Quote from: DaNNy001 on July 21, 2025, 04:23:20 PM

Psychology is a crucial aspect of trading and I think it's important for traders to study this as a course before they think of trading... psychology involves a lot, emotional discipline, mental focus and a whole lot of things included.. building a strong mindset is important if you really want to make progress when it comes to trading, the reason why people do revenge trading is because they can't control their emotions

In trading, taking vindictive decisions is not really logical because you can never win the war with those robots or market conditions. Patience is the biggest revenge. You can lose your money in trading and you can also make profit here you have to take a stand against being mentally weak. I have tried to read the mentality of those short-term traders who show instability to sell when they get a very small amount of profit and spend time trading with small amounts of money. Yes, they gain extensive knowledge about the market but the instability of losing money makes them mentally weak.

Psychology is an important element in every stage of life, you cannot improve overall without its proper application. Starting from financial matters, you should be set to make stable decisions in every place. If we use psychology in trading in daily work, it can take you to a stable mental level and you will not show instability to buy any coins and sell it and will not put many eggs in one pot.