90% trading is Psychology.....10% Technical

#1
I believe 90% is Trading is Psychology, 10% Technical.....We know 90% novice traders are failure......but why???We all are expert in TA/FA then why most of us failure......








Avoid the followings to stop your losses:
Do not pay attention to others ideas and beliefs.
Do not trust your friends and colleagues views.
Do not disregard and ignore the trading rules and laws.
Do not trade without a strategic base.
Do not let greed control you.
Do not follow other trader’s methods and strategies blindly.
Do not base your trades on strategies that you change every day, therefore only follow one strategy.

Use your complete potential during trading.
While trading, do not let other thoughts enter your mind. Focus on your trade only.
Do not consider trade as a hobby, take it seriously.
Do not base your trades on your luck.

3 steps to ensure your success:
1. Have your own strategy.
2. Learn how to manage your risk.
3. Be patient and don’t become emotional.

Evident facts of the market:
Knowledge gives the edge.
Knowledge = Income.
Lack of knowledge = Lack of Income.


The psychology of successful trading:
Educate yourself on how the market works. Have a well analyzed and well thought out Trade.
Quantify a potential loss. Do not risk everything on one trade and do not over trade your account.
Create a trading plan and trade that plan.
Do not deviate from your plan without creating and having another clear trading plan.
Maintain your focus.
Be quick to change directions if that is what the chart is saying.
When in doubt, stay out.
There are many trading systems. However, the most important trading system is you.
You must have a trading Mantra, an education on how the market works and a clear set of trading rules that you will obey.
Have strong self-confidence.
Be patience and independence.
Have a clear risk management strategy.


Evident facts of the market:
Knowledge gives the edge.
Knowledge = Income.
Lack of knowledge = Lack of Income.
 
Last edited:

TradeJoker

Well-Known Member
#2
I believe 90% is Trading is Psychology, 10% Technical.....We know 90% novice traders are failure......but why???We all are expert in TA/FA then why most of us failure......








Avoid the followings to stop your losses:
Do not pay attention to others ideas and beliefs.
Do not trust your friends and colleagues views.
Do not disregard and ignore the trading rules and laws.
Do not trade without a strategic base.
Do not let greed control you.
Do not follow other trader’s methods and strategies blindly.
Do not base your trades on strategies that you change every day, therefore only follow one strategy.

Use your complete potential during trading.
While trading, do not let other thoughts enter your mind. Focus on your trade only.
Do not consider trade as a hobby, take it seriously.
Do not base your trades on your luck.

3 steps to ensure your success:
1. Have your own strategy.
2. Learn how to manage your risk.
3. Be patient and don’t become emotional.

Evident facts of the market:
Knowledge gives the edge.
Knowledge = Income.
Lack of knowledge = Lack of Income.


The psychology of successful trading:
Educate yourself on how the market works. Have a well analyzed and well thought out Trade.
Quantify a potential loss. Do not risk everything on one trade and do not over trade your account.
Create a trading plan and trade that plan.
Do not deviate from your plan without creating and having another clear trading plan.
Maintain your focus.
Be quick to change directions if that is what the chart is saying.
When in doubt, stay out.
There are many trading systems. However, the most important trading system is you.
You must have a trading Mantra, an education on how the market works and a clear set of trading rules that you will obey.
Have strong self-confidence.
Be patience and independence.
Have a clear risk management strategy.


Evident facts of the market:
Knowledge gives the edge.
Knowledge = Income.
Lack of knowledge = Lack of Income.
Nice post Rajbhai
 
#3
Beliefs and Thoughts of a trader while taking a loss: The market is rigged


I can’t get a decent fill
My broker is out to get me
This game is impossible to win
If I take a loss then I am a loser
I never can have a winning trade ,I don’t have a clear strategy
I don’t know what I’m doing ’ These markets are impossible ’
I’m a loser ’
I’m too small and weak to win ’ ‘What will others think of me, I told them that my strategy will work?
 
#4
Joker bhai..........above post says don't follow my call and method blindly..........Trust yourself...........only one method you can beat the market is you, you and you.....:thumb:
 
#7

umeshmandal

Well-Known Member
#8
I believe 90% is Trading is Psychology, 10% Technical.....We know 90% novice traders are failure......but why???We all are expert in TA/FA then why most of us failure......



Avoid the followings to stop your losses:
Do not pay attention to others ideas and beliefs.
Do not trust your friends and colleagues views.
Do not disregard and ignore the trading rules and laws.
Do not trade without a strategic base.
Do not let greed control you.
Do not follow other trader’s methods and strategies blindly.
Do not base your trades on strategies that you change every day, therefore only follow one strategy.

Use your complete potential during trading.
While trading, do not let other thoughts enter your mind. Focus on your trade only.
Do not consider trade as a hobby, take it seriously.
Do not base your trades on your luck.

3 steps to ensure your success:
1. Have your own strategy.
2. Learn how to manage your risk.
3. Be patient and don’t become emotional.

Evident facts of the market:
Knowledge gives the edge.
Knowledge = Income.
Lack of knowledge = Lack of Income.


The psychology of successful trading:
Educate yourself on how the market works. Have a well analyzed and well thought out Trade.
Quantify a potential loss. Do not risk everything on one trade and do not over trade your account.
Create a trading plan and trade that plan.
Do not deviate from your plan without creating and having another clear trading plan.
Maintain your focus.
Be quick to change directions if that is what the chart is saying.
When in doubt, stay out.
There are many trading systems. However, the most important trading system is you.
You must have a trading Mantra, an education on how the market works and a clear set of trading rules that you will obey.
Have strong self-confidence.
Be patience and independence.
Have a clear risk management strategy.


Evident facts of the market:
Knowledge gives the edge.
Knowledge = Income.
Lack of knowledge = Lack of Income.

__________________
Discipline my self to follow only my method , cut my losses fast,admit I am wrong and my mistake ,keep losses small ,never add to a losing position, trade like a pro,there will be other better opportunities .Be nice to everybody , life is short. -----------------------------

http://www.indianexpress.com/news/fo...-life/1100651/
Excellent post. All traders and even the Trade Guides should follow these pointers.
 
#10
Bank nifty giving me good result in this method...............suppose bank nifty......11k.........I got buy signal......I will buy 1 lot...........if trade goes against me.....and 250 points down........I will buy again 1 lots.......11000,10750*2=10875........my avg 2 lots buy.....10875 if BNF again fall 250 points.....I will buy [email protected] is the system I am using in BNF.........
 

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