Trading psychology and TA

[johnsaributua]

Trading crypto for me is the same as in general, I mean controlling mentally when money is limited and achievements are to be achieved, I feel how much it takes extra time to restore the mood when psycology falls apart because expectations turn into deep losses.

I learnt that trading is a choice, because even I have achieved instant profits. I choose to take 10-25% of my profit and close from the inside if the dump is about 5-10%, I don't expect too much on the trend that is still on the way and don't expect too much on the price range that is not necessarily happening, I am concerned with what makes sense to me.

Of course it will be more comfortable and free in making decisions. So far bitcoin is more stable than other cryptos, so naturally some whale circles prefer bitcoin. a quieter market makes psychology more awake.

[Asiska02]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.

[shinratensei_]

psychology

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.

psychology literally the tool that the whales use to profit like they are taking advantage of sudden artificial dump to accumulate, and sudden flash pump to make people fomo into giving out their moeny for free to harvest for these whale.

you see the chart of most of coins its full of psychology play, sometime there's dead cat bounce to attract people by taking advantage of their psychology into thinking that the bottom is here but actually thats not true and price further tank and the people that long are the ones getting liquidated, free money for the whales.

pretty much everything in this world just revolve around psychology so trading is not an exception the TA is just a bonus factor to know that something maybe is happening but you can never guess whats truly happening since TA quite literally just trying to make sense of the chart even though it never make sense in the first place but it sort of tool for people to give themselves guideline.

the people that don't believe in psywar int rading are the people that just don't know what they're doing and should know that the TA sometime inaccurate because the entire market chart is more than just some TA.

[Bravut]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.

Do you imply that Psychology is the key in Trading and not necessarily TA; I disagree. TA is more than 20% when it comes to Trading.
Am not saying Psychology is not vital, but Psychology is a crap when you do not have a good Technical edge, the Technical edge is what builds you, gives one the confidence, and also boost your win rate because you already know what you should and should not in a Market, the reason many Traders fail is because they blame psychology whereas they are the problem from there strategy, approach risk management all sucks.

Have an edge before talking of psychology because if you don't it would surely mess with you and incurred more losses. I believe if any Trader accept and judges his trades before entry---- psychology is settled.

[MissNonFall9]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.

It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.

[dunfida]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.

It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.

Just let them believe into the things on what they do have in mind because at the moment that they would really be able to experience for themselves about on how harsh this market is then you would really be definitely be able to tell about the significance of these things or simply which is really that inevitable. You would really be needing to adjust accordingly and not really just that simply sitting still into a condition on which you've seen that there's no way that you could really be that progressive. You would be making those adjustments on which it is really just that a common approach that you could really be having.
You would really be needing to combine all the things that you do know which do came from on your actual experience and ideas on past dealings.

Dealing up with volatile market isnt really just that sitting still on TA but also considering with FA too on which this is something that would really be  that relevant because you could be able to
apply it into your own analysis and making out some adjustments if you have seen some probabilities in regarding into its potential price condition or outcome.

[lalabotax]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my opinion, psychology in trading is one of the factors in determining success in trading. Indeed, risk management, knowledge and the ability to carry out analysis of TA and FA are very important. However, on the other hand, emotional management, in this case part of trading psychology, is also important for us to prepare our emotions and mentality in trading. Because trading makes our feelings, mental and mental burdens sometimes much heavier and like a roller coaster. So, this really requires very good emotional management and control. And indeed, it's not an illusion, in my opinion it's not an illusion, but it is indeed our need to continue to manage and control our psychology as wisely as possible so that we can stay calm, healthy and wise. also during any decision making that is not hasty.

[fauzan Ichsan]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my opinion, psychology in trading is one of the factors in determining success in trading. Indeed, risk management, knowledge and the ability to carry out analysis of TA and FA are very important. However, on the other hand, emotional management, in this case part of trading psychology, is also important for us to prepare our emotions and mentality in trading. Because trading makes our feelings, mental and mental burdens sometimes much heavier and like a roller coaster. So, this really requires very good emotional management and control. And indeed, it's not an illusion, in my opinion it's not an illusion, but it is indeed our need to continue to manage and control our psychology as wisely as possible so that we can stay calm, healthy and wise. also during any decision making that is not hasty.

When I took a trading class, what was taught first was our psychology, after that we went into technical analysis and financial management. After I noticed it was true, to be able to make TA run according to our framework, we must have good psychology, so that it is not affected by price fluctuations in the market, because everyone has certainly felt their heart beating fast when they see the market moving wildly.

[MissNonFall9]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.

It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.

Just let them believe into the things on what they do have in mind because at the moment that they would really be able to experience for themselves about on how harsh this market is then you would really be definitely be able to tell about the significance of these things or simply which is really that inevitable. You would really be needing to adjust accordingly and not really just that simply sitting still into a condition on which you've seen that there's no way that you could really be that progressive. You would be making those adjustments on which it is really just that a common approach that you could really be having.
You would really be needing to combine all the things that you do know which do came from on your actual experience and ideas on past dealings.

Dealing up with volatile market isnt really just that sitting still on TA but also considering with FA too on which this is something that would really be  that relevant because you could be able to
apply it into your own analysis and making out some adjustments if you have seen some probabilities in regarding into its potential price condition or outcome.

Coordination is a very necessary and important thing for trading. When it comes to consistency in trading it comes down to knowledge experience statistics TA FA bid price ask price risk management one's analytical ability and psychological factors. So if we can create harmony between all these things I think it will be easier to deal with trading challenges.

[bitgolden]

psychology literally the tool that the whales use to profit like they are taking advantage of sudden artificial dump to accumulate, and sudden flash pump to make people fomo into giving out their moeny for free to harvest for these whale.

you see the chart of most of coins its full of psychology play, sometime there's dead cat bounce to attract people by taking advantage of their psychology into thinking that the bottom is here but actually thats not true and price further tank and the people that long are the ones getting liquidated, free money for the whales.

pretty much everything in this world just revolve around psychology so trading is not an exception the TA is just a bonus factor to know that something maybe is happening but you can never guess whats truly happening since TA quite literally just trying to make sense of the chart even though it never make sense in the first place but it sort of tool for people to give themselves guideline.

the people that don't believe in psywar int rading are the people that just don't know what they're doing and should know that the TA sometime inaccurate because the entire market chart is more than just some TA.

That is such a low life thing to do and yet whales still do it. Manipulation of the market to make people "feel" something and then doing the opposite to make people lose money while whales gain all of it is not only illegal in most stock cases, but also very shitty in crypto as well. Psychology is something we need to recover, and act more like whales instead, when they want us to sell, we should be buying, and when they want us to buy, we should be selling.

This way we would be moving with them, and not going against them, whales are much better in this game then us. Sure that gamestop thingy made it possible for us to see how it works, and retail investors made some money, but it is not really that common when you think about it.

[Lida93]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

In my not too little engagement in trading, I have realized that your psychology plays the biggest role of you being a successful trader or not. All the fundamental and technical analysis including risk management does not take more than 20% of you being successful in trading. Trading is actually vigorous and will take you a long time to be a profitable one. But the bigger picture lies on you being able to handle your psychology.

I have had experience about it before and those alike have also said the same about trading. You will most time do your fundamental and Technical analysis and also employ proper risk management but your inability to control your psychology (emotions) will make you not to trust that analysis and you end up leaving the trade too early at loss or not even enter the trade at all and regret why you never did when it goes your way. Psychology is important in trading and if you’ve find a way to handle it, you’re 80% success rate of being a profitable trader.

Do you imply that Psychology is the key in Trading and not necessarily TA; I disagree. TA is more than 20% when it comes to Trading.
Am not saying Psychology is not vital, but Psychology is a crap when you do not have a good Technical edge, the Technical edge is what builds you, gives one the confidence, and also boost your win rate because you already know what you should and should not in a Market, the reason many Traders fail is because they blame psychology whereas they are the problem from there strategy, approach risk management all sucks. .

To be  well organized as a sophisticated trader both technical analysis and psychology are in-part very important in leading to a successful win on any trade. You don't rely so much on one and overlook the other, in fact they both work in synergy to put the trader in the right direction with his strategy entering  the market.

A trader can have a great T.A about the market and gets in but ends up losing that trade due to a lack of a strong psychology on his part when the market throws a fake out at him.  You have to be prepared for the two because that's what it takes to win.

[pawanjain]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.

[o48o]

Technical is the representation of fundamentals on the chart the market is runned by policies, market decisions, traders choices. Being good fundamentally and also in TA gives you an edge as we also have traders that rely mainly on Fundamentals.

I don't understand the difference you are talking about Mate and would love  if you elaborate on it, a far as I know the most important is having control over your Emotion because from Emotion streams FOMO, greed which is Psychology we talk about in Trading.

And I point a fact that without an edge, psychology is a crap, one need have a system which suites him and disciplines himself to follow, with proper risk management  he already know that two possible which is profit or lose, this will shaping him to trade without fear because he already has a system he follows. But skipping the process of learning and building psychology will make you keep losing because you understand nothing about the market.

You seemed happily to ignore my question while back and keep on bashing "Psychology", and i still haven't seen you in anywhere even explaining what you mean by that psychology.

And at the same time you are praising TA, like it's some kind of a monolith and just one thing that can be done in one way. It contans various different styles and indicators and idea of most of them working in any level is highly questionable, and most of the time impossible to prove. So please elaborate what in the earth you even mean about TA, especially when some indicators are purely basing on group psychology.

[stomachgrowls]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.

You would really be able to find out for yourself on how things should really be done. Im not saying that you would really be needing to make it use individuall but rather you would really be needing on using up both at the same time. Why? You cant really just focus on a single point at the moment that you would really be doing trading. You cant just think up about TA but rather you would really be needing on getting lined with your emotions or simply with your psychological conditions on which you will really be needing up those considerations too. This is why at the moment that you would really be doing trading then you should really be that focused and of course making use of any possible analysis on which you could really be able to apply into and not really just confidently doing up positions without proper planning.

We do know that this market cant really have anytime to have some sentiment on which you could really be able to apply into and this is why on the moment that the market would be making out some moments
on a random manner without even knowing on whats the reason behind then your approach would really be different on next time.

[tranthidung]

Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.

In my opinion, psychology and fundamental understandings are more important than technical ones because if you have good knowledge about psychology of market cycle, fundamentals of a project, for instance, Bitcoin, then have a good strategy, plan for your investment or even trading, you will have more chance to succeed in long term.

Even you make bad decisions for your trading positions that are temporary in losses, if you don't use leverage or futures trading type, you can hold your positions (in Spot trading type), and wait for opportunity to exit with a draw or better with profit.

If you lack of these things, you will have no second chance to find either draw or profit for your positions.

[Peanutswar]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
~
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Committing a trade is not just you having the budget, the platform, the current state of the market. Also you need to consider your emotions, are you capable of making a trade or not this, might affect your decision making the market is volatile things might happen so expect a ride of emotions too one mistake can ruin your position or even your whole trade. For me psychological state has an impact to a person by this you can easily identify to yourself are you still on the ground to make a trade or you are too much greedy or hopeless to gain profit or just call this for a day.

[pawanjain]

Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.

In my opinion, psychology and fundamental understandings are more important than technical ones because if you have good knowledge about psychology of market cycle, fundamentals of a project, for instance, Bitcoin, then have a good strategy, plan for your investment or even trading, you will have more chance to succeed in long term.

Even you make bad decisions for your trading positions that are temporary in losses, if you don't use leverage or futures trading type, you can hold your positions (in Spot trading type), and wait for opportunity to exit with a draw or better with profit.

If you lack of these things, you will have no second chance to find either draw or profit for your positions.

Strong fundamentals are definitely required because if the fundamentals are not strong then the project can collapse at any time and we would lose all our gain, provided we don't have a stop loss order in place.
Strong fundamentals should be a prerequisite and on top of that we can use psychology and take positions based on technical analysis.
This would give us better profits and more number of winning trades.

[Xampeuu]

Neither technical analysis nor psychology works good when they are done individually.
To make the most out of the trades both of them are needed to be used together.
I have personally carried out both individually as well as together and tested it and it works well when both are combined.

In my opinion, psychology and fundamental understandings are more important than technical ones because if you have good knowledge about psychology of market cycle, fundamentals of a project, for instance, Bitcoin, then have a good strategy, plan for your investment or even trading, you will have more chance to succeed in long term.

Even you make bad decisions for your trading positions that are temporary in losses, if you don't use leverage or futures trading type, you can hold your positions (in Spot trading type), and wait for opportunity to exit with a draw or better with profit.

If you lack of these things, you will have no second chance to find either draw or profit for your positions.

Strong fundamentals are definitely required because if the fundamentals are not strong then the project can collapse at any time and we would lose all our gain, provided we don't have a stop loss order in place.
Strong fundamentals should be a prerequisite and on top of that we can use psychology and take positions based on technical analysis.
This would give us better profits and more number of winning trades.

Fundamental analysis is usually applied to long-term trading. while psychology and technical analysis are needed for short-term trading, by drawing technical analysis we can have an idea of ​​where the market will go next, by having a solid framework, psychology is needed to carry out the scenarios that have been described in the framework, where we have to wait to price enters the buying area and vice versa

[justdimin]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Psychology is a lot more important in these cases, I feel like that makes it quite better and makes someone understand the situation a little bit more. I am not saying that we are going to end up with something marginal, after all psychology has limits to a point, but we have seen people who invest more than they can afford to lose and unalive themselves, think about how radical peoples actions could be, so you never know who you are going against when trading.

I personally believe that we should focus on the TA a bit more, it is not as wavy and it has some good return possibility as well. We should just try our very best and could probably do a lot better with what we have, that should not really be an issue at all.

[MissNonFall9]

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
~
Does Psychology exist or is just an illusion of you not  having the right approach and risk management, fundamentals...that affect your trades

Committing a trade is not just you having the budget, the platform, the current state of the market. Also you need to consider your emotions, are you capable of making a trade or not this, might affect your decision making the market is volatile things might happen so expect a ride of emotions too one mistake can ruin your position or even your whole trade. For me psychological state has an impact to a person by this you can easily identify to yourself are you still on the ground to make a trade or you are too much greedy or hopeless to gain profit or just call this for a day.

This is why wise people say that when a person is emotional i.e. very happy or sad then he should stay away from any kind of decision. Because at that time people are guided in the wrong way which can ruin the whole life of people. So before starting trading you have to judge yourself first understand your own mentality and be free from greed which is very important for proper and beautiful action.