#TradingPsychology
It is the study of behavior, emotions, and thinking that controls traders' decisions, and how these decisions are affected by psychological factors in trading such as: greed, fear, group influence (FOMO/FUD), overconfidence, loss, and revenge.
🤗Tips for managing psychological state:
1- Stick to a trading plan: your plan is your psychological shield.
2- Accept losses as part of the game.
3- Record your trades and feelings: learn from yourself.
4- Set a specific time for trading only and do not let the market control your life.
5- Separate money from emotion: do not trade with money you need.
"The mind is the most dangerous weapon in the market… or the worst enemy."
#السنفور 👑
