#StrategyBTCPurchase "Trading psychology is a crucial aspect of successful trading.
By understanding and managing your trading psychology, you can make more informed decisions and improve your overall trading performance.
"Here are some key concepts:
1 : Confirmation Bias
To avoid think against narrative
2 :Recency bias
Avoid making decisions based on accidents or recent events
3: Revenge trading
don't trade to recover loss
4 :Patience
Don't rush into the trade wait for high probability setups
5 :Emotions
Don't get carried away in any trade , keep emotions in check during trading.
6 : Over Confidence
Over Confidence may lead to false assessment , Be aware of overestimating your abilities.
7 :Illogical Hope
Illogical Hope loss in trading
8 : Limited Risk
Don't Avoid Risk Management, set clear stop-losses. Set position sizing.
These psychological aspects can improve your trading discipline and decision making.$BTC