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Things that damage Psychology

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Things that damage Psychology in Forex Education_xx
Discipline against SL is easy to shake or break because of
emotional factors. Especially repeatedly touched by SL successively.
There are 2 points that I emphasize here:
1. If SL hits repeatedly, the trader has emotional limits,
  what do you do after getting SL? STOP !! don't
  open immediately, but analyze the next opening again.
2. If you continually hit SL successively by comparison
  more than 1: 5, reconsider deepening
  technical and fundamental analysis, because it's most likely
  the error lies in the wrong analysis.
Not using SL is not a solution. In the analysis method, the solution is. If a trader is stressed because of SL,
it will be more stressful if you MC. Why?
MC not only damages the wallet, but also damages mentally
and psychology, even dangerous for the soul
how to trade without SL?
  - you can, with other MM methods like Martingale,
    hedging, averaging, etc., but this will drain equity,
  - With a hedge fund manager (big equity) system ...


Linkback: https://www.forex.zone/forex-education/29/things-that-damage-psychology/2869/
#1 - November 19, 2019, 12:04:41 PM

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Your writing is very interesting and it seems like you have a lot of experience in trading. I prefer to use stop loss in trading because it makes me calm
#2 - November 20, 2019, 02:08:08 AM

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Maybe if stop loss is often hit even in succession, novice traders can't be blamed because in terms of psychology it's still easy to shake and it's normal, but don't give up because of being hit by SL in a row meaning we have to correct mistakes and only need to improve our trading strategy.
#3 - January 23, 2020, 10:52:01 AM

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Actually a lot of things can damage psychology, especially if a trader can't control the condition properly then emotions and psychology will tend to be volatile and make trading feel chaotic, the risk automatically increases.
#4 - January 25, 2020, 03:09:15 PM

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In my opinion the worst thing that damages psychology is undisciplined, indiscipline will make our psychology disappear because in trading we do not have definite guidelines for example when applying risk management and when obeying rules.
#5 - January 27, 2020, 10:24:18 AM

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The thing that damages the worst psychology in my opinion is greed, greed will have a very bad effect on our trading behavior in the future and it will affect our mental and psychology as a whole which can pose a great risk in our trading.
#6 - January 27, 2020, 11:08:42 AM

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In my opinion, the biggest thing that can damage psychology is that it often violates the rules, if a trader often violates the rules it means he is undisciplined and all trading activities he does are only in vain because he often repeats the same mistake. So basically avoid that attitude if you want to succeed in forex.
#7 - January 27, 2020, 12:13:43 PM

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Practicing psychology is very difficult especially if we ignore things that can damage psychology, then psychology and good mentality will be difficult to form. So we must know how to avoid these things so that we can train our trading psychology well.
#8 - January 27, 2020, 04:46:44 PM

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If we know the importance of psychology in trading, we must avoid all things that can damage psychology as already mentioned, all of which are indeed very dangerous things to do especially if done too often when trading.
#9 - January 28, 2020, 05:49:38 PM

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keeping psychology is not easy because there are many factors that prevent us from being able to control our psychology well, after all the things that damage psychology must also be avoided as much as possible.
#10 - February 04, 2020, 03:39:32 PM

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very dangerous if we ignore the psychology of trading because everything that can damage our psychology must be avoided and anything that can support us in learning to control psychology must be maintained and disciplined.
#11 - February 05, 2020, 11:43:16 PM

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avoiding anything that can damage the mental and psychology is indeed the job of a good trader, so we really need to be able to minimize things related to psychology and can destroy psychology.
#12 - February 08, 2020, 03:56:06 PM

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Some things that damage the psychology that you have mentioned are indeed quite dangerous if not anticipated immediately because things that damage psychology are the main cause of our failure in forex trading.
#13 - February 09, 2020, 10:55:48 AM

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Such a damaged psychology is an internal factor usually due to a lack of trust in technical analysis and is often exposed to SL, what needs to be done is to improve the trading system.
#14 - February 10, 2020, 02:42:31 AM

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there are many things that prevent us from developing and practicing our psychology including those that you have mentioned but in my opinion the things that can damage psychology are indeed the most dangerous.
#15 - February 10, 2020, 06:21:44 AM

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