#لماذا_يهم #علم_النفس #In_Trading
Even with a perfect strategy, you may be defeated by your emotions!
-Fear: It drives you to close trades early or miss profitable opportunities.
-Greed: It makes you hold onto losing trades in hopes of recovery or take excessive risks.
-Regret: Like clinging to a losing trade because you invested a large amount.
-Common mental mistakes to avoid
1. **Confirmation Bias**: Seeking information that supports your opinion and ignoring warnings.
2. **Overconfidence**: Excessive trust after temporary success, leading to uncalculated risks.
3. **Loss Aversion**: The fear of loss may cause you to close winning trades early!
-Psychological traits of a successful trader
- Discipline: Sticking to a specific plan even amid market volatility.
- Flexibility: Accepting losses as a natural part, without despair or seeking revenge on the market.
-Patience: Waiting for clear opportunities instead of "trading just for the sake of trading".
How do you build a professional trader's mindset?
1. Set a clear plan:
- Define entry and exit rules, and the acceptable risk level (example: do not risk more than 2% of capital on a single trade).
2. Use a notebook:
- Record the details of each trade and your feelings during it; this will help you discover your negative patterns.
3. **Practice risk management**:
- Stop Loss and Position Sizing are your shields against emotional decisions.