UrbanPro
true

Learn Stock Market Trading from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

Trading Psychology

Ignatius Bose
19/05/2017 0 0

How often have we come across traders who have encountered losses after having entered into trades which were extremely profitable or traders who shy away from initiating or delay in placing trades even though the market indicators are suggesting so? How often have traders been very successful while trading demo accounts and performed quite the contrary while trading real- time accounts? How many times have we heard stories of traders who have wiped their trading accounts clean because they failed to cut losses?

All these questions lead to a larger debate; the characteristics and the role of trading psychology leading to a successful trader.

Trading psychology refers to a trader’s behavior or perception when actively trading the financial markets; A trader can either follow a set trading plan, irrespective of market conditions and external factors, which could ultimately lead to a high ratio of profitable trades and cutting losses short OR indecisive actions leading to trades not being initiated and profitable trades resulting in losses.

The attributes to successful trading is the ability in displaying the right psychology, keeping emotions in check as far as possible and following a pre- determined trading plan and not worry about the outcome in the near- term.

Traders ought to be open to new ideas and innovative thinking, even if they have developed successful trading systems, they should connect with other traders and exchange views which could be mutually beneficial.  

Trading behavior is not limited to beginners, as even experienced traders often deviate from their set trading beliefs, resulting in their downfall at some point in time. The primary reason traders find it difficult to change their behavior could be the result of extreme or over confidence in their abilities or the lack of it, impatient in exiting a trade, while others could be governed by emotions such as greed and fear. The very few who make it are the ones who keep their emotions in check, follow the trading curve, day in and day out and are not affected by the factors mentioned earlier.

Trading in the financial markets is never easy and traders, both fresh and experienced will vouch for it. Trading is a skill and only those traders who are well prepared with a plan and go that extra mile in implementing them will be successful. 

0 Dislike
Follow 0

Please Enter a comment

Submit

Other Lessons for You

Stocks to Watch on Jul-07, 2020
Hindalco:(CMP - 154.35) Bullish Target 160 / SL@152 VOLTAS: (CMP - 566.50) Bullish Target 585/600 SL @ 552 TITAN:(CMP - 1014.20) Bullish Target 1050/1055 SL @ 992
N

Ninad Deshmukh

0 0
0

What's the biggest mistake people make when getting started in the stock market?
DON'T DO MISTAKE - INSTEAD OF BUYING STOCK BUY STAKE People make lots of mistake when they start their trading journey. Like , Lack of knowledge - leads to disaster ( Instead of learning about...

Is it a good idea to buy stocks that are falling?
Should You Buy Stocks That are Going Down? Buying stocks in the stock market can be tricky. Some people wonder if it's a good idea to buy stocks when their prices are falling. Let's break down the...

How much can you make in options trading in nifty with a 50k investment in a month?
First of all OPTION TRADING seems very interesting and exciting for a beginners because the investment is less in comparison to fut or equity and even the % moves are more than these two platforms. Understand...

Stock Market Trading Tips
In this video, you'll learn about Stock Market Trading and Investing with examples. It will enlighten you on how and where to invest your money if you are planning to start trading.
X

Looking for Stock Market Trading Classes?

The best tutors for Stock Market Trading Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Learn Stock Market Trading with the Best Tutors

The best Tutors for Stock Market Trading Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more