Re: Trading psychology and TA

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

Psychology plays an important role in controlling everything in our life. Our psychology helps us make decisions by analyzing environmental situations and elements. So our knowledge strategy management is all about trading by analyzing our psychology.

Analyzing our Psychology in what way?
Do you imply, Psychology is over than having an edge in trading?

In trading,having the right knowledge and refining it. Will ensure your profitability, in essence build your skill set so that you wouldn't blame your losses based on psychology as other traders.

You can read the thread to have more knowledge about the subject, as traders perfecting the edge is necessary as well as being fucking profitable no room for mediocrity.

It is true that the right knowledge smooths our path to success and influences profit toward certainty. I don't understand why you are not including psychology in that skill set. Psychology affects all our work especially risky work, psychological factors have a greater impact. Agree with you that if we can work together with the psychological factors along with the skill set then success will come but to blame the psychological factors alone for the business loss without knowledge is really a sign of stupidity.

Just let them believe into the things on what they do have in mind because at the moment that they would really be able to experience for themselves about on how harsh this market is then you would really be definitely be able to tell about the significance of these things or simply which is really that inevitable. You would really be needing to adjust accordingly and not really just that simply sitting still into a condition on which you've seen that there's no way that you could really be that progressive. You would be making those adjustments on which it is really just that a common approach that you could really be having.
You would really be needing to combine all the things that you do know which do came from on your actual experience and ideas on past dealings.

Dealing up with volatile market isnt really just that sitting still on TA but also considering with FA too on which this is something that would really be that relevant because you could be able to
apply it into your own analysis and making out some adjustments if you have seen some probabilities in regarding into its potential price condition or outcome.

Coordination is a very necessary and important thing for trading. When it comes to consistency in trading it comes down to knowledge experience statistics TA FA bid price ask price risk management one's analytical ability and psychological factors. So if we can create harmony between all these things I think it will be easier to deal with trading challenges.