Hope/Fear/Greed - Managing Emotions in Trading
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- เผยแพร่เมื่อ 5 มี.ค. 2017
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Hope/Fear/Greed - Managing Emotions in Trading David Paul, Financial Trader and Managing Director of Vector Vest UK comments. If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! We've touched about controlling your emotions in trading - I do a workout everyday and it really helps. Give demo accounts a month or two but then switch to a real money account - virtual accounts lack the emotions - so use a real money account but start very small.
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My biggest downfalls in trading are my emotions and greed. Those two combinations cause me to trade when I shouldn't and stay in a trade when I should get out. which is weird cause I'm usually not a greedy person
This guy is incredibly underselling himself. After watching these interviews i have a lot of respect for him.
Have a plan.
Trade your plan.
Dont trade outside your plan.
If needed, change your plan.
Counteract every fomo habits you have
How this channel doesn't have 100k + subs is beyond me.
Some of the best trading interviews I've ever seen on YT
This David Paul guy is amazing. Wonderful person with vast knowledge of the markets. This interview should be referenced time and time again, for new and veteran traders.
When you have a big position on a winning trade, it often ends up as a losing trade. Because you will end up exiting on a loss when you get hit by volatility. Something a learned in the past.
I agree, I made 20k on a real good trade, I managed to then loose over 9k over 4 weeks. I took a step back, I have been persistent and despite a loosing streak I am now becoming profitable and have learnt huge amounts from the loss and gain. If you let losses make you quit then you do not deserve gains. Education costs money and I can assure you, I have paid for mine emotionally and financially, however technically I only lost 9k out of 20 so the education was free in it's own way. Remember to take profits, soon as the trend bends make sure you END it, do not hope it will bounce back, its game over.
I lost my trading psychology. 😕. Came back to watch him again to remember what I've learnt from him
I believe demo trading is very important in the beginning. I see it as a boxer training for a fight, sure training and sparring are not the same, but you can't go into a real fight without training.
This guy has a lot of knowledge, and seems to be a very pleasant guy with a nice sense of humour 👍
I came here always when fear possessed me fear of open a trade fear of losing my profits to get some energy... emotions are really hard to train it and it won't be trained only if ya trade with a real account. Best of luck to all of ya dear colleagues
3 people aren't in touch with their emotions. Another great talk from Mr Paul, he may be my favourite guest for overall knowledge on this channel, followed closely by Steve Ruffley for philosophy, Mark Sturdy for technical advice, and Francis Hunt for practical application.
This guy is really awesome. Thanks a lot for sharing your wisdom with us.
Thanx UK for these interviews
I love this channel! Amazing stuff
Top man, insightful. The interviewer is really lovely :)
I wouldn't say you stop the thoughts, that just creates more internal conflict, best to let them happen but don't hang on them.
That’s what I do. Put 10% in then build my position depending on where the stock goes
5:05 there is a little secret here. Listen to this bit. It took me nearly 12 years to find this out. He just spelt it out so easily.
Thank you for this video i really need to hear it
Shooting range analogy 👍🏾
That was excellent
Underrated.
Very informative video. Greeting from Angola 🇦🇴
Brilliant Ideas
This is gold
Baby steps. that is myself. Happy to make £20 per trade on 50p
I took infant steps, make 1 dollar on 10p....
Is there a full video on this?
My positive trades ratio higher than losing but still I'm not making profits because when I lose 1 trade, I take 2 trades without proper analysis n that's the beginning of downfall which involves my emotions. Honestly, struggling even now n not gonna give up but this isn't an easy journey to learn n earn but practice has important role also
Nice bird x
After six months of doing active trading strategies so far I already profit over 10% from my orginal investment (is a small operation) but it could have been way better however I screwed it up due to my poor emitonal control, for example I sold Moderna and Disney stocks before they reached their highest gains just because I wasn't patient enough and of course I felt like the dumbest person on earth but as some say time beats timing and I'm here cause I don't want to make that kind of mistakes again.
There are old traders there are Bold traders... Then there's David Paul
This is a class act! If you want more, a similar book is the perfect follow-up. "A Life Unplugged: Reclaiming Reality in a Digital Age" by Theodore Blaze
his speaking in terms of stock but im currently learing how to trade forex and ic can see how this can apply to all types of trading because its all the same just different assets being trades
Babypips...babysteps 👍🏻
My problem is my analysis is perfect, i have ptsd, i freeze up and i cant click on the trade, fear that it will turn against me, even though i have seen so many times i am right on my analysis. I see my set up, i just freeze and dont enter.
That’s all well and good in theory, but all bets are always off for me whenever I’m in it, watching the market move against me is a horrible feeling. Painful
Questions are you prepared to be successful
By using a good Ea your emotions can not blow your account
0:22 (time stamp for myself)
I wonder how his portfolio is doing now.
No one is rooting for the interviewer, very intelligent looking lady with a beautiful laugh
I seriously thought that was AOC 👀
I am here cuz I greedy today
This man David Paul was a great man .
The interviewer however , in a previous interview when asked what the chance of two 50:50s in a row she said she didn’t know !!! He told her a quarter … a half x a half
He later asked her what the chance of three 50:50s in a row were …..
She said I don’t know ❤
Why is somebody of this calibre interviewing a master of his craft ?
It would be like me asking George Bush a question about Iraq and sitting back and when he asks me a question I just say I don’t know ❤
Pathetic really
Lost over 40000 IM NOT GONNA GIVE UP!!!!!!!!😅
WOW, this woman is so infatuated with him.