Trading psychology refers to the state of the mind of the trader when they are active in the financial market and how it affects their trading decisions. The psychological side of trading is often ignored. A good state of mind means that a trader executes his plan consistently, is aware of the risks involved, is not blocked by emotion, takes the same responsibility for victory and defeat and is realistic about trading in general. Bad trading psychology is one of the main reasons for traders' failure.
Signs of good psychology include not being emotionally bound to a particular trade, not being affected by performance anxiety, focusing on the results of a larger number of trades, not placing a position that is too large to bear, not engaging in revenge trading, not Guess trading, focus on self-improvement without sabotaging your results, being honest about winning and losing, guarding yourself ...
