There is a lot of talk about trading in our country. Some think trading is gambling and for others it is a business. Trading is not as easy as it seems. They come to make a lot of money trading in the stock market but end up losing all their money. In fact, everyone does technical analysis and makes strategies but doesn’t know that there is anything called trading psychology. Do you know one thing? No matter how much technical analysis you do in trading, it depends on 20% of your trading journey. The remaining 80% depends on the psychology of trading.
What is Trading Psychology ?
The psychology of a trader is how a trader can explain his mind or control his mind according to his strategy after taking a trade.
Is trading strategy not the same as trading psychology
I’m telling you the truth, trading psychology is involved in the stage, if you’ve been following the stage for years. If you are trading with strategy but not following, you have separated strategy and trading psychology. And the consequences can be disastrous.
Let me expand on strategy+trading psychology with a simple example
Imagine you are going to a place, there are two roads to go, one road you know well and the other you don’t. Now tell me which road you will take? Definitely go on the road you know. Think carefully about why? Now you say I know so I’ll go, risk free. In fact, your brain says I have the data of that road, there are many data saved before that road and I recognize every step. In short, there is a reason for it to go on the road, there is no reason for it. This is the strategy. So you almost go that way whenever you have to.If you are going the other way whenever-then you are not following trading psychology. This can put you in big danger. But it is also true that you cannot say that you are 100% safe on any road. No one can tell you where what happens. You also know that. However, knowing a road well reduces the risk. If you go that route, you are following strategy as well as trading psychology. I mean, you’re not gambling, you’re doing business.
How to follow trading(trading psychology) very easily
You have created a trading strategy. You don’t have to do anything, take it easy. One thing, don’t make the mistake of making the stage and not messing it up. Watch someone’s news, listen to escparts and don’t listen to anyone at all. Stay with your strategy. Whatever it is. When you trade, exclude the profit, think about the S-L that the loss will happen and I am ready for it. All the rules of strategy like -how many maximum trades to take in a day, how much to close the stock market at a loss, not to take over trades at a loss etc.
I am saying this from my own experience. You will definitely benefit if you follow this whole thing carefully.This is trading psychology which is a very important part in the stock market. This is what many people trade with impulse which can be terrible.
Trading Psychology 