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4) Psychology over day trading
Rating: 4.6 out of 5(21 ratings)
136 students

4) Psychology over day trading

The mental game of daytrading
Created byHesham Kamel
Last updated 9/2023
English
English [Auto],

What you'll learn

  • Day trading psychology problems and solutions
  • Where trading psychology problems evolve
  • Functioning as traders based on probabilities
  • How to look into losses, profits, technical analysis and trading as a business from a professional point of view

Course content

2 sections • 16 lectures • 1h 43m total length

  • Where to begin2:56

    Learn how trading psychology problems arise from fear and greed, and how to harness mental skills to trade without fear or doubt by first understanding how markets operate.

  • Why we face trading psychology issues4:52

    Understand why trading psychology emerges from market structure, participants, and zero-sum dynamics, and learn to frame decisions in probabilities, risk management, and disciplined execution.

  • Thinking in probabilities10:12

    Explore how emotions influence risk and how thinking in probabilities guides long-term trading decisions. Prioritize risk management, use probability concepts, and align fear and greed with disciplined strategies for outcomes.

  • Losses5:05

    View losses as business expenses, not losses, and embrace a growth mindset over fixed mindset by tracking daily drawdowns through detailed trading reports that reveal what works.

  • Technical analysis8:04

    Master how technical analysis fits with market cycles, risk management, and a written trading plan, while recognizing analysis illusion and the role of psychology in day trading.

  • Over Trading5:47

    Identify and prevent over trading by recognizing emotions and enforcing a pre-trade plan with risk limits. Use breaks, a written checklist, journaling, and broker limits to stay disciplined.

  • Over confidence3:55

    Overconfidence disrupts plan execution in trading, as a Nasdaq trade shows deviations cost profits. Follow the plan, scale out, and average down to protect the edge.

  • Types of trades outcome and how it affects the next trade outcome7:17

    Examine how collective trading patterns drive prices and categorize outcomes into good winning, bad winning, good losing, and bad losing, guiding risk management, a plan, and proper execution.

  • Market's vs. trader's edge4:47

    The trader's edge lies in controlling strategy, risk, entries and exits, sizing, and when to stop, while the market dictates price and timing.

  • How beginners and professionals look at trading7:49

    Compare beginners who seek profit from day one with professionals who manage risk, follow plans, rely on probabilities, use mentor-led peer review, and build skill through learning.

  • Asking the right questions3:24

    Learn to ask the right questions to identify mistakes, assess market situations, and build a repeatable process for overcoming problems and maintaining discipline in day trading.

  • Market Cycles8:06

    Explore how market cycles shift with volatility and trend, and read price action from an auction perspective to adapt strategies across four cycles.

  • Stop loss17:47

    Define risk first, align with your plan, and practice patience to avoid emotional trades. Avoid fixed tick stop losses; assess the setup, adjust size, and move stops by market behavior.

Requirements

  • There's no requirements to attend this course

Description

We all want to achieve profitability and consistency in trading, however we need to approach the trading path from the right prospective and healthy mindset, so In this course i will focus on discussing the psychological aspects of trading, mapping problems and offering solutions, digging deep enough at what you face in trading from day to day, we will be discussing the following topics :

  1. Why we face trading psychology problems.

  2. Where does trading psychology problems evolve .

  3. Thinking in probabilities and putting the right effort in the right place at the right time.

  4. How to let emotions work in our favor.

  5. Examples to simplify how emotions work towards risk and money.

  6. losses / profits and technical analysis ( psychology aspects).

  7. Trading as a business.

  8. Types of trades and how they affect the next trade outcome.

  9. Over trading breakdown and suggested solutions.

  10. Over confidence from live trading example and how it can affect your trading plan.

  11. markets vs. trader's edge.

  12. Asking the right questions.

  13. Trading from a professional point of view.

  14. Market cycles and trading in the zone.

The subject of trading psychology is an open subject, so the material here will be updated based on my development and market observation, all information shared here based on personal experience, and working with students.


IMPORTANT DISCLAIMER


Trading financial markets, including futures, stocks, forex, and other financial instruments, involves substantial risk and may result in the loss of your invested capital.


The information, strategies, examples, charts, and trade scenarios presented in this course are provided for educational and informational purposes only and should not be considered financial, investment, or trading advice.


Past performance is not indicative of future results.

Who this course is for:

  • Traders/ short term traders / Day traders

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