning. Spreads may represent the primary cost of trading, but they aren’t the be-all-end-all when it comes to choosing your market. You may find an asset that has a wide spread but represents a strong opportunity due to its volatility. Similarly, you may find an asset with high liquidity and a tight spread, but that isn’t showing much trading potential. Above all, you should let your trading decisions be governed by setups presented by the market, not the size of the spread. Answer: LIE EXPERT TIP: The spread can represent a significant cost to traders – but don’t let it be the sole factor dictating your choice of asset. The economic analysis key to a fundamental approach helps give traders a broader view of the market. Sound knowledge of the underlying forces of the economy, industries and even individual companies can enable a trader to forecast future prices and developments. This is different to technical analysis, which helps to identify key price levels and historical patterns, and provides conviction for entering/exiting a trade. It’s true to say that expertise in economic analysis is important. However, so too is expertise in the technicals. Many successful traders will look to combine fundamental and technical analysis so as to be in a position to draw on as wide a range of data as possible. Answer: TRUTH EXPERT TIP: It may be worthwhile to devise a strategy accounting for the nuances of both technical and fundamental analysis. News can create big moves in the market, but that doesn’t mean trading the news leads to the biggest opportunities. For a start, the volatility of important news events often makes spreads wider, in turn increasing trading costs and hitting your bottom line. Slippage, or when you get filled at a different price than you intended, can also hit your profitability in volatile markets. On top of these drawbacks, traders could get locked out, making them helpless to correct a trade that moves against them. ANSWER: LIE EXPERT TIP: ‘Trading the news’ can seem like a fashionable thing to do, but market movements can be unpredictable at the time of major releases. It’s often best to steer clear during such high volatility. Excluding emotions from trading is an impossible endeavor. It can lead to more internal conflict than benefits, which is why managing emotions is a better way of looking at it. You have negative emotions like fear and greed that need to be managed without suppressing positive ones like conviction that help drive you towards the best opportunities. Answer: TRUTH EXPERT TIP: Even the most experienced traders feel emotion in the heat of the markets, but how they harness that emotion makes all the difference. Source: DailyFX
OANDA:XAUUSDEducation
by Hsan_BenAhmed
2
Big Money Fakeouts And Why S&P500 Is So Hard To TradeThis week my trading hasnt be succesful. I dont use trading as my main platform but i think it should be. When i trade ES with ninjatrader my winrate is so much worse when using tradingview. I think its because of my psycology and my tight stoploss on ninjatrade. When ever i trade with tradingview i feel chilled. Specially in S&P 500 the volalitety is so huge so i always got stopped out even tho the trade is eventually going to my direction. When trading breakouts i think it very important to have one high which is like overbought to see that the trend is over. You can see in the chart the price moves quickly up taking my stoploss and the going bearish. So peapol dont entry before this move. Like whatever you think is gonna happen the freaking opposite happens. Its literally a patter if the Markets open bullish the bigger move is usually bearish. So when ever you trade S&P 500 let the time do your job and let the trade breath.
CME_MINI:ES1!
by Patrickthe_trader
1
Trading Psychology: 4 Dangerous Emotions Traders Must AvoidWhen I was a naive, newbie trader, I didn’t pay much attention to my trading psychology. I was more focused on the technical chart patterns and trade setups. However, I soon found out the hard way that… Ignoring the psychology of trading was destroying my trading results. That’s when I began making a serious effort to master my personal trading psychology. I started reading trading psychology books, and even worked with a personal trading coach. I was definitely on the right path to mastering trading psychology, but wished I would have started learning sooner. That’s why NOW is the perfect time to start getting your trading psychology edge. But why is it important to understand stock market psychology? Understanding stock market psychology paves the way for your long-term trading success. That’s why this exclusive new mini-lesson of top trading psychology tips is just for you. How do you develop trading psychology? Some trading sites advise new stock and crypto traders to gain experience by paper trading with a simulated account. This can be helpful to learn the basics of trading, but it’s a much different ball game when real money is on the line. Your true emotions in trading will only be revealed when risking your own money with actual trades. Therefore, the best way to develop your trading psychology is simply by working your way through hundreds of live trades with real capital. Keep a basic journal and note when you feel the dangerous emotions below start creeping in. This is the only way to truly identify your personal strengths and weaknesses in trading psychology. 4 Most Dangerous Emotions to Avoid: Fear, Greed, Hope, and Regret Investing decisions in any market in the world are driven by 4 powerful emotions of Fear, Greed, Hope, and Regret. Left uncontrolled, these emotions can have a seriously negative impact on your trading account—but only if you let them. Your personal ability to master these key emotions directly determines your long-term trading success. So here’s a quick rundown of how fear, greed, hope, and regret can harm your trading results. Most importantly, I have also included actionable ways to avoid these emotions in your trading. FEAR – The most powerful human emotion that affects your trading Fear is a distressing emotion caused by a feeling of impending danger. This results in a survival response, regardless of whether the threat is real or imagined. Traders consistently report fear as the emotion they struggle with the most. Fear has even caused people to jump off buildings during market panics. FEAR is the reason markets typically fall much faster than they rise. It took the Dow Jones Industrial Average 24 years (1983 until 2007) to rally from 1,000 to 14,200…BUT it only took 2 years (2007-2009) to lose HALF of that multi-decade gain. Why? Uncontrolled fear rapidly leads to panic—which leads to poor decision making in the markets. When traders become driven by panic, they often sell their positions at any price. That’s why stocks frequently cliff dive when group fear starts kicking in. Fear can also rear its ugly head after you experience a string of losing trades. After suffering many losses, fear of “yet another loss” can make it mentally challenging to enter new swing trade setups. When paralyzed by fear, you miss out on profitable trading opportunities. If it’s a quality trade setup, then don’t let fear prevent you from buying (be careful not to confuse this with revenge trading). Remember that each trade you enter is completely independent of the previous trade. Therefore, losing money on a prior trade does not necessarily mean you will lose on the next trade. Fear is not always bad, as it can help keep losses small. For example, fear of a bigger loss can get you out of a bad trade you should no longer be in. If you immediately sell your stock or crypto when it hits your preset stop price, then the fear of a bigger loss protects you from major losses. When there is fear, steer clear! If the market is in a state of panic, don’t fight the downtrend. If you’re in doubt, get out! Don’t try to rationalize or come up with excuses to stay in losing positions beyond their stop prices. HINT: Ignore the news and internet forums to prevent lame rationalizations for staying in losing trades. When there is too much fear in the markets, our flagship swing trade alerts service simply shifts to cash until a new buy signal is received. This prevents fighting strong downtrends in unfavorable conditions. GREED – Too much greed decreases your trading profits Greed is an excessive desire for money and wealth, but is a natural human emotion. A healthy amount of greed can help drive your trading profits, but too much greed will have the opposite effect. How to know when it’s too much greed Greed is when you have already made a large profit on a trade, BUT are still obsessed with how much more you could have made if you stayed in the trade longer. The mistake with this reasoning is that all gains are not real until the position is closed. Until then, a winning trade is only a profit on paper. Greed can also cause traders to make bad trades by ignoring solid risk management rules, which signals a lack of discipline in your trading or investing. To keep greed at bay on a winning trade, sell partial share size to lock in profits, then trail a stop higher on the rest. Proactive trade management like this is why our exclusive Wagner Daily stock picks have been consistently profitable over the past 20 years. HOPE – A fake friend who will take your money (but only if you let it) Hope, a feeling of anticipation and desire for a certain event to happen, may be the most dangerous emotion for traders. If you are an active trader or investor, the feeling of “hope” in your day to day trading activities must be avoided at all costs. Why is hope so dangerous for traders? Hope may prevent you from immediately selling a losing trade that hits its stop price—which is the top rule with most trading strategies. When you blow a stop, you will usually wind up with a much bigger loss than you planned to risk. You may get lucky with a second chance to exit (especially in a forgiving bull market). However, this is definitely not a situation you want to be in. A weak stock typically continues much lower before bouncing, which is why you must always honor your stops. Otherwise, that’s when hope can really sneak up on you! Hope will convince you to just “hang in there a little longer” because: “Big news is coming soon” “This stock will surely rally after their next earnings report” (Insert your favorite bullshit excuse here) Meanwhile, while you’re busy hoping, the price plummets and has a catastrophic effect on your entire trading account. Rest assured, the market will eventually punish you by taking your money when you slip into “hope mode.” But the good news is that YOU alone can easily prevent this scenario from happening. Simply always set protective stops to pre-define your maximum risk per trade. Be rigidly disciplined to follow your trading plan, and hope will never become an issue in your trading. Plan your trades, and trade your plan. REGRET – Remember the next opportunity is always just around the corner Regret is defined as a feeling of sadness or disappointment over something that has happened—especially when it involves a loss or a missed opportunity. It is only natural for a stock trader to regret entering a losing trade or missing out on a winning trade. But to master your trading psychology, do not hyper-focus on losing trades or missed opportunities. If you lose money on a trade, then simply evaluate what went wrong, learn from it, and move on. Don’t waste time regretting your original decision to enter the trade. What’s done is done. Conversely, you may feel regret when you miss an opportunity. This is human nature. However, you must train your mind to simply move on to the next trading opportunity—which is always just around the corner. When you allow this type of regret to control you, it becomes too easy to “chase trades” with risky entry prices. If you chase, your risk/reward ratio of the setup no longer meets the parameters of healthy trade management. Let’s say you plan to buy $DUDE stock at a $60 buy trigger price, with a swing trade target around $70. If you buy it, you plan your initial stop at $55. This gives you a 1:2 risk/reward ratio (risking $5 to gain $10). $DUDE stock rallies, but you miss your original $60 buy and instead chase the price to an entry at $65. If you don’t significantly raise your initial stop, you now have a negative risk-reward (risking $10 to gain $5). In this case, your regret of missing the $60 entry caused you to chase it to $65 (next time, just wait for a pullback). Avoid feelings of regret to ensure the math of trading is always in your favor. We always target a bare minimum risk/reward ratio of 1:2 for swing trades in our stock and crypto swing trade alerts services. Successful traders keep their minds disciplined to avoid remorseful thinking. original source
NASDAQ:QQQEducation
by rp-mtg
Theory Of Visualization And Powerful Concept For Trader 🌆In today’s TradingView Post, I’m going to talk about the one Concept that Nobody Talk About and It Is Very Useful For Traders. You see, very often traders are bent on making trading a Right or Wrong endeavor. The moment they place their Trade, they do it with an expectation of Profit. Now, on this trade.  And that’s the Wrong Mental approach to have, that’s the Wrong mentality to adopt in this endeavor. Because the Market doesn’t work like that. To Trading requires clear rules about the actual trade execution as well as with regards to the mental condition. Both requires training which on the one side can be achieved through Screen Time And Focus however Visualisation one the other side represents an Effective Concept to further strengthen the own Abilities off the Screens. In This Post we Investigates the Concept of Visualisation and Try Make it to the Topic For Trader. ok let's go . * . * . * "THE THEORY OF VISUALISATION" Brain Studies provide a Strong Scientific basis for How and Why Visualisation works. In Some Neuropsychology Research reveal that Thoughts Create the Same Mental instructions as Actions. Mental Visualisation has an impact on many Cognitive Processes in the Brain Confirming the Brain is getting trained for the actual Physical performance during the Visualisation in other words We Stimulate the Brain activity through Visualising the same way as when Actually performing the Action. The Thalamus is the Responsible Part of Brain which serves this Unique role , ranging from relaying Sensory and Motor Signals , as well as regulation of Consciousness and alertness It makes no distinction between Inner and Outer realities, Therefore , any idea that is Visualised intensively enough will take on a semblance of reality in the brain - the actual belief becomes neurologically real and the brain responds accordingly. This effect has specifically been visible when people Meditated intensively on a specific goal over an extended period of time. The Brain begins relating to that Meditated idea as of it were reality . During the research, Neuroscientists discovered Two VERY FUNDAMENTAL Characteristics the Brain that Help Visualisation Work the way it does.. First : the Brain thinks in Pictures Second : the Brain cannot distinguish whether something is just Imagination or actually Experienced. ( And There are people who believe that pain and illness are not real. They usually also believe that the universe is essentially a figment of our imagination. How we got imagination without having a brain escapes me, but think “The Matrix” without an underlying reality .) Lets Back To The Topic... Just Remember this. Brain Think In a Image And Cannot Distinguish Whether is Real or Not.. THE BLUE-PRINT It was noticed that Visualisation creates Neural Pathways in the Brain which act as a Blueprint to be Followed in the actual Physical Performance concluding while Visualising the brain creates the same neural pathways as actually doing it. Psychologist Sian Leah Beilock of University of Chicago has done Research in this Area and considers Visualisation an important aspect for setting any goal since much the Unconscious Brain is build around a Visual Construction of the world. Many studies have confirmed that Visualising the performance actually improves the Execution in the Real World. Neural Connections are formed and the Strength of the Connections is directly proportional to the intensity of the Individual's Imagination feeling strengthens the Neural Connections. Famous Actor Arnold Schwarzenegger have confirmed to use Visualisation techniques to cultivate a sense of belief , build confidence and create momentum to realise their ultimate goals. " The more I focused in on this image and worked and grew, the more I saw it was real and possible for me to be like him .” - Arnold Schwarzenegger " It’s the same process I used in bodybuilding: What you do is create a vision of who you want to be — and then live that picture as if it were already true .” - Arnold Schwarzenegger TRANSFERRING THE CONCEPT TO TRADING Finally , transferring this concept to Trading , Screen Time can be extended to Visualisation Getting into a Meditative mode and Visualising your Trading Plan and Rules helps to better Internalise them getting a clear picture of what to look for. Additionally , different Trading Scenarios can be visualised like the Perfect Trade Including the location and setup, Reversal and Breakout situations. Also Scenarios where a Sense of Anxiousness is Experienced can be Recreated during the Visualisation to Train dealing with the Respective Emotions and be better prepared in live Situations. When a Concept is Visualised over and over , the Brain begins to respond as the concept was real the Respective Neural Connections are formed. Ideas for Visualisation can be taken directly from the recent experience or trade reviews for example providing a clear focus on what to visualise. As a result , those Concepts begin to feel more obtainable and Real Motivating other parts of the take intentional action the Physical World... CONCLUSION The Brain not know whether your Visualisisation is real or not and Try to Visualize Sweet and Bitter moments Over and Over in Trading to Create a Respective Neural Connection to build Confidence ,etc That will helping you in Trading.. END.. *Thank For Reading Guys no more words. Just Wishing you Profitable Weeks!! Regard Valerus Source: Bladerunner 2049 Movies Wallstreet Journal Uctrading
CRYPTOCAP:XRPEducation
by Zestiria
3
📈 Warren Buffett famous quotes 📈Warren Buffett famous quotes: “Time is the friend of the wonderful company, the enemy of the mediocre.” “Do not take yearly results too seriously. Instead, focus on four or five-year averages.” “I always knew I was going to be rich. I don’t think I ever doubted it for a minute.” “It is not necessary to do extraordinary things to get extraordinary results.” “One can best prepare themselves for the economic future by investing in your own education. If you study hard and learn at a young age, you will be in the best circumstances to secure your future.” “You know… you keep doing the same things and you keep getting the same result over and over again.” “I insist on a lot of time being spent, almost every day, to just sit and think. That is very uncommon in American business. I read and think. So I do more reading and thinking, and make less impulse decisions than most people in business.” “Someone’s sitting in the shade today because someone planted a tree a long time ago.” “Chains of habit are too light to be felt until they are too heavy to be broken.” 🚀 Follow profile for more! 🚀
SP:SPX
by InvestMate
3
FOOLS RALLY! $doge down!DOGE has had its peak! it will have a fools rally and then drop! I AGREE WITH BUY THE DIP; but buy the right dip! NO one wants expired CHIP DIP! The market cycle psychology chart tells me that this is entering to a fools rally next then a downtrend that is harsh! AFTER IT PLUMMETS to below 0.133USDT I will not be buying the dip! THE DIP IS IN THE 0.12-0.133 range . I will be gradually accumulating my position and keep in mind the coins that are tied to the trends, such as $ELON and $DC. $DC might be able to separate from this trend. BUT $ELON I don't think will run independently on its on momentum. DOGECHAIN will be interesting to see what hype is generated from releases on the chain. Its going to be a great year! 2023! Happy trading and don't get greedy or panic! *This is my personal thought and not financial advice! I am not endorsing cryptocurrency and there are risks with investing. Always do you own research! #DYOR* -Cryptonightowl
Short
by Cryptonightowl
If you lost deposit...COINBASE:BTCUSD Who is at fault? Let's start by acknowledging that we shall identify who is to blame for the irreversible. Who exactly is at fault for the money you lost? A market that is unprofitable? A market maker seeking increased compensation? A deceiver who desires to put everyone out of business? A signalman looking to overcharge for his signaled closed channel? Children who find it difficult to focus? Always a troublesome partner? No, you alone are at fault. You initiated the deal with your own two hands, which resulted in the destruction of everything. Nobody else compelled you to risk everything. Realizing this should cause you to cease blaming others for the results of your own behavior. It gets worse when you realize that your actions caused the money to be lost; it consumes you internally and prevents you from thinking clearly. You shouldn't worry, though, because life continues on. regain your composure. Errors are acceptable Each of us has the right to make errors because we are all human. Making mistakes is a necessary part of learning because otherwise, how would we know what is worthwhile and what is not? Just understand that mistakes are a necessary part of our journey and give yourself permission to make them. We learn from our failures and gain priceless experience that helps us reach higher heights. There are numerous examples of people who went completely bankrupt making a comeback among the Forbes list participants, using the priceless expertise they received as a result of their past errors to increase their earnings, accelerate their business growth, and improve as entrepreneurs. We all know all this famous success stories so the same is true with traders. How did Jesse Livermore come to be the subject of the memoir "Memoirs of a Stock Operator"? He completely lost all of his money and occasionally had to start again from nothing. He persisted and saw the setbacks as vital lessons that he could use to his advantage to eventually succeed. Work on your flaws Work diligently to correct your errors, consider your past, and determine what caused you to fail. What were you going through right when it all started? What feelings did you experience? What were you contemplating? What did they desire? You work Will you be able to make regular long-term gains with your current trading approach and mindset? Study technical analysis, system trading, money management techniques, trader psychology, and all that comes after if the answer is no. You can only succeed with system trading, restraint, and patience. Find someone whose primary source of money is trading, who is knowledgeable about the aforementioned, and trade with him if you don't have the willingness or time to do all of this and trading is your secondary source of revenue. However, when looking for someone like this, exercise extreme caution and thoroughly research his prior experiences. Are you plagued by the thought of wondering why, after earning a sizable sum for themselves, they didn't remove money from the market? Did you have any objectives or was money your main concern? Unless, of course, you are a fan of waste paper, money cannot be an end in itself; it can only be a means for achieving goals. It is not unexpected that you did not withdraw money if your aim was an illogical abstraction, such as a "abstract house," "abstract automobile," "abstract journey," and so forth. Change of direction You must express the objective clearly in order to succeed: The statement "I want to buy a good apartment" will not be effective, but the statement "I will purchase an apartment with panoramic windows in Paris, will be effective. If you don't know why you need money, trading will become for you a toy that rapidly becomes boring and destroys your life. But keep in mind that the objectives should be realistic and truly vital for you. This strategy will enable you to consistently take winnings from your trading account, set aside money for your objectives, and enhance the quality of your life. Enjoy yourself Don't go overboard a while frequently withdrawing money from a trading account. Make sure to spend at least a little money on your family and friends. You will thus be able to envision the outcome, feel inspired, and replenish your mental resources, which you can then use to make money. Put your affairs in order. You should bring yourself into balance after addressing the errors. Take care of your personal affairs, devote time to loved ones, your health, your children, pursue self-education, and relax in order to do this. Money and fresh ideas will undoubtedly come to you, and you'll discover a way out of the predicament. Life continues; it has not ended. You have a roof over your head, pleasant living conditions, food, water, good health, close friends, and many other things that you take for granted. Trust me, your life is someone's dream. Remember that many people do not have access to all of this, so be grateful for what you do have and enjoy life; everything else is just a minor annoyance. For your own benefit Due to the harsh circumstances, you will begin to see opportunities that you previously missed because of your comfortable lifestyle. However, your perspective will change totally as a result of these extreme circumstances. You now have experience, something most people do not. Your own success formula must include experience. He is the one who will keep you from making snap decisions and assist you in working through a challenging circumstance. "People become weak in good times. Poor people create poor times. People become resilient under tough times. Good times are made by strong individuals." The more challenging and challenging it is for you, the more probable it is that you will succeed if you manage. "A person wins internal victories during a tough time, and external victories during a prosperous time." Success, wealth, and acclaim will come to those who are diligently working on developing their character without giving in to hopelessness and despair. If you look around, you'll observe that most individuals behave in the exact opposite way during difficult times: Such people start to look for someone to blame for their difficulties when they become depressed, start drinking, and moan to everyone around them. This is due of their moral weakness, and they blame the government, presidents, officials, bankers, family, and friends. The victim's position entirely negates a person's advancement and ends his accomplishment. A person who is upset by fate criticizes more successful and strong people rather than making changes in his life and improving himself. ✅Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! * Look at my ideas about interesting altcoins in the related section down below ↓ * For more ideas please hit "Like" and "Follow"!
COINBASE:BTCUSDEducation
by Crypto4light
The Secret Of Emotional Control For TraderOf everything in existence, the human mind is definitely the most fascinating thing out there. It enables us to make plans, invent things, coordinate actions, analyze problems, learn from our experiences, share knowledge…. Not even mentioning how it’s able to do those things. The chair you’re probably sitting on, the roof over your head, the clothes on your body, your computer, phone—none of these things would exist but for the ingenuity of the human mind. The fact is, it gives us an enormous advantage as a species. It enables us to shape the environment around us and have them conform to our likings so that we can thrive even better. But not surprisingly, this unprecedented ability to control our environment gives us high expectations of control in other areas as well. THE ONE THING NOBODY TELLS YOU ABOUT EMOTIONAL CONTROL.. Now, in the material world, control strategies generally work well. If we don’t like something, we can usually figure out a way to avoid it, or even get rid of it altogether. -Inconvenient weather conditions? Well, you can’t get rid of that, but you can avoid them by hiding under a shelter. -A bear outside your door? You can chase it off by making loud noises, throwing spears or rocks at it; shooting it. As you see, pretty straightforward… BUT WHAT ABOUT OUR INTERNAL ENVIRONMENT? Some people don’t even suspect that there is an internal environment, to begin with. For them, the world is all about what’s on the outside. Thoughts, memories, emotions, urges, physical sensations, sometimes seem to have a life of their own. And we can’t we simply avoid or get rid of the ones we don’t like, just like we would in the outer world. A LITTLE EXPERIMENT I want you to try this: As you keep reading this paragraph, try not to think about a Yellow Elephant. Don’t think about the Color. Don’t think about how big or small the elephant is. And by all means, don’t even think about whether it’s the African type or the Asian one. Take a couple of seconds and do this… Now tell me… you couldn’t stop thinking about the elephant, could you? You certainly couldn’t stop it from appearing in your mind – that’s a thought right there. LET’S TRY SOMETHING ELSE … Recall something that happened to you. Any memory will do – let’s say a recent and particularly painful trading loss – and try to get rid of it for good. How’d you do? LAST ONE … Try not to think for at least 60 seconds. If you’ve done the experiment, you must get the point by now: thoughts and feelings are just not that easy to control. It’s not that you have absolutely no control over these things because the reality is that you do have a certain degree of control, but it’s just that you have much less control than you might think you do. Let’s face it, if those were that easy to control, wouldn’t we all just live in perpetual bliss? What’s more, wouldn’t we all be successful traders, banking money at every turn? Of course, there are a few self-help gurus who claim that it’s possible to live in such a state all the time. Such people often get really rich, their books sell by the million and they attract huge numbers of followers desperate for ‘ T H E answer’. I see that a lot in the trading world as well. Many are after T H E answer – which also has to be a quick and easy one. But that kind of answer doesn’t really work because it’s often not the right answer. My guess is that if you’re a reader of this blog, you have already gone down that path and been sadly disappointed. BUT THEN, WHY IS THIS MYTH OF EMOTIONAL CONTROL SO COMPELLING? Because the people around us seem happy. They seem to have their shit figured out. They seem to be in control of their thoughts and feelings, and of their destiny. But ‘seem’ is the keyword. The fact is that most people are not open and honest about the struggles they go through with their own thoughts and feelings. And especially not the “pro-traders” out there! They put on a brave face and keep a stiff upper lip. They’re akin to the proverbial clown with some bright face paints and chirpy antics, which we all we see, but deep down inside, they’re crying… OK, SO WHERE DOES THAT LEAVE US? So, at last, we come to the practical part of this post. Not being able to control your thoughts and emotions all the time isn’t a fatality. In fact, you can certainly reach your goals in trading and live a well balanced and perfectly happy life without exerting (or trying to exert) control over your thoughts and emotions. You’ll just need to get into the habit of practicing the Art of Non-Attachment . Let’s give it a try in a controlled setting: First, sit and comfortably and put aside a few minutes. Have some difficult and uncomfortable feelings to deal with. If you’re a Trader , I’m sure you must have that – a painful loss , something that’s currently a problem, something that worries, disturbs or stresses you. Once you’ve brought that to the forefront of your mind, focus on it and let the Uncomfortable feelings arise. At this point you must be saying ‘ What !’, ‘Is he crazy? I don’t want to feel that sh*t!’ Well, I don’t know anyone who likes to feel Discomfort . But the idea here is acceptance – being willing to feel “that sh*t” while making sure you’re just a witness and not a participator. Willingness simply means that you’re allowing it to arise as it is and not be entangled in judgments about how you don’t like it or how you’d like it to be. Why develop such Willingness ? Because throughout your life, Uncomfortable feelings will inevitably Arise. If you keep trying to avoid them, you’ll simply perpetuate the cycle of blind reactivity; you’ll create additional discomfort, and you won’t be maximizing your trading performance (and your life). By making room for your thoughts and feelings and willingly letting yourself feel them (even though you don’t want to), you’ll: -Change your relationship with them. -Discover their impersonal and impermanent nature. -Develop wise-discernment so that you can keep and entertain the ones that are helpful and let go of the ones that aren’t. In other words, The More We Turn Away From Our Demons (the harder we try not to look at them) the Bigger and Scarier they appear. Accepting Discomfort has only one purpose: to help you take your life forward in whichever direction you want . But now, enough of the talk… It’s time to practice, and I sincerely hope you will remember to put into application this simple exercise in non-attachment whenever needed... END Thank You Guys This Is Words From My Great Mentor 'Yvan'... I Hope You Enjoy This Post And Sorry For Not Uploading Like Weeks!! heck I'm Really Busy Irl And For Now I Wishyou Profitable Weeks!!! -Regard Valerus. SC: Bladerunner 2049 Drowning By GabrielGajdos Yvan
NASDAQ:AAPLEducation
by Zestiria
4
SHIB/USDT Main trend (part). Psychology in the market.The main trend (part). The timeframe is 3 days. I finished the missing part of the chart with a marker. Fractal structure. At the moment, the drain from the peak of the pampa is about -70%. From the exit of the downtrend, a sideways pattern (horizontal channel 55%) began to form. Which may become the second phase of the cup pattern (as before) in case this sideways zone is held. The base of the cup is 300%. Coin on the coin market: SHIBA INU (SHIB) Last time (2 pumps) the stick pulled in a price of about +300%, absorbed all sales and then pummeled a total of +1500%. Let me remind you, the very first pamp (1 pamp without liquidity, few people knew about the coin) was about +4000% Probably you understand that with the growth of price and liquidity of the instrument pamp significantly decreases in % ratio for obvious reasons. Orient yourself adequately, also remember the price is now even though it is holding in a channel, but it is still in significant profit. Take it into account in your trading strategy and risk management. [Trade according to the algorithms of your trading strategy, based on your experience and risk management, rather than emotional overreactions. Don't be a pixel of a controlled psycho-emotional market herd . Right now, the price from the average set price of the previous accumulation zone is about +250% (similar to how the accumulation you are running on the chart earlier was also after the plunge at a maximum of +250% after the first plunge). My past closed and public trade ideas on this coin (publications in the accumulation zone). Closed. Working in accumulation (position established due to trading in the channel). Mid-term work on SHIB/USDT Closed. First planned target on exit from accumulation. 0,00003501 SHIB/USDT Main Trend (part) Public. Fractal analysis with a DOGE clone Notice where the marker markup ends on the chart, to the right of the trading idea itself. SHIB/USDT 1 day - DOGE/USDT 1 week Fractal structures Trading is the ultimate psychology, understanding people's desires and, as a consequence, their future actions through numbers and charts without contact with the people themselves . Zone for local work now (channel formation). Timeframe 1 day. I would like to add that the accumulation zone itself, which forms a horizontal channel, can be as long as you want (as long as you need), also it is logical to assume that stops will “wave” from time to time. Also, remember that even though the coin is in a sideways trend, it is in significant profit, even now after the plunge in the secondary trend. You should not ask anyone where to buy/sell this or that crypto-asset. You should initially know for yourself under what conditions you will buy and under what conditions you will sell . And how do you look at this probability? Are you more comfortable with the first option, or something like that? Is the wedge better, or the bowl? You know, thoughts and wishes have a way of coming true, dream about it, maybe your option will come true too. But always know, the average market participant (over 90%) even knowing somehow what will happen with a high degree of probability, will want to earn a little more—will lose everything or the waiting time will “kill faith” (his dreams). After all, most market participants don't trade, they buy and “dream”. As a rule, they don't wait for their dreams to come true. It's worth noting that most buy crypto at a high price and by fiat, without their own understanding. This usually ends sadly. Such is the psychology of behavior. Bursts of human joy and depression are displayed on the chart by volatility, that is, your potential earnings. Attached beneath the idea are all my trading ideas on this miracle-yudo-monet almost from the beginning of its trading.
by SpartaBTC
19
Trading Psychology (Part 1)A philosophy I engage in when trading the markets - I am not self-employed as a trader. - The market is my boss and my trades are my employees. - I merely manage those employees. Traders often have to think fast and make quick decisions, darting in and out of positions on short notice. To accomplish this, you need a certain presence of mind. You need the discipline to stick with your own trading plans and know when to book profits and losses. Emotions simply can't get in the way. It’s NOT that winning traders formulate better trading strategies It’s NOT that winning traders are smarter It’s NOT that winning traders do better market analysis One personal characteristic that almost all winning traders share is that of self-confidence . Winning traders possess a firm, basic belief in their ability to BE winning traders.
OANDA:XAUUSDEducation
by JinDao_Tai
How you trade impacts how you feel 😀It's no secret that managing your trading psychology is the biggest challenge in your trading journey. Some say it counts for 80%+ of what's needed to be successful. I totally agree... However, there's a key factor in this for me. How you actually trade to start with! Correct trading psychology starts by realising you need a strategy. If you're guessing with no real plan or risk management surely you're going to be more stressed and overwhelmed than a trader who has a plan, has the data to support his strategy and manages his risk? So once you get your system/strategy nailed on, this in turn will help manage your fear. Greed is another factor, but this comes from your expectation. Expectations and reality need to be aligned with one another. Your expectations can come from your data and your testing. But if you've skipped this step you'll be chasing unrealistic expectations. Not just in terms of % gains, but in understanding your drawdown periods too. So in summary both are completely related. You give me a trader that's really struggling with his trading mindset and fear and within a month they won't be feeling the same way. Likewise, if give me a trader who is calm and in tune with his system and emotions, we'll quickly change this by getting him to trade randomly! No trading psychology means no trading strategy, No trading strategy means no trading psychology. These two elements are so intertwined. Thanks for looking at my idea. Darren 👍
Education
by pow_removetheguesswork
2
✍️WEEKLY QUOTE: EXECUTE DO NOT PREDICT✍️..Why would you break your money management rules by trading too large a position relative to your equity or emotional tolerance to sustain a loss, if you weren't positive that you had a sure thing? If you really believed in a random distribution between wins and losses, could you ever feel betrayed by the market? If you flipped a coin and guessed right, you wouldn't necessarily expect to be right on the next flip simply because you were right on the last. There is always a point at which the odds of success are greatly diminished in relation to the profit potential. At that point, it's not worth spending any more money to find out if the trade is going to work. If the market reaches that point, I know without any doubt, hesitation, or internal conflict that I will exit the trade. The loss doesn't create any emotional damage, because I don't interpret the experience negatively. To me, losses are simply the cost of doing business or the amount of money I need to spend to make myself available for the winning trades. If, on the other hand, the trade turns out to be a winner, in most cases I know for sure at what point I am going to take my profits. (If I don't know for sure, I certainly have a very good idea.) The best traders are in the "now moment" because there's no stress. There's no stress because there's nothing at risk other than the amount of money they are willing to spend on a trade. They are not trying to be right or trying to avoid being wrong; neither are they trying to prove anything. If and when the market tells them that their edges aren't working or that it's time to take profits, their minds do nothing to block this information. They completely accept what the market is offering them, and they wait for the next edge. As traders, we can't afford to indulge ourselves in any form of "I know what to expect from the market." We can "know" exactly what an edge looks, sounds, or feels like, and we can "know" exactly how much we need to risk to find out if that edge is going to work. We can "know" that we have a specific plan as to how we are going to take profits if a trade works. But that's it! If what we think we know starts expanding to what the market is going to do, we're in trouble. And all that's required to put us into a negatively charged, "I know what to expect from the market" state of mind is for any belief, memory, or attitude to cause us to interpret the up and down tics or any market information as anything but an opportunity to do something on our own behalf.
BITSTAMP:BTCUSD
by Yelli_trades
28
The Most Important Rule In Trading Psychology Trading psychology is a huge concept and it can be tricky. Many of us feel the basic fears but most of the time we just push them away and find some excuse to avoid the pain. So after i started to analyse my thinking trought trading i found out the biggest reason to my losing trades. Everytime before a losing trade I think I know how the trade is going to play. For example here I EXPECT that the bullish trend is going to continue thats why i took long on this base breakout. I have some entry rules to avoid fakeouts and to patient but when i EXPECTED it was going long i took my position too early without waiting my confirmation. Theres this one quote that might be familiar with you. "Dont predict the markets just react to it"
CME_MINI:ES1!
by Patrickthe_trader
4