The Big Trading Psychology Thread Making or Breaking You
Do you know what's your biggest enemy while trading binary options? No, it's not the big dogs, neither does low volatility. It's actually you, and to be more exact, your emotions. Are you ready to make some improvements on that? Check out these CommuniTraders threads below!
Best Psychology Threads:
Newcomers: Join those discussions if you have any question about trading psychology, open a new thread if your subject was not discussed yet, or simply post it here if you can't find the right answers!
Post Thanks / Like - 1 Thanks
Thanks for the thread! It was very useful to me as I think I am quite impressionable and some things really influence my trading success.
Letting your emotions overwhelm you is a sure way to keep on losing. Being profitable is very much about psychological condition and comfort. You know how they say that you should always get out of your comfort zone in order to achieve stuff? Well, they are wrong when it comes to money.
I hope these discussions will reborn and be active again. They consist of wealth of information on this extremely important topic. When we trade we deal with our psychology all the time and we will improve our results greatly if we know exactly how to deal with psychological issues and problems. Lets the discussion begin
"The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder
Thanks for your most informative post.
this is great, psychology is often the unseen hurdle that can keep you from winning.
"Great Googely Moogely" ... Frank Zappa
By my opinion 20% charts and 80% psychology of trader can cause price movements.
Noticed this thread while surfing the forum and.. yes, a question is coming.
I read that "the market reacts to assimilate and cancel every profitable strategy" and "if more investitors open a cerain position at the same time, the market tends to move in that direction".
1- Isn't this a contradiction?
2- (Stupid question) What if the whole BOTS coomunity opens the same position at the same time? Will the volume reach the critical point to affect the price movement?
1. I really need to see the whole text in which those sentences are written to answer that question..
Originally Posted by Proteso
2. Not a stupid question at all!! Well, I guess it depends on how much money do we all have.... To be able to affect the price of an asset, we'll have to invest millions of millions of $$$ to actually move the markets. The institutionals are usually the only one who are able to move the markets, and it's not definite at all.
Don't believe anything you read on the net. Except this. Well, including this, I suppose. ― Douglas Adams
1. The market is nothing more than people reacting to supply and demand.
Originally Posted by Proteso
So yes, if more people buy apples, then apples will become more expensive thus supply decreases.
Eventually there will be a bigger supply and therefore price falls back again so the buying strategy won't be working
2. Most of us are trading BO, we are not trading IN the market. So even if there was a billion of us
who would trade the same asset and position in the same directing nothing would happen.
OptionHeimer: I am become debt, destroyer of accounts!