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Trading Psychology

/Trading Psychology

#13 cognitive behavioral biases that are secretly killing your trading

Say what you may, read what you may, we are always biased -- in political, personal and professional lives. Our choices favor one over the other without any rationale. But, these biased decisions tend to end up in our ‘regret-list', more often than not. As a trader, you process numerous decisions in seconds -- whether to go long, short or merely pass the trade. These trading decisions are susceptible to polarization as well, as the cognitive behavioral biases influence it. Analogy You have a viewpoint to go short on a stock for the short-term, after thorough analysis, but a [...]

#13 cognitive behavioral biases that are secretly killing your trading2019-07-05T13:40:52+04:00

FOMO: Is it pulling your trading performance down?

With all the number of trades at your disposal and your endless desire to make money, can you say NO to a few trades? Can you, really? What if that one trade you turn down turns out to be the trade of the year. It is this feeling that lures you into many trades without much deliberation and is commonly known as Fear of Missing Out aka FOMO. There are many forms of FOMO, and anyone form influences almost every trade you make. FOMO: An analogy You know technical analysis inside out. You know that you should wait for [...]

FOMO: Is it pulling your trading performance down?2019-05-11T09:52:23+04:00

Trading Psychology: Play to your strengths. But how?

The world of internet is flooded with trading materials. Strategies, news, rumors, trading psychology and mind hacks - you name it, the internet gives it. Yet, only 5-10% of retail traders cross the finishing line. Why? Are the sources at fault or is it the traders? It is not either’s fault; instead, it is a misunderstanding. The blogs, books and success stories are factually correct. The writers have put down what worked out for them. Not what is going to work for you. In fact, they found out theirs after gruesome trials and hard works. You can learn from [...]

Trading Psychology: Play to your strengths. But how?2019-04-11T10:53:21+04:00

#9 Insane Trading Myths that let you loose grip of the reality

Want to make a lie seem like the truth? Say it, again and again. Not only it seems like truth, but it evolves into a myth. Its the case with trading myths as well. A trader is on his own when it comes to learning. He/she surfs across the web and educates oneself. Every mind conceives an idea uniquely - sometimes correct, other times wrong. However, more often than not, misconceptions are the ones that stay longer in the hearts of a trader and reverberate to become a ‘forex trading myth’. Traders who understand the myths sooner than later are [...]

#9 Insane Trading Myths that let you loose grip of the reality2019-04-11T10:52:58+04:00