Intraday Trading Emotions and Psychology
Trading is Buying and selling securities or commodities on a
short-term basis, hoping to make quick profits.You might hear of rags to
riches stories or traders boasting about the money they made in a
trade. Its am exciting business but the fact is only 5% of traders are
able to make money on a consistent basis.
If you have ever interacted with Successful traders he would say that psychology and emotions are 80% of the battle.
Do not overestimate your ability to be unaffected by emotion.
Real Life vs. the Trading Terminal
Have you ever imagined why doctors,engineers, and maths graduate who are quiet strong in analytical skills have burnt hands in trading ?
The pressure and stress you’ll face will be far greater than anything you’ve ever experienced.
When I first started trading, I was confident of my math and analytical skills – so I thought I could base all my trading decisions purely on analysis, unaffected by emotion.
Continue Reading
If you have ever interacted with Successful traders he would say that psychology and emotions are 80% of the battle.
Do not overestimate your ability to be unaffected by emotion.
Real Life vs. the Trading Terminal
Have you ever imagined why doctors,engineers, and maths graduate who are quiet strong in analytical skills have burnt hands in trading ?
The pressure and stress you’ll face will be far greater than anything you’ve ever experienced.
When I first started trading, I was confident of my math and analytical skills – so I thought I could base all my trading decisions purely on analysis, unaffected by emotion.
Continue Reading
posted by Bramesh at
8:22 AM
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