Trading Psychology for Beginners | Trading Psychology Episode 1 | Technical Analysis in Hindi
What is Trading Psychology for Beginners | Trading Psychology Episode 1
Chapters –
00:00 Introduction of Trading Psychology
02:08 What is Trading Psychology
04:58 Experiment of Trading Psychology
07:38 Trading Psychology Importance in Trading
10:12 Trading Psychology Questions
12:11 Developing Fearless Attitude
15:02 Why Important to Learn Trading Psychology
17:29 Trader Mindset
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Trading Psychology
Trading psychology refers to the emotions and mental state that help dictate success or failure in trading securities. Trading psychology represents various aspects of an individual’s character and behaviors that influence their trading actions. Trading psychology can be as important as other attributes such as knowledge, experience, and skill in determining trading success.
Discipline and risk-taking are two of the most critical aspects of trading psychology since a trader’s implementation of these aspects is critical to the success of his or her trading plan. Fear and greed are commonly associated with trading psychology, while things like hope and regret also play roles in trading behavior.
For a trader to be successful many characteristics and skills like good understanding of fundamental and technical analysis are a requisite. However, one skill that many traders overlook is the emotional skill, which is as important if not more while trading. Emotional and mental discipline is one of the key parameters that separate the professionals from the average traders.
Understanding Trading Psychology
Trading psychology can be associated with a few specific emotions and behaviors that are often catalysts for market trading. Conventional characterizations of emotionally-driven behavior in markets ascribe most emotional trading to either greed or fear.
Greed can be thought of as an excessive desire for wealth, so excessive that it clouds rationality and judgment at times. Thus, this characterization of the greed-inspired investor or irrational trading assumes that the greed emotion can lead traders towards a variety of suboptimal behaviors. This may include making high-risk trades, buying shares of an untested company or technology just because it is going up in price rapidly, or buying shares without researching the underlying investment.
Additionally, greed may inspire investors to stay in profitable trades longer than is advisable in an effort to squeeze out extra profits or to take on large speculative positions. Greed is most apparent in the final phase of bull markets when speculation runs rampant and investors throw caution to the wind.
Conversely, fear causes traders to close out positions prematurely or to refrain from taking on risk because of concern about large losses. Fear is palpable during bear markets, and it is a potent emotion that can cause traders and investors to act irrationally in their haste to exit the market. Fear often morphs into panic, which generally causes significant selloffs in the market from panic selling.
Regret may cause a trader to get into a trade after initially missing out on it because the stock moved too fast. This is a violation of trading discipline and often results in direct losses from security prices that are falling from peak highs.
1. How was your mental state when you lost
2.Whatever you do, you will end up at a loss
3. By putting stop loss or taking the opinion of others, you will always lose
4. you do not digest profit. small profit good profit
5. You are not able to identify the trend difficult in the market.
6. You feel angry, sad, happy or cheated on after trading
7. You have to take the advice of others to take your decision.
8. The market has any personal enmity with you
Whenever you buy a stock, the market starts going down.
Whenever you sell a stock, the market starts going up.
9. Markets are like a free bull, which can go in any direction at any time, which is impossible to predict.
10. Took a trade out of anger, joy or enthusiasm
11. Entire account is lost. if yes. so what was your first reaction after that
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Technical Analysis in Hindi
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Through this channel you can successfully chart the analysis.
It can also determine when the trend will be established and the trend will be reversal.