How to improve our psychology control in trading? - Page 4
Page 4 of 34 FirstFirst 1234567814 ... LastLast
Results 31 to 40 of 333

Thread: How to improve our psychology control in trading?

  1. #1
    Registered user
    Join Date
    Sep 2013
    Posts
    2,890
    Thumbs Up
    Received: 34
    Given: 0

    How to improve our psychology control in trading?

    Expert traders need to control psychology in trading, but the question is how to train our psychology so we can trade not only following emotion. I think almost all traders have known the theory about psychology control but in reality, it is not easy to control it well especially when condition of market is different with our expectation as our first analysis. So what do you think about improving our psychology control? How to do it and how to know that our psychology has been improved? Feel free to express your opinion here.

    Not allowed!

  2. #31
    Banned
    Join Date
    Jul 2014
    Posts
    9,665
    Thumbs Up
    Received: 126
    Given: 104
    Quote Originally Posted by ngalapreceh View Post
    the important point is to ensure that you under control of your time, psychology and money. Since many trader cant control that 3 things and start to blaming on the forex. There is a lot of experience trader really know how to combine this 3 things so they can survive in the forex market.
    [lang=id]i guess you have forgot with one thing, traders need to understand with their trading system till how to analyze the market with well, because although the traders keep tight money management but get the problems with making analysis and can not put the order on the track, so they will get the problem with psychologies too[/lang]

    Not allowed!

  3. #32
    Trader
    Join Date
    Dec 2014
    Posts
    1,049
    Thumbs Up
    Received: 3
    Given: 0
    [lang=ar]of course we are in a ver need to know our nature , our responses , our reactions when we makes profits as well as when we get any losses . so the understanding of our psychology is very important . of course all of us know ell that we have different features which belong to every individual of us should be taken into mind to not to imitate each any of the others[/lang]

    Not allowed!

  4. #33
    Registered user
    Join Date
    Sep 2013
    Posts
    2,890
    Thumbs Up
    Received: 34
    Given: 0
    Quote Originally Posted by samprazaan View Post
    [lang=id]i guess you have forgot with one thing, traders need to understand with their trading system till how to analyze the market with well, because although the traders keep tight money management but get the problems with making analysis and can not put the order on the track, so they will get the problem with psychologies too[/lang]
    Yes, good strategy will need to be supported with good money management and vice versa, good money management will be useless if there is no good strategy. Good strategy without good money management can make you loss much in single transaction, but good money management without good strategy is not effective too because you will suffer many times and it is only slowing down your time to face Margin Call only.

    Not allowed!

  5. #34
    Trader lawners1791's Avatar
    Join Date
    Dec 2013
    Location
    Lawners Makesup
    Posts
    11,924
    Thumbs Up
    Received: 79
    Given: 19
    to work with the good plan as those had with the sets on rules on running of the strategy with the limit on numbers with the level on spends and target to manage with the sequence of the trading terms. as to avoid of the worse with the higher chance on losing to stay with the good survivals.

    Not allowed!

  6. #35
    Registered user
    Join Date
    Sep 2013
    Posts
    2,890
    Thumbs Up
    Received: 34
    Given: 0
    Quote Originally Posted by lawners1791 View Post
    to work with the good plan as those had with the sets on rules on running of the strategy with the limit on numbers with the level on spends and target to manage with the sequence of the trading terms. as to avoid of the worse with the higher chance on losing to stay with the good survivals.
    I am agree with you. It is important to have good trading plan because good trading plan will prevent big losses in single transaction. It is easier to control emotion when there is good trading plan to follow. It will be different condition when we are trading in different condition of market. The pressure will be different when we are trading with different pair and different money management so it is important to prepare proper trading plan with current strategy and current condition of market.

    Not allowed!

  7. #36
    Trader
    Join Date
    Feb 2013
    Posts
    5,980
    Thumbs Up
    Received: 120
    Given: 69
    Quote Originally Posted by andry777 View Post
    It is important to have good trading plan because good trading plan will prevent big losses in single transaction. It is easier to control emotion when there is good trading plan to follow.
    If all is being obey strictly to the rule, why trader should be worry and emotional thinking about money and get loss? Obey the rule of the trading system and trading plan, make trader act based on the plan. Trader who act based on the plan is do not want to follow their emotion to do trading. Trading is being usual to act in discipline.

    Not allowed!

  8. #37
    Registered user
    Join Date
    Sep 2013
    Posts
    2,890
    Thumbs Up
    Received: 34
    Given: 0
    Quote Originally Posted by aris90 View Post
    If all is being obey strictly to the rule, why trader should be worry and emotional thinking about money and get loss? Obey the rule of the trading system and trading plan, make trader act based on the plan. Trader who act based on the plan is do not want to follow their emotion to do trading. Trading is being usual to act in discipline.
    Yes, discipline to follow the rule is the key to control emotion in trading. In theory, all traders have known about it but in reality, it is not easy to follow the rule especially if condition of market seems like different with our analysis. There are many factors which can cause traders to break the rule, sometimes breaking the rule can give you profits so it can lower down your confidence to your own trading plan.

    Not allowed!

  9. #38
    Banned
    Join Date
    Sep 2013
    Posts
    26,777
    Thumbs Up
    Received: 290
    Given: 50
    Quote Originally Posted by aris90 View Post
    If all is being obey strictly to the rule, why trader should be worry and emotional thinking about money and get loss? Obey the rule of the trading system and trading plan, make trader act based on the plan. Trader who act based on the plan is do not want to follow their emotion to do trading. Trading is being usual to act in discipline.
    Sir, to control emotion is not same as controlling the psychology of trading. To even control the emotion is easier than the later. One thing that is sure is how the trader obeys trading to letter. It will start form what you want, how you fix it to be done, and how you are controlling and correcting yourself over the time.

    Not allowed!

  10. #39
    Trader
    Join Date
    Sep 2013
    Posts
    6,431
    Thumbs Up
    Received: 72
    Given: 21
    Quote Originally Posted by cozard007 View Post
    Sir, to control emotion is not same as controlling the psychology of trading. To even control the emotion is easier than the later. One thing that is sure is how the trader obeys trading to letter. It will start form what you want, how you fix it to be done, and how you are controlling and correcting yourself over the time.
    psychological factors have contributed substantially in this business so you should consider before opening your psychic condition because it could be the position you are experiencing a failure in determining the attitude.for traders to be successful he must have a total understanding of the market and have a good trading strategy too.

    Not allowed!

  11. #40
    Banned
    Join Date
    Jul 2014
    Posts
    9,665
    Thumbs Up
    Received: 126
    Given: 104
    Quote Originally Posted by andry777 View Post
    Yes, good strategy will need to be supported with good money management and vice versa, good money management will be useless if there is no good strategy. Good strategy without good money management can make you loss much in single transaction, but good money management without good strategy is not effective too because you will suffer many times and it is only slowing down your time to face Margin Call only.
    [lang=id]so we have the same opinions about it, thank you very much,
    and we can see that both of them are in one package, we can not split them or just use one of them , they have strong connection that is needed by traders to follow and keep good, some of us got failing because low money management and some of us got failing too because low trading system , then now, we need to use both of them as a must , and also one thing, emotion controlling,[/lang]

    Not allowed!

Page 4 of 34 FirstFirst 1234567814 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •