Psychology: important part of trading

Psychology: important part of trading

Psychology has been the science of the human being in a much deeper level. In finance, it’s important being aware that this is an important factor, since the trading has much to do.
This take into account 3 factors:
• Stability
• Mental health
• Discipline
Important? Yes, because these are the abilities of trader to making decisions increase.
Psychological profile
Having a healthy profile we can act properly in trading.
In this area there’re 2 ways to know how it must be true trader according to how see life and how it’s handled:
Winner trader
In life as in trading:
• Goals and objectives
• Observe
• Scan
• Plan
• Determine
• Positive
• Experience
• Don’t fear
• Action
• It falls and’s forced to rise
• Never look back
• Healthy
• Winner
• Undertakes
• Disciplined
• No excesses
• Balance
• Challenges
• Attitude
• Implements
• Handle
• Controls
• Methods and techniques
• Opportunities
• Delegates
• Decisions
• Leader

Loser trader

In life as in trading:
• No targets or goals
• Just look, don’t see
• Not applicable analysis
• Never have anything planned
• Don’t determined
• It risks unprepared
• Negative
• No experience
• Fear and doesn’t undertake changes
• No actions
• Only are bad experience
• Falls and becomes pessimistic
• Trapped in the old days
• Has vices
• There’s no discipline
• Balance? what for?
• No challenges
• Attitude: failure
• Not implemented
• Don’t administered
• Unchecked
• The methods and techniques are boring
• No chance of winning
• Delegate blame
• Not able to make decisions
• Is just a demanding boss

So what? You’re a winner or a loser? Analyzes these very carefully.