Successful Trader Psychology and Behaviour | Trading Psychology Episode 3

Successful Trader Psychology and Behaviour | Trading Psychology Episode 3
Chapters -
00:00 Successful Trader Psychology
01:47 Patience in Trading
04:44 Confidence in Trading
08:43 Discipline in Trading
11:11 Emotionless Trading
15:15 Self-Control
20:06 Fearless Attitude
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Unsuccessful Trader Psychology and Behaviour | Trading Psychology Episode 2
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Trading Psychology
What is Trading Psychology?
Trading psychology refers to the emotions and mental state that help dictate success or failure in trading securities. Trading psychology represents various aspects of an individual’s character and behaviors that influence their trading actions. Trading psychology can be as important as other attributes such as knowledge, experience, and skill in determining trading success.
Discipline and risk-taking are two of the most critical aspects of trading psychology since a trader’s implementation of these aspects is critical to the success of his or her trading plan. Fear and greed are commonly associated with trading psychology, while things like hope and regret also play roles in trading behavior.
Understanding Trading Psychology
Trading psychology can be associated with a few specific emotions and behaviors that are often catalysts for market trading. Conventional characterizations of emotionally-driven behavior in markets ascribe most emotional trading to either greed or fear.
Greed can be thought of as an excessive desire for wealth, so excessive that it clouds rationality and judgment at times. Thus, this characterization of the greed-inspired investor or irrational trading assumes that the greed emotion can lead traders towards a variety of suboptimal behaviors. This may include making high-risk trades, buying shares of an untested company or technology just because it is going up in price rapidly, or buying shares without researching the underlying investment.
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Successful Trader Psychology
Trading is 90% Waiting and Just 10% Trading
Patience in Trading
Patience and discipline is a virtue that will benefit all traders, keeping emotion and snap judgments in check. Due diligence and quality research should inform your decisions about when to get in and out of trades, and allowing the price to catch up with the fundamentals can take some time.
Confidence in Trading
Self-confidence is perhaps the most important of all the qualities you will need in order to become a successful trader. You must believe in yourself and your trading plan and have the gumption to not be swayed by the crowd.
Discipline in Trading
A trader has or should have a fixed plan in mind before executing every single trade. This plan includes estimating the entry and the exit price along with a stop loss. Giving way to watch these without any solid reason may prove to be fatal in the long term
Psychology and Behaviour finance typically encompasses the concepts
Mental accounting: Mental accounting refers to the propensity for people to allocate money for specific purposes.
Herd behavior: Herd behavior states that people tend to mimic the financial behaviors of the majority of the herd. Herding is notorious in the stock market as the cause behind dramatic rallies and sell-offs.
Emotional gap: The emotional gap refers to decision-making based on extreme emotions or emotional strains such as anxiety, anger, fear, or excitement. Emotions are often a key reason why people make irrational rational choices.
Anchoring: Anchoring refers to attaching a spending level to a certain reference. Examples may include spending consistently based on a budget level or rationalizing spending based on different satisfaction utilities.
Self-attribution: Self-attribution refers to a tendency to make choices based on overconfidence in one's own knowledge or skill. Self-attribution usually stems from an intrinsic knack in a particular area. Within this category, individuals tend to rank their knowledge higher than others, even when it objectively falls short.
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Trading Psychology
Trading Psychology for Beginners
Trading Psychology Course
Trading Psychology in Hindi
Understanding Trading Psychology
Trading Psychology training
Trading Psychology Trading in the Zone
Trading Psychology Technical Analysis in Hindi
Trading Psychology Explain
Trader Psychology
Trader Psychology in hindi
Successful Trader Psychology
Unsuccessful Trader Psychology
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#TradingPsychology #TraderPsychology #SuccessfulTraderPsychology #TradingPsychologyCourse
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Technical Analysis in Hindi
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Through this channel you can successfully chart the analysis.
It can also determine when the trend will be established and the trend will be reversal.

[Power-of-bazaar]

मैंने जब टेक्निकल सीख कर किया तब मेरा बहुत नुकसान हुआ उसके बाद मैंने माइंड सेट पर काम किया गीता पढ़ा उसके बाद मैं प्रॉफिट मे हू ❤

[rajyadav]

My setup;
1. Wait for the Right opportunity & right place
2. Have patience
3. Right time entry
4. Pre defined target & sl
5. Self control not to trade often, i take only 1 trade a day, weither profit or loss

[chirantanpaul]

90% waiting 10% trading time
Patience- no early entry early exit
Confidence - trust on plan and strategy
Discipline - strict maintain your plan and your mind emotions
Emotionless trading(no fear, greed and anger)
Self control -
Fearless attitude

[kennnn]

People sell such courses but u provide it for free sir.... Thank you

[satyamshivams]

Bhagwan aapko lambi umra de jisse aap gyan ki Roshni bikherte rahen, ham logon Ko rasta dikhate rahen, hamari dubti nav ko kinare lagate rahe

[samindian]

Your voice flow is a bit entertaining 😃 but bro the knowledge & experience you have about trading is just next level🙏🏻🙏🏻

[ajmalpasha]

100% bharosa hai mujh me meri apni strategy pe . No intraday No options only trading in ETF & Stocks cash&cary . No stop loss Buy&dip sell&rise. Every 5% fall buy again buy again. Every 3%to 5% rise sell again sell again. Tension free. But need more money in cash Brother. Cash is 🤴 👑 king

[AnilSharma-etzr]

गुरु जी नमस्कार🙏🙏❤️ से हम आपके वीडियो का इंतजार करते हैं आपकी जानकारी से भरपूर जनरल नॉलेज मिलती है आप बहुत ही सरल भाषा में वीडियो बनाते हैं हम पड़े लिखे न होने के कारण आपसे बहुत कुछ जानकारी सीख रहे हैं

[ISupportTeachers]

psychology and behaviour of successful traders (Part-3) ....15-01-2022

Trading is 90% waiting and just 10% is trading.
Waiting का मतलब है Technical के बनने का, Breakout होने का, Indicator के Buying या Selling संकेत का, चार्ट या candle के पूरा बन जाने का, Buying या Selling संकेत का.

(1) Patience ... धैर्य और सब्र के साथ trade करें.Target और Stop loss का पालन करें.सही Break out होने पर cofirnmation के साथ trade में enter या exit करना चाहिए.Target प्राप्त होने पर और profit का लालच और हानि होने पर stop loss हिट होने के डर से बचे.Risk management बहुत आवश्यक है.ज्यादा दिमाग लगा कर trade में कूदना नही है.

(2) confidence ....एक सफल ट्रेडर को अपने Trading system, Trading plan, Trading strategy और Research पर पूरा विश्वास होना चाहिए.आप अपना प्लान और इंडिकेटर का चयन करे जिसकी Accuracy कम से कम 70% हो.फिर उसके अनुसार ही Entry, Stop loss या Target सेट करे और उसपर विश्वास के साथ कायम रहे.न्यूज़ चैनल या विशेषज्ञ के फेर में ना फंसे.चार्ट पर भरोसा करे.2% का Risk Reward Ratio (RRR) को फॉलो करें.ट्रेडिंग शुरू करने से पहले Back Test करें. लाइव मार्केट में पेपर ट्रेडिंग करें और जब आपकी Accuracy 70% या ज्यादा हो जाय तभी ट्रेडिंग शुरू करें.

(3) Discipline इसका मतलब होता है ट्रेडिंग सिस्टम और ट्रेडिंग प्लान का सही तरीके से पालन करना.
उदाहरण..किसी Intraday ट्रेडिंग को प्रॉफिट या हानि होने पर भी अगले दिन के लिए कैरीफॉरवार्ड कर लेना.Intraday ट्रेडिंग को डर या लालच में अगले दिन होल्ड करने का क्या मतलब है.कुछ Traders तो Stop loss भी नहीं लगाते हैं.ईमानदारी पूर्वक Entry, Target और Stop loss का पालन करें.यह आपको तय करना है आप ट्रेडर हैं या सट्टेबाज.

(4) Emotionless trading ...Behave like a machine during Trading.ट्रेडिंग के समय अपना Entry, Stop loss और टारगेट को अपने strategy के अनुसार फॉलो करें. Rules are made because so that they can be broken.अगर आपने नियमों को तोड़ा तो मार्केट आपको तोड़ देगा.डर, लालच, जोश और गुस्सा इस पर काबू रखें.

(5) Self Control...हमारा Control किसी भी trade में entry
लेने तक ही होता है.उसके बाद बाजार की चाल दिशा तय करती है.market mood can swings or situation can be changed.ऐसा भी हो सकता है आपके एंट्री के बाद परिस्थिति बदल जाए मार्केट नीचे जाने लगे.बाजार में stop loss फॉलो करना सबसे बड़ी समझदारी है.अगर किसी ट्रेड में loss हो रहा है तो उसे तुरंत काट कर निकल जाये.अगर किसी के स्टॉक में प्रॉफिट हो रहा है तो Trailling stop loss का पालन करें.मतलब Profit बढ़ते जाएं तो Stop loss को आगे बढ़ाते जाये.

(6) Fearless Attitude सबसे बड़ा सवाल है बाजार में ट्रेडर को डर क्यों लगता है.अगर किसी का Past Loss का रहा है तो उसे डर लगता है.डर के कई कारण है-बिना किसी जानकारी के, बिना किसी Analysis के, लोगों के कहने पर, एडवाइजरी कंपनी के सलाह पर, trade किया और भारी नुकसान हो गया.बड़ी पोजीशन होने पर stop loss का हिट हो जाना भी डर का कारण है.आप अपनी गलतियों का एक नोटबुक बनाएं जो गलती हुई उसे दोहराना नहीं है.
कुछ टिप्स ... (i) बाजार में उतनी ही कैपिटल से ट्रेड करो जितना loss होने पर गम ना हो.
(ii) कम शेयर के साथ Trade करें.सीखने के बाद धीरे-धीरे शेयर की संख्या को बढ़ाते जाए.
(iii) ज्यादा संख्या में शेयर ट्रेड करने वालों का अगर स्टॉपलॉस हिट होता है तो उसे ट्रेडिंग फोबिया हो जाता है.
summarised by Ashutosh

[abhayk]

This is the only learning video first time I am watching on the YouTube, which has changed my mindset completely... Thanks sir

[angadkirecipe]

Sir abhi mai naya hu is market me lekin mujhe believe hai ki aap ki video dekh kar pura trend hone ke bad hi aage hath lagaunga

Sir aapke samjhane ka andaj, kya bat hai gajab

[kennnn]

I cannot stop thanking you watching every steps of these videos

[legendtrader]

Anmol Successful trader trading Consistently with managing risk 🙂

[nibabusiness]

🙏🏻 जो भी टेक्निकल एनालिसिस नियम को फॉलो करोगे तो निश्चित ही आपको सफलता ही मिलेगी 👍🏻

सर आप जो भी यह नॉलेज दे रहे हो इसके लिए ❤️ से धन्यवाद

[meditationrelaxingmusicwit]

90% waiting and 10% trading
90% psychology and 10% indicater

[kennnn]

All episodes are most expensive and priceless offered to all for free. God bless you and all your families sir

[subairabdulrahiman]

Siri, my problem is trade without any buy or sell signal. Now I won’t do it. This class is so beneficial for me

[OmprakashYadav-idip]

Pahli bar koi acchi psychology per video dekhne ke liye Mila isase Achcha Koi Samjha Nahin Sakta dhanyvad

[abdurrehmanshaikh]

Best videos you making about psychology and which is one of imp part of trading...
I never seen such type of videos in YouTube about psychology 👌👌

[Akashthaware]

maine aap jaisa youtuber aaj tk nhi dekha, main aap ke sare k sare 4 yrs purane sbhi video dekh kr trading sikha hu isme aapka yogdaan 100% han.
aapka bohat bohat dhanywad.