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.
We are just humans after all on which it will really be giving out that kind of effect on the time that we do feel up these things along the way specially if there would really be sudden news and it would really be giving out that kind of idea that it might really be stirring up the market condition once again, once these kind of assumptions would play up into your mind then you would definitely be having that kind of thinking that you should really alter out your initial decisions or plans on which it is really that a common approach. Those things listed on OP are really that indeed part or possibilities on why a certain trader would really be able to fail up on following
up their plans but of course not all alterations would be ending up on negative because there are sudden changes which it did make out the right call on doing so. Not all would really be ending up on a disaster
but rather it would really be giving a good call on sudden change.