PSYCHOLOGY risks of betting everything on next trade

This is a discussion on PSYCHOLOGY risks of betting everything on next trade within the Psychology, Risk & Money Management forums, part of the Methods category; Many traders will bet , based on the current set up , this has psychological issues.This video explains...

Reply
 
LinkBack Thread Tools Search this Thread
Old Jul 10, 2017, 2:08am   #1
Joined Apr 2017
PSYCHOLOGY risks of betting everything on next trade

Many traders will bet , based on the current set up , this has psychological issues.This video explains

foroom lluzers is offline   Reply With Quote
Old Jul 10, 2017, 3:17am   #2
 
Oscar Reed's Avatar
Joined May 2015
Seems to make trading hard work.
Oscar Reed is offline   Reply With Quote
Old Jul 10, 2017, 6:26am   #3
Joined Apr 2017
foroom lluzers started this thread
Quote:
Originally Posted by Oscar Reed View Post
Seems to make trading hard work.
The trading part is only 20% i.e technical analysis , system /method and fundamental analysis.Most traders lose because they jump into trading with these 20% skills , little information becomes dangerous in live trading , 95% lose is the result.

This video is one of the best that I heard , but it does not give a trader winning method , it just explains the way most traders trade is wrong psychologically.There are almost 20 psychology threads in this forum , that are worth reading , this excludes the 10 threads that I have started .

Here are those threads , excluding my own threads

http://www.trade2win.com/boards/psyc...ent-forum.html

This thread is about a winning method and a psychologically correct method .This style was profitable for last three weeks of live calls.Trading is easy ,if you have a correct method of trading.

http://www.trade2win.com/boards/indi...asdaq-s-p.html
foroom lluzers is offline   Reply With Quote
Old Jul 12, 2017, 8:48am   #4
Joined Apr 2017
foroom lluzers started this thread Psychology is 90% of trading success ,unless trader is a robot.The human with a mind is going to execute the trades.The brain command center makes all the trading decisions.

The evidence is there on the free internet , there are simple free profitable methods ,systems and techniques , yet 95% fail and dissapear.

If traders don't understand the mind ,how it works subconsciously in trading , the traders can not have any plans for the 90% risk of under performance due to psychology.It is with the mind where traders lose in trading due to emotions ,stress , need to be right , subconscious emotional executions ,mind traps , automatic mind in trading , beliefs in trading , subconscious errors , brain command centre shutdown during trading , brain freezing in trade executions ,the power the thought , negative wiring of human brain and it's performance in trading ,meditation , unreality reading of the real market conditions,cognitive biases in trading decisions , mental traps , benefits of patience and disadvantages of impatient traders , impulsive , self sabotage in trading executions , stress responses , amygdala hijackings ,personality , ego and other psyche characteristics.There are effects of cortisol hormone testosterone traders trading risk.The mental preparations are required for daily trading.

Those traders who say psychology is unimportant are just useless clueless traders.
foroom lluzers is offline   Reply With Quote
Old Jul 12, 2017, 2:26pm   #5
 
piphoe's Avatar
Joined Oct 2015
I don't believe that psychology is a full 90% of trading success..it's more like 20-30%, and edge or method being the greater. I do think that psychology can be 100% the cause of failure to execute properly an otherwise winning system. A wonderful psyche for trading will do just as poorly with a bad methodology as a good methodology with a bad psyche. Once get mind right the focus is on methods & systems. Your focus is 99% on psychology...why?
__________________
if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
piphoe is offline   Reply With Quote
Old Jul 12, 2017, 2:35pm   #6
Joined Apr 2017
foroom lluzers started this thread
Quote:
Originally Posted by piphoe View Post
I don't believe that psychology is a full 90% of trading success..it's more like 20-30%, and edge or method being the greater. I do think that psychology can be 100% the cause of failure to execute properly an otherwise winning system. A wonderful psyche for trading will do just as poorly with a bad methodology as a good methodology with a bad psyche. Once get mind right the focus is on methods & systems. Your focus is 99% on psychology...why?
Poor psyche will ruin a good method , a good method will not ruin good psyche , the good psyche can outperform a mediocre or poor method.

Without psyche method is worth zero , method is 20 % and trading is very simple i.e 10 % or 20 % , mastering the psyche is the hard difficult part.
foroom lluzers is offline   Reply With Quote
Old Jul 12, 2017, 4:10pm   #7
 
piphoe's Avatar
Joined Oct 2015
Quote:
Originally Posted by foroom lluzers View Post
Poor psyche will ruin a good method , a good method will not ruin good psyche , the good psyche can outperform a mediocre or poor method.

Without psyche method is worth zero , method is 20 % and trading is very simple i.e 10 % or 20 % , mastering the psyche is the hard difficult part.
a great method may be tainted by poor psyche but still make $. i'll take that over a great psyche executing a poor method or NO method. That will never work well.

I'll take the great method any day. I'll automate the MF'r thats an absence of psyche
__________________
if you have a little volatility, half an idea where sh^t will turn, and a reasonable stop, I might be able to start making $ off this venture
piphoe is offline   Reply With Quote
Old Jul 12, 2017, 5:18pm   #8
Joined Apr 2017
foroom lluzers started this thread
Quote:
Originally Posted by piphoe View Post
a great method may be tainted by poor psyche but still make $. i'll take that over a great psyche executing a poor method or NO method. That will never work well.

I'll take the great method any day. I'll automate the MF'r thats an absence of psyche
not everything can be coded objectively
foroom lluzers is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
Article: Trading Psychology: Mistakes in a Forex Trade T2W Bot Educational Resources 6 Jun 19, 2017 6:59am
Binary, FX, Financial Betting, Unseen risks moka2 Fixed Odds 0 Oct 9, 2012 10:48am
Suitability of Using Spread Betting to 'Trade the News' WinnerMan Spread Betting & CFDs 8 Aug 22, 2010 11:25am
E*Trade Spread Betting Product Tuffty Spread Betting & CFDs 1 Feb 2, 2005 6:55pm
I need spread betting shop to trade TurboTurtle Commodities & Money Markets 2 Feb 22, 2004 9:16pm

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)