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Trading Psychology: Inside the Mind of a Successful Trader
Psychology is one of the basic components of technical analysis along with mathematics and geometry. Psychology is a subject that best helps us understand human nature and emotions. It helps us to know why people feel, think and act the way they do. One of the main reason why technical analysis works is that human nature and emotions remain the same irrespective of era one is in. People were greedy and fearful even a hundred years back as much as they are now.
Trading psychology is as important as other attributes such as knowledge, experience and skill in determining trading success. While trading emotions often clouds our decision-making. And it is very difficult to conquer our inherent emotional biases. But we can understand the range of emotions we may experience as a trader and how it affects our interaction with the stock markets. Greed, fear, hope, euphoria, panic among others are the range of emotional biases that every trader comes across while trading. To be successful trader we need to keep these emotions in check.
At Profit Hunter, we educate are our readers about such emotional biases and help them conquer these emotions to become a successful trader.
'Dangal' Is a Must Watch for All TradersSeven Trading lessons from the movie Dangal... Read More | The Gambler's FallacyMany trades fall prey to the gambler's fallacy. This leads them to take undue risk and hold onto losing trades too long... Read More |
How to Measure Your Trading Performance?Apurva Sheth talks about self-attribution bias and ways to measure trading performance... Read More | Dekha...Maine Bola Tha NaApurva Sheth shares talks about the hindsight bias... Read More |
Inside the Mind of a Successful TraderA successful trader's mindset is to focus on what he can control, and let go of what he can't. This means focusing on trading strategy, and not worrying about what the market does afterwards... Read More | Are You Stuck in an Ugly Trade?Apurva Sheth discusses how people get stuck in bad trades and explains how to get out of one... Read More |
Humility: The Key to Trading SuccessApurva Sheth talks about humility - the key to trading success... Read More | Trade Like Sachin TendulkarApurva Sheth discusses the importance of patience while trading... Read More |
When to Take a Trading BreakAsad Dossani discusses when you should take a break from trading. When times are tough, a step back is a step in the right direction... Read More | 6 Steps to Rebuild Emotional CapitalApurva Sheth discusses 6 steps to rebuild emotional capital... Read More |
4 Trading FearsApurva Sheth discusses 4 trading fears that traders come across daily... Read More | Trading: Skill or LuckApurva Sheth discusses the role of skill and luck in trading... Read More |
Never Deviate from your Trading SystemAsad Dossani discusses why you should never deviate from your trading system... Read More | Never Lose your WicketAsad Dossani discusses how trading is a lot like cricket. A successful trader follows the same principles that a successful batsmen practices... Read More |
Don't be a GamblerAsad Dossani discusses the difference between gambling and trading. While they share many similarities, good traders have an edge while gamblers do not. Unfortunately, many traders behave like gamblers, and end up losing money as a result... Read More | My Worst TradeAsad Dossani discusses his worst trade. This trade started out well, but ended up making huge losses. Despite these losses, the trade turned out to be a powerful learning experience. And it the end, Asad is very grateful that it occurred... Read More |
Trading NightmaresAsad Dossani discusses an experience that helped him control his emotions while trading. It takes years of hard work, but over time you can reduce your emotional reaction to trading losses. This improves your performance and reduces the stress you often experience as a trader... Read More | Get Comfortable with Taking RiskAsad Dossani discusses how to get comfortable with taking risk. First, you should only risk what you can easily afford to lose. Second, you should view risk as an opportunity to earn rewards, rather than something to avoid... Read More |
Don't let Markets Keep You up at NightAsad Dossani discusses how to prevent markets from keeping you up at night. The best advice to a swing trader is to check markets no more than twice per day. Once at the end of the day for planning your next trades; and another time when markets open to place your trade... Read More | Why Most New Traders Lose MoneyIn this First Edition of the Profit Hunter, Asad Dossani, using his own personal experience, explains why most new traders lose money in the market. He also reveals the biggest and the most important secret behind picking out profitable trades... Read More |
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