Trading Psychology

Two decades of trading commodities and Equity markets. Made every mistakes possible and learnt key lessons from the same. Will share/discuss markets/psychology.

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Do you feel you end up staring at the trading screen every day looking at the price movement and are losing money? Read below
#Trading #tradingpsychology #stockmarkets
A Thread

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Your emotional state plays a very important role in being consistently profitable. Being calm during market hours when you are executing your planned trades and ignoring the need to execute the unplanned ones takes practice.
#tradingpsychology #stockmarket #Trading

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Do you wish to be a successful trader? Work hard on understanding the basics, learn from every possible source and use what suits you. Don't just hope, but work towards becoming a trader. You will succeed eventually.
#Tradingpsychology #stockmarkets #stockmarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

We have chosen one of the toughest profession. Don't let the very low entry barrier fool you. You need to be mentally strong to take the losses in your stride. Be disciplined, Learn from everyone and work hard and smart.
#tradingpsychology #stockmarkets #stockmarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

To trade and execute consistently year after year and make money you need to protect your emotional and financial capital. Follow proper risk management and position sizing.
#Tradingpsychology #breakoutstocks #stockmarkets #StockMarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Trading is one profession which shows our shortcomings immediately and glaringly. Work on them, Improve on them, learn more and more. Learn from everyone. Use what suits you and make a mark of your own.
#Tradingpsychology #stockmarkets #stockmarketsindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

We are trained to be hopeful from our childhood. In trading being overoptimistic and hopeful when things are going against you is the worst trait one can have. You should start with how much will I lose if this trade goes wrong?
#tradingpsychology #stockmarkets #StockMarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

The important word here is perseverance. And more important is continuous improvement of self and trading skills. It takes years of hard work and dedication to be successful. Ask yourself everyday. Am I putting the effort?
#Tradingpsychology #stockmakets #stockmarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Put in consistent efforts. Be very very very careful when you are in a winning streak. That's when your mind will make you think as a trading God. And you will face the biggest loss post that. Learn every day and be humble.
#tradingpsychology #stockmarket #StockMarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Don't jump from one strategy to another. Study one or two setups in detail. When do they work? and most importantly when it doesn't? what will you do when it doesn't work?
#Tradingpschology #stockmarket #stockmarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

I accept trading carries risk. I accept I will go wrong multiple times. I consider my trading capital as the most important part of my business. So I try to protect it at all cost. I use stop losses and not my ego to be correct.
#Tradingpsychology #StockMarket #stockmarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Be humble. Work hard and be a better trader every day.

#tradingpsychology #StockMarket #StockMarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

You don't need to trade each and every moment. It is ok to miss few days or few trades. Market will always be there. What you need to do is plan your trades, follow your plan, manage your risk and protect your capital

#Tradingpsychology #stockmarkets #SGXNifty #stockmarketindia

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Its very difficult for traders to not have ego. It gets boosted when you are in your winning streak and it gets hurt when you lose. Higher the ego bigger the loss. Train yourself in risk management and position sizing. It removes most of the ego attached.
#tradingpsychology

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Our brain says the opposite. We hope on losing positions and we fear the profits will evaporate. Practice the reverse.
#tradingpsychology #stockmarkets

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Accepting few facts in trading helps in a long way.

#tradingpsychology

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Your emotional bias about being right is not a good trait in trading. We will go wrong many times. But if you have few good setups with proper risk management and position sizing you will be successful in the long run. Finally it is more about making money.

#Tradingpsychology

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

Its very easy to get complacent and overconfident in trading. The biggest loss mostly comes after a big gain. Be humble, be patient, be consistent, be disciplined and be successful.
#Tradingpsychology

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

It takes time. It takes immense Practice and Patience. It will drive you mad many times. But if you develop the required traits it gives you the freedom no other profession can.
#tradingpsychology

[Anandd Siva Kumar, CMT, EPAT | TraderPsyche @RAAInvesting]

You will go through each of these emotions. Have a plan. Stick to it. Manage your risk and position sizing. This will help you overcome most of the emotions experienced.
#tradingpsychology