A common situation in which investors do a bad job of trading psychology is: chasing gains and selling losses, covering short positions when they fall, being complacent when they rise, not knowing how to exit, being crazy about the market when a bull market comes, panicking with the crowd when a bear market comes.
So no one is making money.
So how to use good trading psychology to trade?
First, have no feeling for a particular trade and focus on the overall outcome.
A more prosaic way to approach trading is not to take too many positions and to anticipate the outcome reasonably.
Don’t put all your eggs in one basket, you don’t care too much about one basket.
Evaluate the profit and loss ratio properly, and don’t expect too much from a deal without any evidence.
Don’t worry about your poor trading performance. Don’t fret.
Don’t be discouraged and anxious about poor performance or complacent about profit.
This mindset is really not easy to achieve.
There are two ways to try.
Experience more first.
If you spend a little money to feel the failure and the success, a lot of times, you won‘t feel that way.
Second, self-suggestion, people who make money more than you, can not be proud;
There’s a lot worse off than you. Stay calm.
Don’t trade revenge. Be honest about winning and losing.
Put aside your hypocritical face, not everyone is a saint, you can’t completely control their own win or lose.
You’re just a speck of dust on a giant speck.
Revenge on the market is actually self-deception.
Trading is like life.
In fact, if you can effectively improve yourself at work and in life, the deal will go well!
It is often said in the industry that it is 70% mentality, 30% technology and 20% market. This is somewhat exaggerated, but the psychology of trading should be a compulsory course throughout the course, no matter what stage the trader is in.
As fears of the new strain continued to ease, commodities and currencies surged on U.S. and European stock markets, while oil prices soared as much as 5 percent.
Please pay attention to the specific operation, the market is changing rapidly, investment needs to be cautious, the operation strategy is for reference only.
