SlideShare a Scribd company logo
Trading Psychology   Dmitry Grebenyuk, Private trader, consultant Russia, Chelyabinsk, November 2009
95% lose money 1 ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],1. From the book "Intraday Trading", Van K. Tharp
The reason for failure - high expectations  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Cause of failure - in the man  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Fear  Fear  - negatively stained emotion or feeling associated with a sense of danger, real or imagined.   … And suddenly I now open a position, but it goes against me? … It should be possible to record profits, and then suddenly now thearket will unfold!
Greed  Greed - excessive desire of possession or consumption  . … Now I come to all margins and earn 100%!  …I'm in no hurry to fix 20% of the profits, because the price could rise even higher!
Complacency  Complacency - the property of the individual, the core of which stands a positive assessment of the individual's own skills and abilities as sufficient to achieve meaningful goals for him and meet his needs.  … Last month I earned 100% profit in the next month I make 1000% profit   …Stop-loss put only fools and cowards, I did the bravest and the smartest
Hope  Hope - painted a positive emotion associated with the expectation of meeting the needs; expectation benefits / grace, from the higher forces / entities / elements.  … Well, now the price have to go in my direction. Trading indicators tell me about it!   … Lord God, I'm so good, let the price go my way! Please!
Cause of failure: human weakness  FEAR  G REED Complacency   HOPE TRADER And where there is weakness, there appear emotions. Negative emotions.
95% choose the emotional Trading  ,[object Object],95% of traders fed the exchange industry (the stock exchange, brokers) and the remaining 5% of successful traders
Emotional Trading - a way to stress  Stress hormone   Corticosteroids (cortisol, glucocorticoids)   Catecholamins (epinephrine and norepinephrine)   Muscle tissue breaks down and turns the tissue proteins into energy. Cortisol during intoxication are possible: peptic ulcer disease, loss of muscle weight, aging skin, brittle bones, insomnia,  reduced immunity, increased blood sugar,  decrease testosterone, cellulite, etc.  Becomes more frequent palpitations, Increases blood pressure, Reduces digestive Activity ... ... Leads to hypertension  Problem situation (causes of stress)   Current state: acute stress   Cumulative effect stress: chronic stress   Stress Disorders   Physiological discomfort Acute emotions Of memory and attention Violation processes decision Disorganization of behavior Violation of communication  Anxiety Aggression Depression Asthenia Sleep disorders and dob   Psychosomatics The syndrome of emotional "Burnout" Type A behavior (or coronary behavior) And dob
Salvation - rational trading  ,[object Object],[object Object],[object Object]
Rational trading: two ways  ,[object Object],[object Object]
Holy Grail is not  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Terms of rational trading:  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Terms of rational trading  (continued): ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Even rational trading does not save you from stress  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Antistress methods:  ,[object Object],[object Object],[object Object],[object Object]
Hormones "happiness"  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusions  ,[object Object],[object Object],[object Object],[object Object],[object Object]
Conclusions (continued) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
List of recommended literature  ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Thank you for your attention!  ,[object Object],[object Object],[object Object],[object Object],[object Object],Thales was asked: -What on earth is difficult? -Know yourself -What is easy? -Advise other (Diogenes)

More Related Content

What's hot

Trading plan
Trading planTrading plan
Trading plan
pipsumo traderfx
 
Forex trading strategies
Forex trading strategiesForex trading strategies
Forex trading strategies
IFC Markets Corp.
 
The simple scalping strategy rules
The simple scalping strategy rules  The simple scalping strategy rules
The simple scalping strategy rules
Nasir Tareen
 
What are Key Chart Levels and How to Trade Them
What are Key Chart Levels and How to Trade ThemWhat are Key Chart Levels and How to Trade Them
What are Key Chart Levels and How to Trade Them
 My Trading Skills
 
Forex Trading Basics
Forex Trading Basics Forex Trading Basics
Forex Trading Basics
Coleen Powell
 
High Probability Trading Setups
High Probability Trading SetupsHigh Probability Trading Setups
High Probability Trading Setupsbtrader
 
Trade like pro supply & demand
Trade like pro supply & demandTrade like pro supply & demand
Trade like pro supply & demand
alkaserr
 
Best Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and OscillatorsBest Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and Oscillators
SwingTradingBootCamp
 
10 Best Trading Rules For Successful Trading
10 Best Trading Rules For Successful Trading10 Best Trading Rules For Successful Trading
10 Best Trading Rules For Successful Trading
Platinum Trading Systems
 
Top 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders UseTop 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders Use
Syrous Pejman
 
How to Become a Professional Trader
How to Become a Professional TraderHow to Become a Professional Trader
How to Become a Professional Trader
 My Trading Skills
 
5 Day Trading Techniques
5 Day Trading Techniques5 Day Trading Techniques
5 Day Trading Techniques
Christine Argier
 
25 points for trading discipline
25 points for trading discipline25 points for trading discipline
25 points for trading discipline
Santosh Kodere
 
Sebastian seliga trading psychology.pptx
Sebastian seliga   trading psychology.pptxSebastian seliga   trading psychology.pptx
Sebastian seliga trading psychology.pptx
Power Point
 
RSI Strategy
RSI StrategyRSI Strategy
RSI Strategy
Olymp Trade
 
Secrets Of Successful Traders
Secrets Of  Successful  TradersSecrets Of  Successful  Traders
Secrets Of Successful Traders
Robert R
 
7 Basic Rules for Trading in Intraday
7 Basic Rules for Trading in Intraday7 Basic Rules for Trading in Intraday
7 Basic Rules for Trading in Intraday
Platinum Trading Systems
 
The 3 duck's trading system.
The 3 duck's trading system.The 3 duck's trading system.
The 3 duck's trading system.
Akarawat Thanachitnawarat
 
Forex trading psychology
Forex trading psychologyForex trading psychology
Forex trading psychology
ChristineNelson17
 
Magic Breakout Forex Trading Strategy PDF eBook
Magic Breakout Forex Trading Strategy PDF eBookMagic Breakout Forex Trading Strategy PDF eBook
Magic Breakout Forex Trading Strategy PDF eBook
eforexcourse web
 

What's hot (20)

Trading plan
Trading planTrading plan
Trading plan
 
Forex trading strategies
Forex trading strategiesForex trading strategies
Forex trading strategies
 
The simple scalping strategy rules
The simple scalping strategy rules  The simple scalping strategy rules
The simple scalping strategy rules
 
What are Key Chart Levels and How to Trade Them
What are Key Chart Levels and How to Trade ThemWhat are Key Chart Levels and How to Trade Them
What are Key Chart Levels and How to Trade Them
 
Forex Trading Basics
Forex Trading Basics Forex Trading Basics
Forex Trading Basics
 
High Probability Trading Setups
High Probability Trading SetupsHigh Probability Trading Setups
High Probability Trading Setups
 
Trade like pro supply & demand
Trade like pro supply & demandTrade like pro supply & demand
Trade like pro supply & demand
 
Best Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and OscillatorsBest Swing Trading Indicators and Oscillators
Best Swing Trading Indicators and Oscillators
 
10 Best Trading Rules For Successful Trading
10 Best Trading Rules For Successful Trading10 Best Trading Rules For Successful Trading
10 Best Trading Rules For Successful Trading
 
Top 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders UseTop 8 Forex Trading Strategies That Pro Traders Use
Top 8 Forex Trading Strategies That Pro Traders Use
 
How to Become a Professional Trader
How to Become a Professional TraderHow to Become a Professional Trader
How to Become a Professional Trader
 
5 Day Trading Techniques
5 Day Trading Techniques5 Day Trading Techniques
5 Day Trading Techniques
 
25 points for trading discipline
25 points for trading discipline25 points for trading discipline
25 points for trading discipline
 
Sebastian seliga trading psychology.pptx
Sebastian seliga   trading psychology.pptxSebastian seliga   trading psychology.pptx
Sebastian seliga trading psychology.pptx
 
RSI Strategy
RSI StrategyRSI Strategy
RSI Strategy
 
Secrets Of Successful Traders
Secrets Of  Successful  TradersSecrets Of  Successful  Traders
Secrets Of Successful Traders
 
7 Basic Rules for Trading in Intraday
7 Basic Rules for Trading in Intraday7 Basic Rules for Trading in Intraday
7 Basic Rules for Trading in Intraday
 
The 3 duck's trading system.
The 3 duck's trading system.The 3 duck's trading system.
The 3 duck's trading system.
 
Forex trading psychology
Forex trading psychologyForex trading psychology
Forex trading psychology
 
Magic Breakout Forex Trading Strategy PDF eBook
Magic Breakout Forex Trading Strategy PDF eBookMagic Breakout Forex Trading Strategy PDF eBook
Magic Breakout Forex Trading Strategy PDF eBook
 

Viewers also liked

Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.
Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.
Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.
Reach Markets
 
2ways2wealth - Psychology of Trading
2ways2wealth - Psychology of Trading2ways2wealth - Psychology of Trading
2ways2wealth - Psychology of Trading
2ways 2wealth
 
7 Qualities Of Remarkable Traders
7 Qualities Of Remarkable Traders7 Qualities Of Remarkable Traders
7 Qualities Of Remarkable Traders
Reach Markets
 
Psychology of Trading
Psychology of TradingPsychology of Trading
Psychology of Tradingsumeetsj
 
Technical analysis ppt
Technical analysis pptTechnical analysis ppt
Technical analysis pptrahul94
 
Ml inv rule_of100x
Ml inv rule_of100xMl inv rule_of100x
Structured Products
Structured ProductsStructured Products
Structured ProductsKhader Shaik
 
Where To Find Trading Success
Where To Find Trading SuccessWhere To Find Trading Success
Where To Find Trading Success
NetpicksTrading
 
Mistakes traders make 2015
Mistakes traders make 2015Mistakes traders make 2015
Mistakes traders make 2015
easyMarkets
 
Introduction to technical analysis
Introduction to technical analysisIntroduction to technical analysis
Introduction to technical analysis
Juzaillan Mohamed
 
Fundamentals of Trading Commodities
Fundamentals of Trading CommoditiesFundamentals of Trading Commodities
Fundamentals of Trading Commodities
InvestingTips
 
Fundamental analysis and How to Use it in Forex Trading
Fundamental analysis and How to Use it in Forex TradingFundamental analysis and How to Use it in Forex Trading
Fundamental analysis and How to Use it in Forex Trading
Keith Weber
 
Fundamental vs technical
Fundamental vs technicalFundamental vs technical
Fundamental vs technical
ypendharkar
 

Viewers also liked (14)

Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.
Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.
Trading Psychology: 5 Critical Lessons From Pro Traders That You Should Know.
 
2ways2wealth - Psychology of Trading
2ways2wealth - Psychology of Trading2ways2wealth - Psychology of Trading
2ways2wealth - Psychology of Trading
 
7 Qualities Of Remarkable Traders
7 Qualities Of Remarkable Traders7 Qualities Of Remarkable Traders
7 Qualities Of Remarkable Traders
 
Psychology of Trading
Psychology of TradingPsychology of Trading
Psychology of Trading
 
Technical analysis ppt
Technical analysis pptTechnical analysis ppt
Technical analysis ppt
 
Ml inv rule_of100x
Ml inv rule_of100xMl inv rule_of100x
Ml inv rule_of100x
 
Structured Products
Structured ProductsStructured Products
Structured Products
 
Where To Find Trading Success
Where To Find Trading SuccessWhere To Find Trading Success
Where To Find Trading Success
 
Mistakes traders make 2015
Mistakes traders make 2015Mistakes traders make 2015
Mistakes traders make 2015
 
Introduction to technical analysis
Introduction to technical analysisIntroduction to technical analysis
Introduction to technical analysis
 
Fundamentals of Trading Commodities
Fundamentals of Trading CommoditiesFundamentals of Trading Commodities
Fundamentals of Trading Commodities
 
Fundamental analysis and How to Use it in Forex Trading
Fundamental analysis and How to Use it in Forex TradingFundamental analysis and How to Use it in Forex Trading
Fundamental analysis and How to Use it in Forex Trading
 
Elliot wave theory
Elliot wave theoryElliot wave theory
Elliot wave theory
 
Fundamental vs technical
Fundamental vs technicalFundamental vs technical
Fundamental vs technical
 

Similar to Trading Psychology (English version)

THE PSYCHOLOGY OF FOREX TRADING EBOOK.pdf
THE PSYCHOLOGY OF FOREX TRADING EBOOK.pdfTHE PSYCHOLOGY OF FOREX TRADING EBOOK.pdf
THE PSYCHOLOGY OF FOREX TRADING EBOOK.pdf
Cocity Enterprises
 
Cruise Forex Presentation
Cruise Forex PresentationCruise Forex Presentation
Cruise Forex Presentation
EveryDayFX
 
trading habits.pdf
trading habits.pdftrading habits.pdf
trading habits.pdf
Sumni Uchiha
 
The ultimate trading blue print how any one can trade any market for maximum ...
The ultimate trading blue print how any one can trade any market for maximum ...The ultimate trading blue print how any one can trade any market for maximum ...
The ultimate trading blue print how any one can trade any market for maximum ...
Michael Selim
 
How to trade in forex
How to trade in forexHow to trade in forex
How to trade in forex
SagarChouhan7
 
trading
tradingtrading
The path to becoming a master trader
The path to becoming a master traderThe path to becoming a master trader
The path to becoming a master trader
MJK INC
 
The key successful trading is risk management
The key successful trading is risk managementThe key successful trading is risk management
The key successful trading is risk managementoptionsrules
 
FX_Wizard---------------------------.pdf
FX_Wizard---------------------------.pdfFX_Wizard---------------------------.pdf
FX_Wizard---------------------------.pdf
Jerry Chew
 
Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...
Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...
Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...
Lucky Gods
 
Psychological Pitfalls in Commodity Trading - By Vijay Sardana
Psychological Pitfalls in Commodity Trading - By Vijay SardanaPsychological Pitfalls in Commodity Trading - By Vijay Sardana
Psychological Pitfalls in Commodity Trading - By Vijay Sardana
VIJAY SARDANA
 
Do Pros Chase Trades?
Do Pros Chase Trades?Do Pros Chase Trades?
Do Pros Chase Trades?
NetpicksTrading
 
Trading in the Zone.pdf
Trading in the Zone.pdfTrading in the Zone.pdf
Trading in the Zone.pdf
Steveson7
 
Trading like a sniper (3rd edition) .pdf
Trading like a sniper (3rd edition) .pdfTrading like a sniper (3rd edition) .pdf
Trading like a sniper (3rd edition) .pdf
Steveson7
 
Trading to win .pdf
Trading to win .pdfTrading to win .pdf
Trading to win .pdf
Steveson7
 
Presentation selling fear
Presentation selling fearPresentation selling fear
Presentation selling fear
Uzair Ahmed
 
Könyvek - Jenkins and Gann - Complete Stock Market Trading
Könyvek - Jenkins and Gann - Complete Stock Market TradingKönyvek - Jenkins and Gann - Complete Stock Market Trading
Könyvek - Jenkins and Gann - Complete Stock Market Trading
Tozsde Okossag
 
Position sizing
Position sizingPosition sizing
Position sizing
platinumtradingacademypta
 

Similar to Trading Psychology (English version) (20)

THE PSYCHOLOGY OF FOREX TRADING EBOOK.pdf
THE PSYCHOLOGY OF FOREX TRADING EBOOK.pdfTHE PSYCHOLOGY OF FOREX TRADING EBOOK.pdf
THE PSYCHOLOGY OF FOREX TRADING EBOOK.pdf
 
Cruise Forex Presentation
Cruise Forex PresentationCruise Forex Presentation
Cruise Forex Presentation
 
trading habits.pdf
trading habits.pdftrading habits.pdf
trading habits.pdf
 
The ultimate trading blue print how any one can trade any market for maximum ...
The ultimate trading blue print how any one can trade any market for maximum ...The ultimate trading blue print how any one can trade any market for maximum ...
The ultimate trading blue print how any one can trade any market for maximum ...
 
How to trade in forex
How to trade in forexHow to trade in forex
How to trade in forex
 
trading
tradingtrading
trading
 
The path to becoming a master trader
The path to becoming a master traderThe path to becoming a master trader
The path to becoming a master trader
 
The key successful trading is risk management
The key successful trading is risk managementThe key successful trading is risk management
The key successful trading is risk management
 
FX_Wizard---------------------------.pdf
FX_Wizard---------------------------.pdfFX_Wizard---------------------------.pdf
FX_Wizard---------------------------.pdf
 
Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...
Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...
Options Trading Psychology: The Art of Mastering Your Trading Mindset for Fin...
 
Psychological Pitfalls in Commodity Trading - By Vijay Sardana
Psychological Pitfalls in Commodity Trading - By Vijay SardanaPsychological Pitfalls in Commodity Trading - By Vijay Sardana
Psychological Pitfalls in Commodity Trading - By Vijay Sardana
 
Do Pros Chase Trades?
Do Pros Chase Trades?Do Pros Chase Trades?
Do Pros Chase Trades?
 
Trading in the Zone.pdf
Trading in the Zone.pdfTrading in the Zone.pdf
Trading in the Zone.pdf
 
Trading like a sniper (3rd edition) .pdf
Trading like a sniper (3rd edition) .pdfTrading like a sniper (3rd edition) .pdf
Trading like a sniper (3rd edition) .pdf
 
Trading to win .pdf
Trading to win .pdfTrading to win .pdf
Trading to win .pdf
 
Presentation selling fear
Presentation selling fearPresentation selling fear
Presentation selling fear
 
Könyvek - Jenkins and Gann - Complete Stock Market Trading
Könyvek - Jenkins and Gann - Complete Stock Market TradingKönyvek - Jenkins and Gann - Complete Stock Market Trading
Könyvek - Jenkins and Gann - Complete Stock Market Trading
 
Ctr07302015
Ctr07302015Ctr07302015
Ctr07302015
 
Ctr07302015
Ctr07302015Ctr07302015
Ctr07302015
 
Position sizing
Position sizingPosition sizing
Position sizing
 

Recently uploaded

innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
Falcon Invoice Discounting
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
DOT TECH
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
DOT TECH
 
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
Amil Baba Dawood bangali
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
GRAPE
 
how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.
DOT TECH
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Quotidiano Piemontese
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
RasoulRamezanian1
 
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
Amil Baba Dawood bangali
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
DOT TECH
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
DOT TECH
 
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
DOT TECH
 
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
ydubwyt
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
Sudarshan Dakuru
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
FinTech Belgium
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
va2132004
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
Antonis Zairis
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
DOT TECH
 

Recently uploaded (20)

innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
innovative-invoice-discounting-platforms-in-india-empowering-retail-investors...
 
when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.when will pi network coin be available on crypto exchange.
when will pi network coin be available on crypto exchange.
 
Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024Monthly Economic Monitoring of Ukraine No. 232, May 2024
Monthly Economic Monitoring of Ukraine No. 232, May 2024
 
what is a pi whale and how to access one.
what is a pi whale and how to access one.what is a pi whale and how to access one.
what is a pi whale and how to access one.
 
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
NO1 Uk Divorce problem uk all amil baba in karachi,lahore,pakistan talaq ka m...
 
The European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population agingThe European Unemployment Puzzle: implications from population aging
The European Unemployment Puzzle: implications from population aging
 
how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.how to sell pi coins in all Africa Countries.
how to sell pi coins in all Africa Countries.
 
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...Turin Startup Ecosystem 2024  - Ricerca sulle Startup e il Sistema dell'Innov...
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...
 
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal RiskFalcon Invoice Discounting: Optimizing Returns with Minimal Risk
Falcon Invoice Discounting: Optimizing Returns with Minimal Risk
 
Proposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in EthereumProposer Builder Separation Problem in Ethereum
Proposer Builder Separation Problem in Ethereum
 
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad,  Mandi Bah...
NO1 Uk Black Magic Specialist Expert In Sahiwal, Okara, Hafizabad, Mandi Bah...
 
how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.how to swap pi coins to foreign currency withdrawable.
how to swap pi coins to foreign currency withdrawable.
 
What price will pi network be listed on exchanges
What price will pi network be listed on exchangesWhat price will pi network be listed on exchanges
What price will pi network be listed on exchanges
 
how can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYChow can I sell pi coins after successfully completing KYC
how can I sell pi coins after successfully completing KYC
 
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
一比一原版UOL毕业证利物浦大学毕业证成绩单如何办理
 
MERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdfMERCHANTBANKING-PDF complete picture.pdf
MERCHANTBANKING-PDF complete picture.pdf
 
Webinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont BraunWebinar Exploring DORA for Fintechs - Simont Braun
Webinar Exploring DORA for Fintechs - Simont Braun
 
Chương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdfChương 6. Ancol - phenol - ether (1).pdf
Chương 6. Ancol - phenol - ether (1).pdf
 
The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...The new type of smart, sustainable entrepreneurship and the next day | Europe...
The new type of smart, sustainable entrepreneurship and the next day | Europe...
 
what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024what is the best method to sell pi coins in 2024
what is the best method to sell pi coins in 2024
 

Trading Psychology (English version)

  • 1. Trading Psychology Dmitry Grebenyuk, Private trader, consultant Russia, Chelyabinsk, November 2009
  • 2.
  • 3.
  • 4.
  • 5. Fear Fear - negatively stained emotion or feeling associated with a sense of danger, real or imagined. … And suddenly I now open a position, but it goes against me? … It should be possible to record profits, and then suddenly now thearket will unfold!
  • 6. Greed Greed - excessive desire of possession or consumption . … Now I come to all margins and earn 100%! …I'm in no hurry to fix 20% of the profits, because the price could rise even higher!
  • 7. Complacency Complacency - the property of the individual, the core of which stands a positive assessment of the individual's own skills and abilities as sufficient to achieve meaningful goals for him and meet his needs. … Last month I earned 100% profit in the next month I make 1000% profit …Stop-loss put only fools and cowards, I did the bravest and the smartest
  • 8. Hope Hope - painted a positive emotion associated with the expectation of meeting the needs; expectation benefits / grace, from the higher forces / entities / elements. … Well, now the price have to go in my direction. Trading indicators tell me about it! … Lord God, I'm so good, let the price go my way! Please!
  • 9. Cause of failure: human weakness FEAR G REED Complacency HOPE TRADER And where there is weakness, there appear emotions. Negative emotions.
  • 10.
  • 11. Emotional Trading - a way to stress Stress hormone Corticosteroids (cortisol, glucocorticoids) Catecholamins (epinephrine and norepinephrine) Muscle tissue breaks down and turns the tissue proteins into energy. Cortisol during intoxication are possible: peptic ulcer disease, loss of muscle weight, aging skin, brittle bones, insomnia, reduced immunity, increased blood sugar, decrease testosterone, cellulite, etc. Becomes more frequent palpitations, Increases blood pressure, Reduces digestive Activity ... ... Leads to hypertension Problem situation (causes of stress) Current state: acute stress Cumulative effect stress: chronic stress Stress Disorders Physiological discomfort Acute emotions Of memory and attention Violation processes decision Disorganization of behavior Violation of communication Anxiety Aggression Depression Asthenia Sleep disorders and dob Psychosomatics The syndrome of emotional "Burnout" Type A behavior (or coronary behavior) And dob
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.
  • 19.
  • 20.
  • 21.
  • 22.
  • 23.