3 Common Psychological TRADING Mistakes
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- เผยแพร่เมื่อ 15 พ.ค. 2024
- 📣 FREE OPTIONS TRADING MASTERCLASS | skyviewtrading.co/452Ycva
A large part of successful trading comes from mastering your mind and your thoughts. Sadly, many traders are making psychological mistakes and don’t even realize it.
Let’s talk about the 3 most common psychological mistakes traders make… We’ll also include some suggestions for you if you are struggling with any of these.
Happy Trading!
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What are options?
Excellent Video. This helped me a lot.
The competition is on and every trader wants to be the best and successful but the truth is not everyone can be successful in trading. But I think forex trading, and crypto currency investment still remain the best option for now
Is there a discord room as well?
How to create this type of videos..
Which software is used
*1). Fear of Missing Out ( FOMO )*
*2). Revenge Trading*
*3). Gamblers Fallacy*
Revenge need to get what I’ve lost
Win or gain
"the stock market is not a place for weak emotional people" i felt that😥
Never chase a green candle... you’ll never catch it. - that lesson has been valuable to me over the years.
Wdym?
@BASE Could you Eloborate ???
Don’t chase a stock
No you fkn idiots ... hes saying don’t wait for SONM to go up to $2-$3 before buying it... BUY IT NOW AND HOLD IT.
Buy the red candles or DIPS and HOLD
I’ll elaborate my foot in yer as
sadly I tried to build my mind but i still needed assistants and today i am happy with the growth of my portfolio
nope , for now '' Mack Daron Wilson'' is the pro who does if for me
thank God i invested early enough , I now enjoy my dividends while I still learn more about stocks
Crypto is the future 👌 💯
I have been watching some videos and I was thinking about investing, but still don't know where to start from.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
Most people are scared because of the chance of loss incurred while trading
@@jacobmasons5536 I believe your view about forex trade
what strategy do you use please?
it not about creating space for doubt, but about realising how much you would have made with the period you where entertaining doubt
now is the best time to invest because of the high profits rate in the stock market
if opportunity doesn't knock, build one for yourself. A motivational speaker ones told me
"The key is in your hand, you have to decide to make that changes in your life now or your remain stagnant with your current status of life
The success behind my profit making & earning in bitcoin investment does not hang on my skills but by the help of an expert who's trustworthy.
The importance of professional mentorship of a manager should be the first step of trading.
“ make sure your worst enemy doesn’t exist between your ears “
Powerful statement sir . Great video
Yes! Thank you!
Stumbled upon your video and look forward to seeing the rest of your channel. Hope you make more videos soon. The way you explained your 3 examples kept me interested and made it feel personal.
I was a revenge trader. I stopped trading and started educating myself before i start again.
What broker do you use? was it in the thousands?..im about to start trading but dont want te get charged more than i profit.
David Viveros use iq option
@@shahirs.243 What is the website so i can see their deals..im paper trading with Think or Swim at the time
@@shahirs.243 Iq sais the USA can't trade through this broker
Revenge trading is brutal
The secret of your future is hidden in your daily routine. Successful people do daily what the unsuccessful only do occasionally
People are scared of investing because of high rate of scam in the business
There are scammers but real brokers are out there for investors
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mr scott butler
He helped me recover what I lost trying to trade for myself.
My first withdraw with expert Mr scott butler gave me a profit of over $20,000 US dollars and ever since then he has never failed to deliver and I can even say he's the most sincere i I have ever seen
Runescape duels made me understand gamblers fallacy.
Bro this is legendary. I forgot runescape had it's own "stock market"
Lmao BIG FACTS!!!
Gta has a stock market too which i lost to much money on
Lmfao I was playing runescape as I read this xD
+1*3*3*9*2*5*5*1*8*4*4*Just invest and watch your profits grow daily.
This is one of the best piece of trading advice I have ever come across. A very big thank to you.
great video!
when I first started out (with covered calls), I was doing FOMO big time! lucky I realised it in time.
Psychology is almost everything in trading. I can see it every single day.
Psychology is everything in everything. How we live our lives and how we interpret information is how we make our personality. Gaining control of your psychology will make you a better person in all fields.
Aaron Smith yes, absolutely 👍
THIS IS NOT REGARD TO STRATEGY, SCAMMER!
@@AaronSmith-yz2lh except day trading lol
Stfu you Bots ^^^^
It is so easy yo understand you, which I love ... I will be getting a membership soon ty
I have been a FOMO trader and I just realized it.
Me too bro!!
I’m such a fomo
FOMO 🙈
🤔
@@mwcohen lol I'm diying
Emotions are the worst enemy of people who want to become traders. Some traders try to see trading as a game where they try to beat the market, and then when they start losing, they feel overcome with disappointment.
Nice to see you're back. Looking forward to more vids!
Many more in the works right now! We'll be back on a more regular upload schedule this year. Been busy building out our services and education for our members for the past 10 months or so.
Thanks for update this video and This is one of the best piece of trading advice I have ever come across. A very big thank to you.
Needed this thanks 🙏🏾
00:21: F.O.M.O Trading (Fear of Missing Out)
You trade because of external pressure from observing others
03:40: Revenge Trade
You emotionally trade after losing in hopes of getting back loses
06:05: Gambler's Fallacy
The emotional miscalculation or assumption of the next trade due to the previous trading pattern
TIP: Don't be emotional when it comes to money
Done both.
Totally true
I love this Mr Thomson he's strategies and methods, I was able to withdraw $13,500 in a week, there is more to the system than the eye sees sometimes, sometimes this videos don't really help much as they end up confusing you more. When I came across Mr Thomson the confusion ended.
You can contact him through this WhatsApp number 👇👇
+44 7.4.3.5.5.2.6.9.7.8
Tell him I (Anthony Bossman) referred you so he will know you came for business
If you want to be successful have the mindset of the rich spend less and invest more don't give up your dreams,
Crypto is the future 👌 💯
lol I've suffered from FOMO, and 99% of the time I've always played myself. Thankfully I got over it after some minor losses.
Thanks Man!!! Must say I fall under all of those, will surely work hard to fight em..
Enjoyed the video and subscribed. Apparently I had 2 of the 3 symptoms. Thank you so much for pointing this out!
Thank you! Glad you enjoyed it!
Glad to see you guys back! and great video!
Thanks, Oscar!
Your videos are THE best I have ever seen. Please post frequently.
Thank you! Many more videos in the works! :)
How many millions of dollars did you make so far?
Definitely one of the things I needed! Thanks for the enlightenment yo
Can’t believe this is exactly what I felt
Thank you 🙏 for making me aware
Had serious losses for the past 3 weeks due to my own overconfidence and crazy previous wins... Got all the answers from this video. I knew something was wrong with me psychologically too. Thank you for this.
I needed this right now
his is one of the best piece of trading advice I have ever come across. A very big thank to you.
Thank you very much! Great video 👍
This was an amazing video. I thought it was going to be some clickbait uninformative video but it was great. Thanks man!
If you're gonna clickbait, you gotta at least deliver! haha. Glad you enjoyed it! Make sure you check out our other videos and also subscribe. Helps support us so we can keep making more videos! :) Thanks!
Will do man! Nice job!
Please make more videos you guys are really helping me learn this
Kevin Flanagan you could learn faster and begin trading. talk to Allan via Allan_turbo binarytrader@gmail.com
Thanks for the your information and nice video keep it update
Thank you for your help and advice.
This video is literally a gold mine. Thank you
Thank you!
This is just an amazing and well informative .Psychology is almost everything in trading
Really helped me greatly. Thank you for sharing
It's a quite unsafe misconception. There is nothing psychological in trading.
I actually like this channel, keep up the good work🤝🏽
This was useful. Thank you. Just subbed
I had FOMO when GME was at its peak. Luckily I was broke, and saw that the peak ended a few days later. Sometimes being poor is a good thing.
Then unexpectedly on the 25th, I made it all back with the few shares I was able to get, short squeeze or not I love Gamestop, plus they have the former president of NA Nintendo, Reggie, as part of the board of directors. Looking forward to how things develop.
I had FOMO when I started trading. After huge losses I cure myself and for that reason, I missed GME peak. I saw the stock when it was $80 bucks, but I thought it will drop so hard that I didn't buy any, but it went over $400 lol. I don't have any FOMO now bc I just think there are many opportunities out there
Lol hope you changed your mind about it or didn't sell your position yet!!
Crypto is the future 👌 💯
truly said...FOMO, revenge trading, gambler's fallacy are the ones giving me constant losses
shaphaba s my own words friend.
Thanks for helping with my gambling problem. I can honestly tell you that this video (and your options videos) have changed my life.
Thanks, the best video I have seen so far for the stock market beginners, I really appreciate, thanks.
i relate to all those three. need to practice more and improve my mindset
I love this Mr Thomson he's strategies and methods, I was able to withdraw $13,500 in a week, there is more to the system than the eye sees sometimes, sometimes this videos don't really help much as they end up confusing you more. When I came across Mr Thomson the confusion ended.
You can contact him through this WhatsApp number 👇👇
+44 7.4.3.5.5.2.6.9.7.8
Tell him I (Anthony Bossman) referred you so he will know you came for business
Hit me up Directly for financial advice on how to invest and purchase any car of your choice
W/H/A/T/S/A/P/P
+.1/6/1/6/7/9/4/8/2/1/4
I/N/V/E/S/T IN B/T/C
AND E/T/H
In other to have a good net worth you need to invest in your time, when money realized that it's in a good hands it will stay and multiply in those hands.
All our dreams can come true, if we have the courage to pursue them.
Especially investing in bitcoin and ethereum, The secret of getting ahead is getting started. I can testify that I have earn a lot from bitcoin.
This is best investment qoute ever.
When I was young I thought that money was the most important thing in life; now that I'm old I know that it is
@@nazminhadi5763 hehehehehe
The high liquidity associated with (crypto) currencies make it a great investment vessel if you're looking for short-term profit.
Great simple advice for new traders. Brilliant. Not enough people shine a light on trading psychology.
Thank you so much
It was helpful.
“Revenge trading” That has affected me hard than anyone can imagine Lol. This vid is great for new traders
Irrespective of what you do, a cash flow system that earn you giant income is necessary
It's important to have different sources of income
Profit rate of bitcoin is high and now is the time to invest
Many become millionaires investing
I'm satisfied having Mrs Stephanie A. William as my investment manager
I earn maximum profits investing in her platform
Thank you for making my day, God bless you, it went straight to my heart! deep, thank you so much for highlighting this :)
I love this Mr Thomson he's strategies and methods, I was able to withdraw $13,500 in a week, there is more to the system than the eye sees sometimes, sometimes this videos don't really help much as they end up confusing you more. When I came across Mr Thomson the confusion ended.
You can contact him through this WhatsApp number 👇👇
+44 7.4.3.5.5.2.6.9.7.8
Tell him I (Anthony Bossman) referred you so he will know you came for business
Thank you so much.. ...it helps a lot
Thanks for touching upon this and seeing from the comments, it’s nice to see it’s not just you, but it happens to everyone
Well said!
+1*3*3*9*2*5*5*1*8*4*4*Just invest and watch your profits grow daily.
Investing in crypto now is very cool,especially with the current rise in the market now.
My favourite is buying high selling low
Mine is buy low, sell lower
mine is get getting liquidated
🤣🤣🤣
Mine is buying on the dip, except the stock is on free fall.
@@vitelaCG yeah i got that yesterday when gold for 1724 to 1717
Finally found a person explain so easily. Thanks for the video.
🔥🔥 thank you very much for the crucial information 💹💰
I just started Forex trading, and I'm getting crushed right now! I am falling victim to all of these traps. It's a learning experience that hopefully doesn't last too long or cost too much. It's definitely good to hear these reminders!
Amazing! I´ve made all these mistakes and I lost a lot of money. The soluctions you gave really work. Thank you.
R u still losing?
I was so proud that I was a debater when you said #3 since I already knew what the gambler’s fallacy was. Great video!
Subbed here from #1 & #3 mistakes. Looking forward to more good videos!
Thank you for this video,,,, sounds like me
It’s much of importance I appreciate the insight
Same here
Am bit new to all this , am just wishing to catch up with the financial market
With the state of economy now man's really got to invest in some digital currencies. It's been quite lucrative
I wasn't expecting to see his name been mentioned, wow I have heard so much about prof Nathan and his success as a TTS trader
You gotta love the message boards on stock trading, it's hilarious 😆
So many bots haha
I had to learn all of these mistakes by losing money. Now I know better and invest on my own opinion.
Thank you. This is eye opening.
brah this should be played to everyone before they invest!
Investor and trader are different!
+~~~1~~~3~~~3~~~9~~~2~~~5~~~5~~~1~~~8~~~4~~~4Just invest and watch your profits grow daily.
Great video. This should be viewed everyday at the start of a trading day by people who wish to trade for a living. Watch until you can see each rule clear as day.
Jonathan C unfortunately for people to make money, people need to lose money. Until these crytpos become regular ways to make payments, this exchange will be person vs person
I can not agree more Jonathan.
I don't recommend traders to enter after the breakout of a range because most breakouts are fake and you can lose lot of money .I personally wait patiently from a pullback to make sure that the market is going to go up or down then i apply the method of the Blended Model to win the market in an hour trade. If you got questions feel free to ask me here or search for this method online is invented by Dmitry Vladislav.
Don't panic these Assets can make you rich Stocks Real estate Silver and gold Etc...
I find your channel very informative. Thank you.
Thanks for the video it will really help.
Thanks for a very basic starter lesson. As someone who started trading 3 days ago. I appreciate the simplicity of this video. I have already made 2 mistakes out of the 3 and it has been a learning lesson eventhough im only using insignificants amount of money.
Glad it was helpful!
I would agree with this 3 years ago now TH-cam controls the market.
I enjoy your very enlightening videos. Thanks!
Wow your video is so great ! Much appreciated fella !
Very nice video, "You win some - you loose some .As long as outcome is INCOME" . I think this is the greatest saying of the FOREX world. Thank you once again. Sir
Thanks for the support!
Super useful. Let me recall, avoid:
Fear of missing out (FOMO)
Revenge
Gambler's fallacy
Awe man, YES!!
There is no way to avoid these things.
The solution you give for FOMO is amazing. I joined a trading discord and I have never related to something more true, than what you just said. Thank you :)
Thank you for this confermation.
I've been guilty of all three mistakes lately. Great video and great advice. Thanks!
Get a good therapist first. It is nothing to do with trading.
I'm new to all this forex trading of thing and i met with this broker (Gregory Olson), he makes me just $1000-$1500 weekly from a 10k investment, i honestly don't feel contented with that..
Profiting from the forex market requires a lot patience, believing in your technical analysis & risk management. That's how it works.
That's the problem with most beginners and that's why a lot of them get defrauded, they seek get rich scheme, trying to use 10k to make 100k in a month. hilarious!
stick to your broker if he's consistent with the 1k weekly or increase your investment, it'll definitely increase your returns.
the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed. More than 50 trials will give you a NON FALLACY.
The Law of Large Numbers is actually one of the first concepts we teach in our Trading Course. You are 100% correct - the more trials you have, the more likely your actual results will mirror the expected probabilities. However, it's important to understand that the actual results don't merge towards the expected probabilities because of some balancing force at work. It merges towards the expected probabilities because there is more data to average into.
But yes, rolling 60% heads and 40% tails is much more likely with only 10 trials than it is with 100 trials. You're right on point.
Well thanks for this after taking a loss today after being so much I went all in and the worst happened. So this made me understand a bit.
Great vid thx man
I've done all 3. fell to revenge trading. oops. hoping it goes up soon and can balance out amongst my favorite stocks.
it's gotta go up soon lol. at it's lowest in years...
Don't spend what you're not willing to lose, add money overtime and it might be a good idea to diversify.
Warren Buffet would disagree.
@@aclepiusofdelphi5615 Warren Buffet won't day trade forex with only media news and charts and im not sure he day trades at all
This good stuff to hear. Big Thanks.
Thank you for this video 😀👍
Thank you so much for posting this. You have literally changed my life.
Thank you for the kind words, Davis. Really glad to hear that!
As an investor, it's almost inevitable that you're not going to experience ups and Down along the way of investing for yourself
if opportunity doesn't knock, build one for yourself. A motivational speaker ones told me
"The key is in your hand, you have to decide to make that changes in your life now or your remain stagnant with your current status of lif"
Bitcoin is the future, investing in it now will be the wisest thing to do especially with the current rise.
The importance of professional mentorship of a manager should be the first step of trading.
Have contacted a lot of managers, it seems there are all fakers, like there is no legit, professional broker in forex trading?
Never knew trade could be so challenging! Kept running back to these TH-cam videos to learn more about this your video is indeed helpful. Thanks
Who else think this trade is kinda easy but is way to nervous to start.
Sadly these are one of the changes in trade profit is not always assured
I was winning in a demo before I started a live account... All I can say is that I lost a sum of $1500 in there different attempts.
@@brandonhussain4258 .Demo account are risk free
@George Potter .Not everyone has the patience and persistence to grow account. Some may end up blowing up their account.
Thank you sir! Great help to avoid/prevent mistake like that.
Happy to help!
excellent video. gamblers fallacy is a good point!
Trading is not gambling as in a casino as there's no odds.
Aaron
How on earth can a mentor be of benefit when the journey of price is unknown.
Faith is a financially dangerous thing when it has no proof.
@Aaron Chalmers hello
No one reads the charts
they read into them.
@Zach Mason I have traded but I prefer investing where I don't decide to lose with stop losses when im actually only looding and I get dividends.
Winning and loosing is irrelevant because whats under scrutiny is proving you won or lost, not by coincidence
Hayden
@@haydenh2283 but the psychology is.
This video just made me realize I'm making all these mistakes. I need to stop.
That's why we created this video! So we could help the people who are currently making these mistakes.
I hope you made money since you wrote this comment 😉
Great vid , really help !!!
One of the relevant and beneficial videos out there. Great job
danm.......i satisfy 2/3...and i have a big position on going....i feel like im the real life example of this video. Despite the outcome when my position ends...i will re-evaluate myself and be more rational about it.
Thanks for the comment and the sub!
This is a great video. Made all 3 mistakes. Lost "tremendous" "Huge" amount of money.
Get a good therapist. There is no way to get over it without professional help.
Very, very, intelligent advice ! Thank you 👍🏾
Thanks for the video 👍
Just found your channel!
Your teaching style is easy to understand.
Thank you for creating these videos.
Thanks so much for watching and for the kind words!
I was doing really good, 10% to 20% a day, during two weeks, then when I started losing I was using bigger lot size to make up my losses. Killed my account 50%....
Same here. I was doing good but when things started going bad I just compounded my problems. Now I am almost 40% down and not being able to sleep properly. It is effecting my married life too.
Sam - that’s exactly what I’m afraid of. That’s why I might just stick to long term ETF stocks
@@jlo5470 I know I'm not a revenge trader, but I stick to long term ETFs for about 90% of my account. with the other 10% I like to gamble lol
Same here. I like to set aside at least 5k to day or swing and it’s been good so far. As long as you play it safe and stay green that’s all that matters.
Relate much..thanks for waking me up.