Transactional Psychology And Transactional Methods, Which One Is More Important?
Trading psychology and trading methods though two, but actually they are one. Actually all of them are but the skills that traders want to succeed must have. But the problem is that our time is limited, the strength is not much, money is small. This forces the trader to choose to allocate resources to these two in a scientific way to achieve optimal performance in the shortest possible time. It is also the goal that traders are aiming for but often we do not recognize and do not do effectively resulting in loss of time.
First, talk about trading psychology and trading methods. This is the story of chicken and egg, which one should learn first, which one should study later? Or is it two-sided study at the same time?
Today, I will share my perspective on these two factors and how I did
used to be effective.
TRAIN YOUR MIND BEFORE LEARNING METHODS
In some books, you may find things like “Trading psychology is very important, more important than any trading system” or “no trading psychology, then the trading system is also equal to “
There is no denying that trading psychology is as important as your inner work, and the method is like a good sword. You have good sword in hand but hold the sword to cut each other is not floating, how to become the hero of the world.
Trading psychology dominates the results a lot. For example, you have a good system, great command entry points, command exit points are also not table. But that system is very much for you to eat 5 out of 10 orders are very precious. Assuming that the other 5 orders lose continuously, what do you think? How do you feel? When the system signals the next command, you dare to order again? If you do not dare go in, but the order is correct, you feel regret.
Then the system has not signaled, you can see the price increase too good, galaxies all call for sale, you listen to anyone, crowd or under your system. Now, if the ink system, but the price still go up, people eat rumbling, breeze report, while sitting in the system? Is it even worth ?
In fact, I am portraying a small part of the transactional psychology. I think you all have gone through. How do you solve that problem?
Therefore, the problem here is to learn psychology before finding the system
FIND A GOOD TRANSACTION METHOD TO LEARN MORE TRADING TRANSACTION
Others have the view that trading psychology is an experience. You do not experience the psychological. In order to experience, there must be a system that is right for you not to lose the psychological training of another system.
One common example of this is that you have a scalping system in place that you are used to the action of easy come and easy go. But one day, you see the other trader trading in the trend on the big frame too good, scalping though a little peak, but struggling to get up, have to command the whole day. So you decide to switch to the big trad. Of course, if you keep the old mentality and mindset, you will certainly fail, even though the system is delicious.
They say: choose a method of trading carefully, suitable with yourself and determined to stick with it, then learn the appropriate trading psychology. What do you think?
DEGREE OF METHODOLOGY OF TRANSACTIONAL TRANSACTIONS
The best way is to do both. I think this is the best way. However, it still has its own limitations:
+ You will go slower because you have to study both problems, sometimes it will discourage you to practice a general psychological tough, practice the psychology and thinking of trading for a longer method. More time and effort.
Sometimes when you do not really understand the method (because you are not good at it), the psychology will sometimes be wrong, resulting in time to practice the correct mentality.
If you practice both in parallel, the sweet will surely come to you, but obviously it needs more trader persistence than the other two. But is not persistence and patience a kind of psychology that trader success must have?
I just shared my perspective on a chicken and egg story. What do you think about this, comments to share the view? Lucky Trading!
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