Quote from: lalabotax on June 12, 2024, 08:40:25 PM

Quote from: Bravut on February 13, 2024, 09:02:21 AM

I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don't believe in psychology they base there points on having a winning strategy and proper risk management
What's your take guy's...
Does Psychology exist or is just an illusion of you not having the right approach and risk management, fundamentals...that affect your trades

In my opinion, psychology in trading is one of the factors in determining success in trading. Indeed, risk management, knowledge and the ability to carry out analysis of TA and FA are very important. However, on the other hand, emotional management, in this case part of trading psychology, is also important for us to prepare our emotions and mentality in trading. Because trading makes our feelings, mental and mental burdens sometimes much heavier and like a roller coaster. So, this really requires very good emotional management and control. And indeed, it's not an illusion, in my opinion it's not an illusion, but it is indeed our need to continue to manage and control our psychology as wisely as possible so that we can stay calm, healthy and wise. also during any decision making that is not hasty.

When I took a trading class, what was taught first was our psychology, after that we went into technical analysis and financial management. After I noticed it was true, to be able to make TA run according to our framework, we must have good psychology, so that it is not affected by price fluctuations in the market, because everyone has certainly felt their heart beating fast when they see the market moving wildly.