Let's talk about option trading psychology and any type of trading that you are doing from last years or last months. In share market you have many Strategies for the chart that the chart is upside or downside. The strategies is the most important part of trading because they tells you that to where a chart going. trading is not easy that people think it is very difficult. Many people thought that I will learn some techniques and I am able to make money easily. But in Finance sector trading is very difficult.
Now come to the point and talk about our main topic that is Trading Psychology. When you enter in a trade with some knowledge or your technique. This is your first step of trading. And the next step is hold your trade or not for how much time. This tells your trading Pychology. If you exit your trade early by seeing a red candlestick in chart So this is a sign of bad Pychology of trading. Trading Pychology means how much patience you have in trading. There are some common factors that you have bad trading Pychology.
1. Bad Risk Management of trading.
2. Exit early profit.
3. Taking big losses or do not using Stop loss in the Trade.
4. Early access in the Trade or unable to wait.
5. Not have discipline.
So these are some key factors of not having good trading Pychology.
So work on it.
Important note: this is only for educational purposes. Trade at your own Risk.
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