Traders Can't Win Until They Know This Secret - Trading Masterclass, Lesson 4
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- Опубликовано: 19 июн 2024
- Description:
Unlock the secret to successful trading with our insightful lesson on market psychology. This video is focused on the crucial role of understanding pain and pleasure theory in trading. Developed by Trade ATS, this concept is the backbone of our methodology, providing a deep understanding of why most traders lose money and how to reverse engineer this process into a profitable strategy.
Key Takeaways:
- Intro to Market Psychology and Pain & Pleasure Theory (0:00 - 0:28): Discover the fundamental theory behind why traders lose money and how to turn it around.
- Understanding Why Traders Lose (0:47 - 1:22): Delve into the reasons behind trading losses and the process that leads to them.
- The Role of Pain and Pleasure in Trading Decisions (2:01 - 3:22): Learn how natural human responses to pain and pleasure directly impact trading effectiveness.
- How Pain and Pleasure Affect Trading Actions (3:46 - 5:09): Explore the influence of pain and pleasure on traders' actions, leading to losses or gains.
- Example Illustrating Pain and Pleasure in Trading (6:13 - 8:04): A practical example to demonstrate how market ranges interact with traders' pain and pleasure responses.
- Strategies to Manage Pain and Pleasure Responses (11:03 - 11:54): Tips on managing these emotions, including using wider stop losses and trading with smaller positions.
Visit our website [YourWebsite.com] for more insights into trading strategies that can help you navigate the market more effectively.
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Chapters:
0:00 Introduction to Market Psychology
0:47 Reasons Behind Trading Losses
2:01 The Impact of Pain and Pleasure on Trading
3:46 Pain and Pleasure in Trading Actions
6:13 Example of Pain and Pleasure in Trading
11:03 Managing Emotional Responses in Trading
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I really like this format. The informations provided are useful and interesting! Good job!
wow... best masterclass ever... you are about to save my day trading journey... thank you so very much...
Happy to hear that!
For me my problem in trading has always been the opposite of what is described here. When I’m in profit there is no pleasure, I want to close the trade as soon as possible to avoid losing the profit, and when I’m in a losing trade, I hold it as long as possible in hopes it will come back again to at least my break even which often ends in a deeper loss. Thus I am creating very small winners albeit lots of them, however when I lose I lose big and wipe out all my wins and then some. This is backwards of course, letting your winners run and cutting your losers quickly is essentially the key to being a successful trader.
Have a check list in front and fill it before entering a trade
Decide the max risk level and amount
Have it infront and exit the trade when you see it
Trail stoploss
Most importantly believe that losses are expenses and can not be avoided but can be reduced
Also believe that not all but only few trades will be correct so when you see it's going incorrect cut it immediately and look for next opportunity
I believe the problem is we want to be more right than profitable
Let's remind ourselves
We need not be right often but profitable at the end
What you think about hedging with ATS?
Muy Bueno...., totalmente deacuerdo Contigo....😂
🙏
Great information. How can I access ATS software?
You can go to www.tradeats.com and apply to work with us there.
9:15 chart example. pain and pleasure.
As more and more trading is done by robots, will these psychological factors become less and less relevant?
I wait on pain (when in loss) and exit immediately I pleasure 😢
Excellent! That is the beginning of understanding profitability.
not the experience of most traders. they let losers run and take profits tooo early
You are right. This is usually after they are so badly damaged that they have become numb to the pain of loss.