Patrekt
Registered Member
- Oct 16, 2022
- 68
- 21
I completely agree with what u say.Well... it is not really as you say)
In the morning when you wake up and open a position with "take profit" and a "stop loss" you can go to work and later you will see if it was a loss or win... why do you need a special mindset? Even after doing yoga, you cannot predict the future. This is why I say that the mindset doesn't matter. Whenever you create an account on a broker, you will see a notification like: "80% percent of the users from this platform are losing money", so you know from the beginning that there are huge chances of losing the money in the long term, no matter if you are relaxed or with a special mindset. The mindset is nothing in trading, you just need to be patient to allow the market to go up or down but the bigger your capital is, the better you can manage a losing position and in the worst case you can DCA until to break even or a very small loss,, but if you have no money you will take the loss.
But psychology affects your entry point. u can easily lose a good entry point if u have fear and greed.
Fear, Greed, Anger, lack of patience,... They all can lead to Over-Trading, Revenge-Trading, Opening a trade without confirmation, and other things...
In most cases, people struggle with these things.
If you haven't run into any problems associated with psychology, Good Job! you are probably performing better than most of the traders.
We're here to share our experiences. In trading, I had the most problems with Trading Psychology. So I decided to share this information so it would help other people.