Master Trading Psychology | Trade Stocks Without Emotion
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- Опубликовано: 28 май 2024
- Trading Psychology is one of the most important factors in becoming a successful stock trader, if you can enter the markets without emotion, you are more likely to remain a disciplined trader, and therefore become a successful trader.
One of the primary aspects is that of embracing risk and understanding probabilities. If you fully understand trading probabilities you can fully embrace risk.
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As a professional trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring traders by providing the key information in a concise and enjoyable manner.
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Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.
Achieving significant returns isn't about volatile stocks; it's about effectively balancing risk and reward. Proper position sizing and leveraging your advantage repeatedly are essential, whether you're a long-term investor or a day trader.
Certainly, many underestimate advisors until emotions lead to losses. A few summers ago, during a tough divorce, I sought a licensed advisor who, through diligent work, boosted my business from $190k to around $720k despite inflation.
wow that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
The Adviser I'm in touch with is *'Jude Ryan McDonough'* , he works with Merrill, Pierce, Smith incorporated and interviewed on CNBC Television. You can use something else. for me her strategy works hence my result. He provides entry and exit point for the securities I focus on.
Thanks, I just googled him I'm really impressed with his credentials. I reached out to him since I need all the assistance I can get.
We are already in the big crash, Inflation is a catastrophe. This CPI report is a colossal failure. To bring the housing market to a halt, the FED will have to pull all the stops. The unfortunate issue is that other markets are being decimated. If you want to stay green, you have to rely on a lot of diversification. Currently up 14% and being careful. Still a better deal than leaving it in a savings or checking account yielding 0-1 percent interest.
People believe their currency has the worth it does because they have no other option. Even in a hyper-inflationary environment, individuals must continue to use their hyperinflationary currency since they likely have minimal access to other currencies or gold/silver coins.
Inflation is gradually going to become part of us and due to that fact any money you keep in cash or in a low-interest account declines in value each year. Investing is the only way to make your money grow and unless you have an exceptionally high income, investing is the only way most people will ever have enough money to retire.
@@mohammeddumadi8323 You are right! I diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above 1.3m in net profit across high dividend yield stocks, ETF and bonds during this red season.
@@Brendavonrohr4 How can I reach out to this coach? because I'm seeking for a more effective investment approach How good is this person at portfolio diversification, particularly with regard to digital assets?
@@Brendavonrohr4 Please I'm very much interested. How can I get touch with this coach, i really want to give her a try.
An action is earning money. Money management is a behaviour. Increasing wealth is learning. This is the principle.
With inflation running at a four-decade high, a recession is now the most likely outcome of the economy. How can i grow my portfolio to outpace inflation and maintain a successful long-term strategy. I have been reading of investors making about $250k in the current crashing market, i need ideas on how to achieve similar profits
The market is volatile at this time , hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the share/ETF you focus on.
Who is this individual guiding you!? I lost $9k just last week, so im dire need of a financial planner
Credits to expert Margaret, you can reach out to him if you want
How do i reach out to him?
Ths was great and mainly based on Mark Douglas book (trading in the Zone). Nice work
Trading in the Zone by Mark Douglas is a book that most trader should have.
Trading for a Living by Alexander Elder is also a must have.
That's my problem... the fomo! I'll learn one day
It easy to understand and learn, but very hard when real money on the board.
Thanks again for such a nice upload.
Glad you liked it!
i wathc this everyweek prior to trading trading
great video as always, i'm going to share with my little community. Thanks!
Awesome, thank you!
Interesting , surely traders have experience from these feelings.
Every singular event is completely independent of one another.
The paradox is simple yet not easily understood.
1) Yes, each flip of the coin is independent and there is a 50% chance heads will come up.
2) But there is a little more than a 3% chance that heads will come up 5 times in a row.
3) Heads has already came up 4 times in a row so is it 3% or 50% that heads will show up on the fifth flip?
Unfortunately not - The coin has no memory and does not know heads has appeared 4 times in a row, therefore it is still 50% on the next flip
Thank u brother.
Loving to listen to you
Love to hear from you!
thanks for the video
You're welcome
love your videos. almost watched all of them. anyway you could add "the mental game of trading - Jared Tendler" to your future list? amazing book with lots to cover
I'll add to the list
@@FinancialWisdom you're the best!! you won't be disappointed, great read.
its very easy to hold a losing trade but balls of steel to hold a winning trade. when im down $200 i hold and hope to break even.. then it goes to -$800 and by this point im so mad, i let it expire worthless -100% red. when its green i sell so fast when i see +$100, crazy mind. need to learn how to trade like a robot.
Yep - You have risk reward in reverse...
Think about a winning system. Not winning money
I like that!
This whole video was made from ideas coming from the book called "Trading in the Zone."
This is best trading video i ever seen and i seen them all
Thanks!
I lost so much on just hold FTX, but that did weigh me down because I invest with Amanda Moore Hinton. She's the best when it comes to making high profits in the financial market, she's well accredited and proficient to help you through managing your investments..She's highly trusted and recommended....
I've also been trading with her, the profits are secured and over 100% return on investment directly sent to your wallet..
Wow amazing to see others trading with Mrs Amanda Moore, I'm currently making my 5th trade with her and my portfolio has grown tremendously..
So much to say about this woman but no one indicated on how to reach her because I'm very much interested to start up investment with her, pls can someone help with her info ?? I'm still trying to come out of my losses i need help with her info i know she can help me.
I have traded with many individuals but i have never met anyone as good as Mrs Amanda Moore only by applying their strategies do i now act independently .she is the best i would advise any novice investor to trade with her..
@@AnnaFed015 You can communicate with her on telegam with the user name below..
Thank you. Awesome stuff. Request: Can you summarize "Short-Selling with the O'Neil Disciples"
Thanks. Think it's in the library
@@FinancialWisdom The one in the library is "William O'Neil - How To Make Money Selling Stocks Short". But can you please do a vid on "Short-Selling with the O'Neil Disciples". Its by Gil Morales who does the gilmoreport and he actually has been shorting for decades so I expect this to be the best book on Swing/Position short-selling. On my to-do to study too. thanks!
Re-uploading ? I watched the same video from your channel while ago 🤔. Thanks anyway, it is good to remind me of trading psychology, keep up !
It was edit due to someone incorrectly claiming copyright
Powerful video
Thanks
Superb
Thanks 🤗
random of events... Thats exactly what the GREAT MARK DOUGLAS has spoken of........
In spite of the fluctuation in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345 and since following you for few weeks now, I’ve gotten $18,539 in my portfolio
Thanks so much Mrs. Karen Cosmann
Mrs Cosmann changed my life because of the high profits I got from investing with her.
You invest with Mrs Cosmann too? Wow that woman has been a blessing to me and my family.
I'm new at this, please how can i reach your broker
investwithcosmann💯
Thank you
I like your videos but I think you need more of a shout out to Mark Douglas as most of this post is straight from him, even word for word in some cases.
Thanks William - The concepts have been taken from a number of psychology books, some as you point out from Mark
Was thinking the same
State of mind is a big one for me; I'm being made redundant at the end of this month, I've known this was coming for a few months (thanks Brexit!) I've found that my mind isn't in the right place for trading/investing, as a result I've just taken a monitoring stance and not bought or sold anything, I just find it difficult to think with big emotions, unrelated to investing, in my head.
Hi Ken - You need a clear mind for sure, and I would get your employment status sorted before trading...
Hi sir, do leaving money on the tablet mean not take profit or sell into strength.
Stock price movement is decided by the dynamic equilibrium between buyers and sellers. So it cannot be compared to the throwing of dice or game of roulette where the outcome doesn't depend upon how many players are betting and on what. To that extent it is not purely Random outcome.
You are missing the point, this is psychology and not a strategy comparison
I think he means there are only two ways it can go, up or down.
do all these work on indian markets..?
Fear of Losing Money is the pillar I struggle with, and maybe still a little bit with FOMO. Have mostly let go of and move on from the others. Fear of Losing Money has still kept me from entering the market. Think I need to just focus on a strategy now, and backtest it, to gain that confidence in what batting average would be. How or where can we backtest a strategy automatically, with software?
MarketInout is good bit.ly/3oO1exN
Although you can manually backtest
You are right. Backtesting with the understanding of what works & why (& the inverse) will boost confidence & reduce the fear of loss. I prefer manual backtesting because it gives me practice in reading the market & executing my system.
Thanks Gareth. The best loser wins...
Thanks William
Brilliant book!
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Please make an video for call and put options. How is it work? Thanks
En.bourse les évènements sont liés car les traders ont une psychologie donc les événements passés jouent sur le futur. Si les cours sont au plus haut tout le monde attend la baisse et elle se fera car c'est la psychologie qui dirige le game
hey can u do for us the book trade like a casino
thanks for all what u r doing
Hi - I have a video on that in my library
@@FinancialWisdom what the title ? I cant find it
HI SIR
i am a swing trader
my strategy has 40% success rate and 1:2 RR and i dont trailing
A loss of 3 months in a year but will recover it in 2 or 3 months
I only trade in one script and get 4 to 6 trades per month
Is this common for everyone or should I change my strategy?
pls tell me bro?
What does "leaving money on the table" mean?
Sat in your back account not earning any yield
a free month for membership for a Brazilian to prosper 🙏
Sorry....
😊😊😊😊😊😊😊
Teaches you the very basic of handling emotions as a financial trader. If you are looking for something intermediate or advance in how to be profitable this is not the video
Trading stocks with no emotion? Sure. Trading crypto without emotion? Impossible. 😄
where is the special thanks to Mark Douglas?
💎s
I started stacking to SAVE wealth. I've always been the type of person to spend my entire paycheck. I hate having money just sit in the bank. I am under pressure to grow my reserve of $950k. before I turn 60, I would appreciate any advice on potential investments.
Well the bigger the risk, the bigger the reward and such impeccable decisions are better guided by professionals.
Very true. Despite having no prior investing knowledge, I started investing before the pandemic and pulled in a profit of approximately $950k that same year. In reality, all I was doing was getting professional advice.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
There are a lot of independent advisors you might look into. But i work with Nicole Desiree Simon , and she is excellent. You could proceed with her if she satisfies your discretion. I endorse her
I Found her online page by searching her full name, I wrote her an email and scheduled a call, hopefully she responds soon. Thanks
Training amygdala to accept losses
👑✨👍
thanks
Did u deleted mark doiglas book summyrry?
It was edit due to someone incorrectly claiming copyright
Ever since you stated you think we've bottomed in the last video, it's been on my mind. And the more time that passes I start thinking "wow, I think he was right". We had the good CPI after that video. You still thinking we've bottomed?
Hi Bill, All the indicators I use suggest we have seen the low of 3500 last month, there are of course no guarantees, we can only move probability into our favour.
each event unrelated to another?? I think that's ok for a coin toss, but it's a ridiculous belief for trading. Traders respond to what they see in the market. Market structures are built and broken, and traders look for reference points and key levels. Markets do vary a lot, and there is an element of randomness but there is often more order than you think. Otherwise one's edge would be meaningless
I do agree. Its more the theory that a string of losing trades does not mean one thing or another..
@@FinancialWisdom My strings of losses occur more often in choppy markets and on shorter timeframes where sentiment can change quickly. In trading it's important not to do a lot, but to do the right thing at the right time. I've learnt to stay out of tight choppy markets & trade bigger timeframes.
Mark Douglas spoke of a sequence or series of trades.... Not trade by trade analytical expression... But learn to see it as a series... Hes an American ,,, These Brits want to erase Americans from the Market...
But if it werent bc of the Americans to help create the previous day market ideas, theories, and its ease of trading, perhaps all of the traders around the world would have it very difficult as of today ... CREDIT SHOULD BE GIVEN WHERE CREDIT IS DUE...... MY COMMENT WILL BE ERASED BC THEY WILL WE DO NOT SUPPORT OR CODONE POLITCAL VIEWS... LOL OR SOMETHIHG TO THAT similar effect
I make huge profits on my investment since i started trading with a professional broker Mrs Silvia Morgan, her trading strategy are top notch coupled with the little commission she charges on her trade. Thanks so much ma'am♥
I started this with just a thousand bucks. my portfolio is worth much more now within just weeks of trading with her thanks Mrs Silvia
Thank you for the level-headed financial advice. I started my investment with $4,500 in just a week of trading with her I’ve gotten profits of $12,750 in my portfolio. Thank you Ma'am
Surprise to see others who trade with Mrs Silvia Morgan, i am currently on my 5th trade with her and my portfolio has grown tremendously.
Wow! Pretty good please how can i reach this Mrs Silvia everybody is talking about? I want to invest i'm in Belgium
REACH HER ON HER TELEGRAM
Thanks bud for keepin us financially Educated! Regardless of how bad it gets on the economy, I still make over $22,000 every single week.
That's awesome!!! I know nothing about investment and I'm keen on getting started. What are your strategies?
@@ericastewart5030 Wow!! Kind of in shock, you mentioned Mrs. Arianna. She has proved beyond all doubt that it's worth generating wealth from crypto investment. I've been earning greatly
I'm also a new subscriber of Mrs Arianna Simpson coaching program and I'm so excited took a positive turn by earning over $10k biweekly
I've really heard a lot about Mrs Arianna Simpson! How do i connect with her?
@@ericastewart5030 Is her service available outside of the US? As her broker is registered in the US.
It’s proven that it’s impossible for humans to remove emotions from any decisions they make in life. To tell traders / humans to trade without emotions is like telling them to jump off a building because they “can fly”. It cannot be done. What can be done and should be done is quite the opposite of what your teaching. To minimize or to help control the bad emotions which make you make bad decisions while trading, you must talk about them, journal them, embrace them. It’s proven that doing this lessens the strength and frequency of these emotions so they can be less in the way / managed.
Imo this is a teaching that you can trade without emotions is such a dis service to any trader. Because you're basically saying you will be a successful trader if you can remove emotions which is impossible to do for humans. So they get stuck in a loop thinking they just need to try harder to trade without emotions, which in turn makes the negative emotions to become even stronger and more frequent.
I do however believe you're trying to help in this video. But you're just mis informed with the 95%+ traders that fail. Big money loves to spread mis information to retail.
I tend to disagree i'm afraid. Sure removing emotions in isolation is a bad thing, of course, however if you have a proven edge that requires discipline for it to materialise the only thing in your way is your emotions controlling that discipline. 95% of traders fail because of the psychology aspect, varying from FOMO, discipline, over confidence (over trading) etc.
Its not impossible to become far less emotional in trading, I have mastered it, albeit it took me multiple years to really embrace it
@@FinancialWisdom I am not sure how you could say you disagree with that I have said, being your reply agrees with what I have said. What exactly do you disagree with? In the title of your video it says “trade stock without emotion”. I’ve stated that cannot be done, I also mentioned those emotions can be less frequent with lessen strength if we accept they are there and journal or talk about them. It’s proven that trying to ignore or suppress them can actually makes them worse. It’s also proven that accepting they cannot be 100% removed and journaling them or talking about them can lessen them. It's one reason why journaling is so very important and beneficial for traders. Hence why your statement “trade without emotions” is a dis service to traders. A better thing to say would be “how to keep in check" or "lessen strong negative emotions while trading”. “Trade without emotions” cannot be done and It’s a very very very common saying or teaching that truly makes matters worse for traders. The things you have mentioned in your video can help lessen or keep them in check, however they will not allow you to “trade without emotions”.
Your statement in your response "far less emotional" I 100% agree with and it actually 100% agrees with my first comment above which you said you disagreed with..
@@littlebigbear5358 fair enough👍
Please please don't mislead people. It is clear that you are just reading books, and you have never traded in the stock market. A person who understands institutional supply and demand will never lose in the stock market.
ummm 30+ years.
@@FinancialWisdom if it so I'M VERY VERY SORRY 🙏🙏🙏, then please don't confused innosent TREADERS, teach them the reality, SMART MONEY DEMAND and SUPPLY ZONE. 🙏🙏🙏🙏🙏 ME 27 YEARS. 😁😁😁
@@rohitmajumder8640 no problem, I assume you have not watched all the videos. Try; 'trading theory solved' video maybe.
Your most important video has the least views… Says alot about the state of mind of traders ESPECIALLY new traders
This information is greatly overlooked - Sadly
Yep :-) People after a winning pattern to riches unfortunately
You deserve 10 millions subscribers but our trading edge will decrease then
😁 I trade very liquid stocks so hopefully not
Thank You for your patience and time for putting this video out… It’s very useful and apt as a daily reminder for a trader (positional or otherwise) 🫡
You're very welcome!