Post
Topic
Board Trading Discussion
Re: Things that influence our trading decisions
by
Strongkored
on 11/07/2023, 03:50:34 UTC
Good day everyone, let's talk about the factors in our Trading decision in terms of psychology. There are many things that affect our decision-making, and that's why sometimes we don't know why we make that decision. Sometimes we are repeating the same mistake over and over. Let's find out the common triggers that happen in our brain that make our judgment poor in trading.
You have a valid point about emotions in trading, fear and greed often make traders not get maximum results and these emotions are also influenced by limited skills in trading because traders who have good skills will not involve too much emotion in trading but will be more rational because they understand that trading is about accurate analysis and calculation when to enter the market and when to exit the market, even though traders will find it difficult to analyze the lower and upper limits precisely, those who already have the skills will not wait below far from what might happen. also waiting on top won't be high than the probability that it will happen.
Social support is good for us to also discuss trading and what's happening so that our trades are not far behind.