The Winning Trading Psychology - sure way for consistent profits

Great thread and something I've been looking into for a while. I've been trading for a good few years now and blown several small accounts. The problem always seems to be wanting to achieve faster and when a loss does occur the feeling to get the money back straight away used to be overwhelming.

These days I know I am using a method that will make me money if I only follow my rules but I am still bombarded with undisciplined thoughts from somewhere in my brain. I am getting better at overcoming these thoughts as I go along and I have actually made money for the last few months but I know I constantly need to be on my guard.

I think achieving success in trading is always going to be an ongoing process rather than a destination. One day, a few years down the line, I may start to think that I have reached my goal of beind a disciplined and succesful trader but for now I'm just happy to be on the journey and enjoying the ride.

Thanks to everyone who has posted on this thread so far and I hope it will continue to tick over slowly.

Well I disagree. I guess if it's a mechanical system then maybe but if it's like most things that traders do it's very subjective based on a trader's opinion. If it's subjective then a lot of things can happen. You can get anxious and accept less than the best entry points. You can get into a trade and watch it start to lose but not hit your stop loss and worry that it will hit it (fear)and therefore close it out only to later see that it was a winner and it never hit the sl. You can have a small winner which you think is going the other way so you close it only to see later that the candle never closed and that there was no reversal candle. For someone who is in control of himself I believe these things won't happen.

you contradict yourself.

this thread reflects my trading life......i made profits on demo...but when i switch to live i lost 8% of balance within in a week........then i realised the BEAST inside me.....Hopefully i ve seen this thread....Thank you

Below are Psychological Trading Blocks or obstacles while operating LIVE account.
Sit back, read it carefully and be honest to yourself and count how many Blocks do you have currently out of below 23. Then rate yourself on percent basis and work on the negative blocks.

There is no need to post your blocks here, just be honest to yourself and see the wonders as you know your self better and better......
Work on those blocks because if you really want to shine as a Trader, you need to work on them and Win.... Be a Fighter who will not give up until the last breath




1) Fear of gained profits getting erode

2) When stop loss is not put, loss can be very big at some point of time
because there is a hope of position going positive

3) Getting out very early

4) not following the plan or rather not trusting it

5) Ego of not accepting small timely losses

6) Tendency to avoid losses

7) Wanting to be right most of the time

8) Not accpeting the fact that trading is a game of chances and hence completely attached
to every single trade

9) Compulsion to trade after moderate or extended dry periods and hence trading by
trial and error methods or taking wrong setup.

10) Getting happy when winning and feeling low with the loss

11) Forming market views at the time when the trade is triggered resulting in loss of opportunity or money

12) Dicussing the trades with peers or other people thereby increasing the pressure of
being right

13) Bad moneymanagement which wipes entire capital in 3 to 5 consecutive wrong trades
These consecutively wrong trades are normal to happen because of inherent uncertain
and creative natrure of markets.

14) Greed may over take the thought out plan which might result in entire erosion of profits.

15) Adding to losing positions in hope to average out and position at bargain price.
Adding to a postion turning negative is only good if it is the thoughout plan as per
the system which has considered moneymanagement already.

16) Single trade focus

17) Not taking more than one trade simultaneously

18) Changing from good method just because of 2 or 3 consecutive losses

19) Considering Trading as Gambling and not business

20) Fear, anxiety or worry for every tick going in opposite direction

21) Fear of uncertainty or helplessness or hopeful condition deteriorating physical
and mental health

22) Trading when there is some confusion or not a clear setup so that the opportunity
does not disappear

23) Preconcieved notions about large profits

Self evaluation chart

this one may help traders psychologically knowing your winning advantage.
https://www.dukascopy.com/fxcomm/fx-...n=read&id=1467

Trading the forex or other markets doesn’t have anything with pain, psychology or improvement: the only law is: if you know, you win, if not you lose!

You who have already lost everything and are looking for a way to get your money back, stay away from all the EA’s, indicators, softwares as Metatrader, Jigsaw, Sierra, Bookmap and all other. Understanding the options on the futures is the only thing that will help you efficiently. You ‘ll never find anything to help you on forex website.

Finally, think about that: universal access to financial markets is a huge opportunity to get rip off millions of naive people! YOU JUST GIVE LIQUIDITY TO THE MARKET MAKERS VIA YOUR BOKER !

Thank you oneuniverse for all your useful and very valuable insights. I was searching for trading psychology and ran into your post. I was impressed with your valuable insights and trading wisdom at such a young age and everything you stated is completely compatible with the great work of my late trading psychology king and virtual mentor, Mark Douglas. RIP. Good for you, really appreciated sir.

The.....

The full descriptive of the game Cops and Robbers delineates - ' There seem to be two distinctive types of habitual criminals: those who are in crime primarily for profit, and those who are in it primarily for the game - with a large group in between who can handle it either way.

1. The "compulsive winner," the big money-maker whose Child really does not want to be caught, rarely is, according to reports; he is an untouchable, for whom the fix is always in. *
2. The "compulsive loser," on the other hand, who is playing "Cops and Robbers" (C&R), seldom does very well financially.

* If a gang member shows too much interest in the game, to the point of jeopardizing the job, and particularly if his need to be caught begins to show, they (other gang members) will take drastic measures to prevent a recurrence.

The above two bullet point are reminiscent of the challenges facing traders.
The Game of Cops and Robbers includes gambling overtones; again, reminiscent of the challenges facing traders.

Further, ...

Full Posts: https://www.trade2win.com/threads/te...2#post-3257883

According to my experiences and skill in fx market trading, there are some way to control your emotion- You are human so it alway exist withour your desire. Controling emotion is a essential factor to win the market.

1-Be comfortable to open any position (well-prepared; well-informed and risk taking willing)
2-Any size of position is to be appropriate for the trading account
3-Don't be trade so much- 1-3 transactions a day. Avoiding big volatile event such as Fed, ECB, BOJ, BOE meeting for rate decision with uncontroled forecast...;
4-Keep consistant capital gain (profit) appeared in your account will improve your emotions and new energy; Dont trade in bad mood;
5-Enjoy yourself every month with a part of your profit gained.
6-Keep caml with your loss and do not try to trade in case there are 2 transactions lossed.
7-FX IS A METAL GAME. YOU ARE ONLY THE WINNER IF YOUR METAL POSITION IS GOOD IN TRADING.
TKS ALL BRO