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Trading Psychology
Rating: 4.2 out of 5(3 ratings)
405 students

Trading Psychology

Learn the art of handling trades with success
Created byVikash Kumar
Last updated 4/2023
English
English [Auto],

What you'll learn

  • This course will make one know about the importance of trading psychology and why this is the most important thing in the entire trading journey.
  • Will help a trader to make most out of their efforts
  • Not just technical is important , managing their emotions is also equally important as if one fails there, then any learning is of no use.
  • Along with technical, one should also master the art of emotions controlling and what one do to excel at the intended task.

Course content

1 section • 10 lectures • 45m total length

  • 1. Trading Psychology ( The make or break element ) - An Introduction0:57

    Discover why trading psychology is a make-or-break element, weigh the pros and cons, and learn to develop a strong mindset to accept losses and profits in the stock market.

  • Why most people fail here7:59

    Most people fail in trading by chasing quick money and ignoring the learning process. Develop your edge, master risk management, and practice patient market analysis.

  • Lack of knowledge5:45

    Lack of knowledge drives losses in the stock market; focus on price action, charts, and indicators like RSI and MACD. Learn first, study chart details, and reason before trading.

  • Lack of patience4:57

    Cultivate patience to learn the charts and develop trading psychology. Define your risk-reward and protect capital through knowledge and a learning attitude.

  • No control over emotions3:11

    Develop emotional discipline in trading by focusing on entry/exit labels, using stop loss and targets, accepting losses as inherent to the business while prioritizing learning.

  • Controlling fear and fomo4:22

    Master trading psychology by controlling fear and FOMO through knowledge and live-market practice, using candlestick and chart patterns to stay patient and reduce overtrading.

  • Knowledge and practice can be savior4:34

    Acquire knowledge and rigorous practice to navigate up, down, or sideways markets, study chart patterns in live markets, trade at optimal times, and build consistent returns.

  • Invest time in learning5:40

    View trading as a zero-sum game, mastering demand and supply zones, and investing time in learning to gain an edge. Persevere, learn from mistakes, and practice to earn money consistently.

  • Trading Journal4:52

    Keep a trading journal to record each trade, the entry rationale, and risks, note observations, and manage fear and FOMO to reduce overtrading.

  • Conclusion3:42

    Follow the long cut, not a shortcut, embracing pain, learning, and patience as you move from basic to advanced labels, manage risk, and trade money you can afford to lose.

Requirements

  • Its for beginners as well as for advanced learners.

Description

This course has been designed post lots of observation. This will provide as a guide to understand the risk in a financial market and what one should do to gain maximum out of their effort and how they can consistently make money from the market.


Post going through this course and doing the necessary changes one could be able to attain mastery in their skills and they can have newer dimension and add a host of fine techniques to their trading journey. Trading as a skill cannot be developed in a day or two but it involves a process and have to go through lots of learning and then only one can have edge over others.


The problem in this fast moving world is that , people only see the outcome but they fails to see the involved risk as this is where a successful market trader comes into play.


A successful trader is outcome of years of observations and practice. He knows how a market moves and he is well aware of the different risk involved and how to trade in such markets.


Trading in stock market or any index is similar to driving a high speed car where a driver have to take quick decisions and in a shorter period of time else he is destined to fail. This short and brief course is an attempt from myside to help traders be successful in their journey to a brighter trading experience.

Who this course is for:

  • Financial trader and investors
  • Stock trader

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