Hello friend welcome to the #Traderlifestyle
I hope you are very well and thank you for reading my last blog about Why 90% Of Trader fail, thank you for giving a tremendous view. if you don't read that blog must-read that blog first.
in this blog, I will talk about why it is important to know the psychology behind the trade
, first of all, it is important to know what is psychology actually in trading, so psychology is nothing but a reason behind the trade, the reason behind the taking long and short position, the reason behind why you get inter in this trade, so it is important to know the psychology behind the trade.
when you know the proper psychology behind the trade, you get believe in your trade and also able to generate a higher return. I know it is difficult in beginning to identify the psychology behind the trade but when you spend some time with the technical chart, chart pattern, candlestick pattern and the price action chart pattern you will able to identify the proper psychology behind the trade.
Knowing the psychology behind the trade is not enough it is also very important to write your whole psychology, the benefit of writing the psychology behind the trade is whenever you wrong you will get amazing learning and remember learnings the key to the long term growth.
for writing proper psychology behind the trade you should use the notion, this is the backtesting software that is used by most of the traders I have also written a blog about why journaling your trades is important in which I mention how you have to make a proper journal of your trades.
so thank you for reading this blog I hope this blog also gives some value to you.
if you like this blog please do share with your trading community and please leave the common in which topic I should write a blog. follow me on Trading View if you want the current trading opportunity. also, follow me on Instagram, Linkedin, Facebook, so thank you ones again.
😊Stay Tuned😊
💗Happy Trading💗
, first of all, it is important to know what is psychology actually in trading, so psychology is nothing but a reason behind the trade, the reason behind the taking long and short position, the reason behind why you get inter in this trade, so it is important to know the psychology behind the trade.
when you know the proper psychology behind the trade, you get believe in your trade and also able to generate a higher return. I know it is difficult in beginning to identify the psychology behind the trade but when you spend some time with the technical chart, chart pattern, candlestick pattern and the price action chart pattern you will able to identify the proper psychology behind the trade.
Knowing the psychology behind the trade is not enough it is also very important to write your whole psychology, the benefit of writing the psychology behind the trade is whenever you wrong you will get amazing learning and remember learnings the key to the long term growth.
for writing proper psychology behind the trade you should use the notion, this is the backtesting software that is used by most of the traders I have also written a blog about why journaling your trades is important in which I mention how you have to make a proper journal of your trades.
so thank you for reading this blog I hope this blog also gives some value to you.
if you like this blog please do share with your trading community and please leave the common in which topic I should write a blog. follow me on Trading View if you want the current trading opportunity. also, follow me on Instagram, Linkedin, Facebook, so thank you ones again.
😊Stay Tuned😊
💗Happy Trading💗
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