Most traders experience similar thoughts patterns and emotions on the charts. your psychology and your mind-set represent 70% of your trading performance. So smart thinking and discipline is more important than your strategy. That's why controlling it is what makes you profitable and successful.
Range of emotions that can impact your trading:
1- Doubt:
It comes...
Hope this idea will inspire some of you !
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Kindly,
Phil
This topic has not to my knowledge been covered on Tradingview before now.
I specifically explore ' unethical trading representations' and explain in the limited time what that means as a concept.
To be absolutely clear, I am not asserting that every paid-for service or representation is unethical or illegal. What I am saying is that new traders and the...
In this screencast I explore dissonance theory. Some don't know that trading is very little to do with charts and indicators - and terribly more to do with psychological matters that affect our decision-making. Seems a bit strange as my charts are usually covered in indicators.
I share lessons learned. I explore what the mind does when an alternative perspective...
In this educational screencast I answer some of the issues I've been asked about by new traders. I emphasise in that profitability it is not mainly about methodology or indicators. It is about something pretty nebulous and unseen.
This post is compliant with Tradingview's house rules on text based posts.
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In this video I will be going over a swing trade from this week and breaking down how this trade could impact a trader's psychology both positively and negatively. I also cover some easy to implement strategies that will make it much easier for you to let your winners run.
It really bothers me how little attention seems to be devoted to trading...
In this screencast I share some of my own personal journey which I suspect may resound with many a struggling trader out there. This post is in keeping with the house rules on text-based analyses, and psychological self-analysis is the biggest most important aspect of trading. It is clearly in the category of 'Beyond Technical Analysis'
I had been thinking for...
Join me - to boldly go where 'no man' has gone before. This is the Final Frontier.
I take on the big issue - head on.
This is the one that is more likely to make the biggest difference to achieving consistent profitability.
I assert that it technical and fundamental analysis are not most important issues in trading - at all! If 'everybody' could simply do...
I explain in the screencast why I think 'crash' is an irrelevant issue.
It is impossible to know whether 'we're in a crash' because a crash can only be discovered well into into it or after it has happened.
True trend-followers will appreciate that all one can do is find a suitable trend - and follow it. Simple but I didn't say it was easy. In fact I will...
This is well beyond technical analysis - into the domain of human psychology.
In this video I theorise on exploiting FOMO - which is psychological phenomenon - instead of just being a victim of it. I look briefly at Ehterium as well.
An important thing for all markets is that the point of greatest fear is also the point of greatest opportunity.
Please note...
In this educational content video I had to cover one the biggest noob trader mistake, trading with too much leverage.
That's basically what flushes out almost 80% of the noobs. Getting the margin call, putting more money into trading than you initially expexted.
All of this is well known as gambling problems. And the recent flow of beginners who went to the...
This is about psychology - that 'no-go' area. In this video I explore negative emotions from different aspects. I look at how emotions are connected to risk and risk management.
Avoidance is connected both to risk and emotions.
I say that the biggest part of trading is about separating emotions from the objective assessment of risk
In this video I give a few minutes of preview before discussing what I see on this weekly time frame. Bear with me as you'll see where I'm heading.
In the second half of the video I show how I estimate the big probability from the weekly time frame. I'm not interested in being right in this. That's not what I want to get across.
Whilst technical analysis is a...
I'm sharing a chart to give my sentiments about listening to the news. New traders especially tend to listen to the news and website opinions about where markets are heading. I show a bit on how I approached a particular situation on the US30.
A lot of news is late and people who create news items or blogs have their own biases, based on the information they...
