Trading Psychology - 7 Tips to Master Your Mind
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- Опубликовано: 11 июн 2024
- Trading Psychology is one of the most ignored components of trading. Here we go deep into what trading psychology is and how mastering trading psychology can help you make better decisions and get an edge. Watch our 7 tips to master your mind and let us know what you think about these trading psychology tips in the comments.
We’re all human and we all have emotions, some of which may be downright harmful to our day-to-day trading activities. So it’s important to be able to leverage the positive aspects of your trading psychology and use them to your advantage. Some of the best trading tips for beginners actually revolve around understanding and gaining control over your emotions.
For example, one of the best trading psychology tips you will ever receive is embracing the fact that losses are inevitable. Once you’ve accepted this, you can react to losses in a more calm and contained manner that won’t cloud your judgment. The same is also true for gains and learning to contain your excitement will also teach you how to improve trading psychology overall.
And speaking of not clouding your judgment, another one of our top trading tips for beginners is to give yourself a break. Mental exhaustion is the last place where smart trading decisions can come from and so you want to avoid reaching that point.
Watch the full video to learn how to master trading psychology in forex trading and in stock market trading. And stay tuned for our detailed trading tips, stock market examples and suggestions on how to improve your investment game.
Give us a thumbs up if you liked our day trading psychology suggestions, and leave us a comment down below with your thoughts on the best trading tips. Be sure to subscribe to the Capital.com channel for further content on trading psychology, forex and more. And hit the notification bell to be informed about our next set of trading tips, forex tricks and other industry hacks.
00:00 Intro
00:14 Managing Risk
01:57 Self-discipline
03:17 Overcome Greed
04:25 Revenge Trading
06:16 FOMO
08:04 Self-reflection
09:03 Rest
09:48 Recap
#Trading
#TradingPsychology
#TradingTips
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David, for me, I really liked your 'slightly different' video, here. You touched on the many points for all traders, new and experienced, to keep mind of. Very excellent sidestep off your normal routine, and surely to help all your followers. Thank you, Sir.
I appreciate that! We see many comments under our market analysis videos with people that a bit too enthusiastic about something, regardless if its going up or down. And many after that share that they've made a loss. So this video will hopefully help them out with keeping a closer look at their own state of mind while trading.
Links to each tip in the video:
00:00 Intro
00:14 1. Managing Risk
01:57 2. Self-discipline
03:17 3. Overcome Greed
04:25 4. Revenge Trading
06:16 5. FOMO
08:04 6. Self-reflection
09:03 7. Rest
09:48 Recap
As a Poker Player (Texas Hold'Em) I was able to improve my game from beginner to an intermediate/advanced player (where I was able to win small non-professional tournaments (150-160 players $5000-$6500 top prize). Now that I am slightly older and I have the time and the interest, in trading stocks. This is what I am now spending my time doing. I see a lot of similarities from a psychological/mathematical perspective between the the two activities (applying a scientific/mathematical approach to essentially a game of chance). Thanks for the video. (p.s. still a beginner at the stock trading game)
Thanks for the video.
Peace to you, Sir.
Great video, thanks as always, for me is very important to remember this kind of tips in order to face a new week, thank you again!
Excellent advice David as I not long ago went through these emotions, the market was out to get me, I wanted revenge and it owed me right now this second. I clawed a bit back but took a large loss but I switched off the computer, put the kettle on and calmed down and in a strange way was glad I lost because I took heed of the situation and learned from it, you learn to improve and trade another day. :-)
For some reason, the beginning of the video reminded me a bit of the little video tutorials on Headspace. Anyway, very thankful you post on the regular. Thanks David!
You're very welcome! Will check out Headspace, must be a coincidence :)
I really liked this one David. Some very helpful tips which I’m learning from experience. Great to have this guidance to compliment the lessons I’ve learned the hard way. Thanks
Great to hear!
Thank you Dr. J.
Thank so much, very helpful!
Glad you feel that way!
Great video. Saved for watching it again and showing it others.
Great, thank you! That's exactly what we are going for with this type of video - coming up with something that is helpful for all types of traders and will stand the test of time.
Thank you very much. Really insightful. Grateful to come across this channel.
You are very welcome. Thanks for taking the time to comment.
Thank you David for great video. I have started trading not a long ago but each time I lose the trade I learn a lot from it. When I started to trade small, risking to loose only 0.01 precent of capital or less I did not felt gread or fear and other emotions and it's a lot easier to trade when you are not controlled by your own emotions :)
Exactly. That's the first part of becoming a good trader - this shouldn't cause fear, greed, anger and frustration. You're on the right path and we wish you the best of luck!
David, can you please do a video where u analyze some of your own trades that resulted in losses. This way we can also learn what u have learned from these trades. Thanks
PERFECT COACH !
👍 Thanks!
Great content! Thanks for the info.
My pleasure!
Thank you, I have learnt a lot from you.
You are very welcome
I really learned a lot from your videos sir, thanks a lot and more power.
Nothing is more important to the proper execution of a trade than one's own thinking & trading psychology is the most overlooked component of consistently successful trading. It's much easier to blame market conditions, but the truth is that the trader is often their own worst enemy. Great content like this is why I'm a subscriber, already looking forward to the next one!
Thanks Ron, we have several ideas in the pipeline but we're also curious about what subscribers like you would like to see? Apart from a more detailed look at risk management, is there any other topic you'd like us to make a video about?
Always clear and to the point.... Thanks for sharing this.... ❤️
Glad it was helpful! Thanks for taking the time to comment.
That's useful information, thank you very much! More videos about risk management will be greatly appreciated.
You got it!
Thanks David, brilliant!
Probably your most valuable video yet for traders.
Trading is 80% psychological and 20% asset picking.
Cheers
Thanks! And very much agreed about the 80/20 split.
Words oficial wisdom. Thank you.
Very welcome
I think this kind of videos are very welcome. Thank you ! More details on every topic are for sure of help. Maybe it sticks to our brains better.
More to come! Thanks for the comment.
Loved this kind of videos. Hey David I have a suggestion for you do atleast 2-3 times livestream a week. Really enjoyed your last livestream Please do more often.Thanks
Noted! Next one is on Friday for the NFPs.
Great format for a video David. More like these would be appreciated.
Thanks keitho77. They're a bit harder to make but from the initial feedback we're getting - I think it's very likely that we'll continue with the format.
@@Capitaltrading Please do keep up the original analysis videos though. Thanks David.
If I had known these tips before I could have more money now. Good video. Greetings from Barcelona!
Glad it was helpful! Thanks for the comment.
Expecting more videos about trading psychology, keep up the good work 😎✈️
Thank you! Will do!
This is very helpful, thanks!
You're welcome!
Thanks!
Welcome!
This is an excellent tips to improve our psychological approach to trading, I really appreciate this and thanks.
Glad it was helpful and good luck with your trades!
Thank you
You're welcome.
Excellent video
Thank you very much!
Really thank you
Happy to help
I really liked this video, can you please give us some tips on how to avoid over trading during the day
Hi David, can i check how do i see the previous live streams that you have done in the past few weeks?
I really enjoyed the tesla battery day and wanted to see previous streams to gain more knowledge, thank you
The enemy while trading is and will be always self, not the Market.
Really needed to hear this after taking a loss of 6000 EUR on hotel stock :( never going in tourism stocks anytime soon
Losses are part of the learning curve. Hotels, airlines, restaurants are all volatile right now and hard to trade. It's not a coincidence we start the video with risk management.
Don’t get discouraged man, looses are very important part of the learning curve
More videos like This one Please Thank you 🙏
We'll see how this one does, but definitely thinking about doing some more. Thanks for the support! 🙌
Capital.com Thank you David 👍👍
Great lessons
And you are great person
Thanks, more of these to come!
@@Capitaltrading thank you
Should have watched this video.. 4 years ago 🙃 This is very important. Good video 👍
Thanks for watching!
@@Capitaltrading My pleasure. Maybe a video on Platinum at some time? Bought some today. A lot of upside looking back.
Make me feel like u genuinely care about your audience..wow!
We do!
Thanks for the video. I really like your broker. Can I use you broker with real money in Germany? Please let me know. Just asking because of taxes. Thanks for your time👌
Great video. For me personally, jumping into trading turned out to be a disaster as I started trading for the first time in February this year. You can imagine how that went. 😅
My biggest lessons are Risk Management and FOMO. Both are very important to keep in mind.
You came into the trading world at a very, very interesting point in time 😀 But you can look at in a different way - despite the losses (we assume you had some) you saw things in the space of six months that most traders need years to experience. Part of succeeding is to take positives out of every situation, both in trading and in life.
@@Capitaltrading Haha, yes. Interesting times indeed.
I did book losses in trading. More than I was expecting. But, as you said, I did learn a lot from it. Hopefully, it will help me in future.
Revenge trade
Called on "tilt" in wsop...
Like always David "GOLD" dropping from you mouth kindly do more video like this a long way ahead to learn from you hoping this journey never ends thank you Capital.com and DJ creating such a great opportunity to tread of various financial assets and show how to be profitable in the markets much appreciate thank you !!!
My moto in life is if I’m afraid to fall I dont deserve the rise 😉
Yep, that's especially true in trading! ✌
Can you make video about Pharmacies for Covid-19 vaccine? Pfizer , Biontech, Moderna, AstraZeneca...Thanks!
As traders, we should always be aware of the psychology, but it’s very important for someone else to remind us. Thank you for the big reminder after a rough week of trading. Truly appreciated!
My pleasure!
Wish I'd seen this video last week 😂🤦🏼♂️
Better late than never! 😉
Fomo, could of not said it better myself DJ. Every rushed trade will be a loss. Common sense and self control.
Easier said than done though! Thanks for taking the time to comment.
Waiting for your Natural gas video
Payment Method Payment Methods
I am the revenge trader 😅
We've all been revenge traders at one point or another 😉
it is all me. last week destroyed my portfolio
Sorry to hear that. Hope this video will hep showing that losses are something many people trading on the market experience and should learn from.
Sorry about that man, follow me on IG @arodney__ I just might have something for you
Don't open an account. You won't get your money back. Plus the platform is not working well. Happened to me that I apparently bought crude and lost 75% of my money invested