WaveExpert

10 Most Common Psychological Trading Issues!

FX:GBPUSD   British Pound/U.S. Dollar
2461 35 101
a month ago
Here is a list of Psychological Issues which a trader face in trading world! If you are able to overcome these situation you will become a good trader!
a month ago
Comment: 1. Fear Of Being Stopped Out Or Fear Of Taking A Loss:
The usual reason for this is that the trader fears failure and feels like he or she cannot take another loss. The trader’s ego is at stake.


2. Getting Out Of Trades Too Early:
Relieving anxiety by closing a position. Fear of position reversing and then feeling let down. Need for instant gratification.


3. Wishing And Hoping:
Not wanting to take control or take responsibility for the trade. Inability to accept the present reality of the market place.


4. Adding On To A Losing Position (Doubling Down):
Not wanting to admit your trade is wrong. Hoping it will come back. Again, ego is at stake.


5. Anger After A Losing Trade:
The feeling of being a victim of the markets. Unrealistic expectations. Caring too much about a specific trade. Tying your self-worth to your success in the markets. Needing approval from the markets.
a month ago
Comment: 6. Trading Too Much:
Need to conquer the market. Greed. Trying to get even with the market for a previous loss, which lead towards bigger loss.

7. Not Following Your Proven Trading System:
You don’t believe it really works. You did not test it well. It does not match your personality. You want more excitement in your trading. You don’t trust your own ability to choose a successful system.

8. Not Trading The Correct Position Size:
Dreaming the trade will be only profitable. Not fully recognizing the risk and not understanding the importance of money management. Refusing to take responsibility for managing your risk.


9. Trading With Money You Cannot Afford To Lose Or Trading With Borrowed Money. Last hope at success. Trying to be successful at something. Fear of losing your chance at opportunity. No discipline. Greed. Desperation.

10. Over Thinking The Trade, Second Guessing Your Trading Signals:
Fear of loss or being wrong. Wanting a sure thing where sure things don’t exist. Not understanding that loss is a part of trading and the outcome of each trade is unknown. Not accepting there is risk in trading. Not accepting the unknown.
a month ago
Comment: Note: There are some rules & things which can help you to overcome these situations! if you people ask I will post that too!

Anyways,
Goodluck.
Teach Forex Trading. PM me if you want to learn trading or want to join learning & training course!
StanLeee PRO
a month ago
Thank you very much! I <3 it!
+1 Reply
WaveExpert StanLeee
a month ago
You're welcome!
+2 Reply
Michelok PRO
a month ago
and dont trade > 1% of your trading account per trade to stay alive :)
+5 Reply
WaveExpert Michelok
a month ago
Thumbs up!!
+4 Reply
Michelok PRO WaveExpert
a month ago
:)
+1 Reply
waterman
a month ago
You have given the puzzle but not the solution. According to me one solution is trade only once in a month. That also by daily and weekly charts.( But unfortunately even I cannot be disciplined to my own rule !.That is the magic of trading !! )
+2 Reply
WaveExpert waterman
a month ago
Some people can't wait that long & some do! Some people can't afford to trade Daily Weekly charts due to some reasons! So Every trader has its own mind of trading.
+2 Reply
GodwinAkpotu
a month ago
Thanks
+1 Reply
WaveExpert GodwinAkpotu
a month ago
Welcome!
+2 Reply
ForexHunter007
a month ago
Thank you so much!
Reply
WaveExpert ForexHunter007
a month ago
welcome
+1 Reply
"The point is, ladies and gentleman, that greed, for lack of a better word, is good. Greed is right, greed works. Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. Greed, in all of its forms; greed for life, for money, for love, knowledge has marked the upward surge of mankind" --Gordon Gekko
+2 Reply
WaveExpert Wave-Expert
a month ago
Gordon Gekko might have some reasons behind his observations!
+2 Reply
Calamity
a month ago
What if im angry about my daily life .im angry about the ppl i know. im angry about my girlfriend. please explain
+1 Reply
WaveExpert Calamity
a month ago
Then you should cool yourself down and then think of trade!
+2 Reply
Calamity WaveExpert
a month ago
but what if those ppl do not let me cool down , they keep hit me
Reply
goraj21
a month ago
Thanks a lot...
pls post the rules also to overcome such situation...
+3 Reply
WaveExpert goraj21
a month ago
Sure I will try to post that soon!
+1 Reply
TweetFx
a month ago
Thanks for pointing out!
+1 Reply
WaveExpert TweetFx
a month ago
:)
+1 Reply
ForexHunter007
a month ago
Nice Work as Always!
Reply
WaveExpert ForexHunter007
a month ago
Thanks
+1 Reply
sudesh PRO
a month ago
Can you share your rules?
+1 Reply
WaveExpert sudesh
a month ago
Sure! I will post that soon!
+1 Reply
AhmedKhattab
a month ago
Thank you.
I am waiting for the RULES ;)
+1 Reply
WaveExpert AhmedKhattab
a month ago
Sure! :)
+2 Reply
Goldmouse22
a month ago
needed this! thank you!
+1 Reply
WaveExpert Goldmouse22
a month ago
:)
+1 Reply
esgreen
a month ago
Thank you Sir
Reply
WaveExpert esgreen
a month ago
Welcome
+1 Reply
TheBanker PRO
a month ago
these 'buzzfeed' posts are taking credibility away from tradingview
Reply
Thank you so much!!
Reply
WaveExpert guti142008
a month ago
You're welcome!
+1 Reply
Schnauzel
a month ago
I have been a broker for most of the eighties, and I can only agree with your post.
happy trading
+1 Reply
WaveExpert Schnauzel
24 days ago
Glad to hear that! Happy trading!
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out