In trading, one of the things that are most frequently overlooked is the psychological aspect. Most traders trying to find the right system for days, months, even years. Lo has the right system is just part of the overall trading process. Don't get me wrong, having a perfect system to suit the trader is indeed very important, but has a money management plan, or understand all the psychological barriers that can affect the decisions of traders and other issues are no less important. To achieve success in this business, there should be a balance between all aspects of the matter.
In trading, when you lose or lose out, what's the first thought that pops up? Can you say, "there must be something wrong with my system", or "I know, I should not come into this trading" (even though your system gives a signal). But sometimes we need to dig a little deeper to see the core of our mistakes and then fix it.
In the trade environment, when a loss, what first pops up in your mind? You could have just said: "there must be something wrong with my system", or "I know, I shouldn't have taken this trade" but sometimes we need to dig a little deeper to see the nature of our mistakes, and then fix it.
Common mistakes in trading
Most of us relate to errors in trading with margin (money spent). Surely not the case. The error occurs because the guidelines and regulations in trading is not adhered to. The following are some examples of the screenplay:
In trading, when you lose or lose out, what's the first thought that pops up? Can you say, "there must be something wrong with my system", or "I know, I should not come into this trading" (even though your system gives a signal). But sometimes we need to dig a little deeper to see the core of our mistakes and then fix it.
In the trade environment, when a loss, what first pops up in your mind? You could have just said: "there must be something wrong with my system", or "I know, I shouldn't have taken this trade" but sometimes we need to dig a little deeper to see the nature of our mistakes, and then fix it.
Common mistakes in trading
Most of us relate to errors in trading with margin (money spent). Surely not the case. The error occurs because the guidelines and regulations in trading is not adhered to. The following are some examples of the screenplay:
- Tradinglah when getting a Signal then your trading will benefit. Trading results: Positive because it gets the money. Experience gained: entering the system will take advantage of consistent, if I don't then I will lose. Mistakes were made: No.
- Follow the Signal while trading but you get losses trading results: negative, lose money. Experience gained: not possible can always win or profit in any trading, lost or loss is part of the business. We realize that the system is not perfect. Even in this loss, traders feel proud of himself because it is still followed. He gained confidence. Mistakes were made: No.
- Do not follow the Signal while trading but profit. Trading results: neutral. Experience gained: frustration, traders often take an adverse trading and skip the lucrative trading. He lost his confidence. Mistakes were made: don't follow the trading system via the signal indicated.
- Do not follow the Signal time trading and get the loss. Trading results: neutral. Experience gained: traders will start thinking "Hey, keputusanku better than the system". Unwittingly, he will rationalize any signal given by the system due to deep in the depths of his heart, he felt he was smarter than the system. Starting from here, he will try to get out of the system. These errors make us do not trust the system. The trader turned out to be too confident. Mistakes were made: don't follow the trading system via the signal indicated.
Posted by Unknown on Wednesday, February 4, 2015 - Rating: 4.5
Title : The Psychology Of Trading: A General Error Occurred
Description : In trading, one of the things that are most frequently overlooked is the psychological aspect. Most traders trying to find the right system ...
Description : In trading, one of the things that are most frequently overlooked is the psychological aspect. Most traders trying to find the right system ...
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