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Avoid Losses using Trading Psychology In Share / Forex / Crypto Market - YouTube
Channel: Pushkar Raj Thakur: Business Coach
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Well, Till now you have heard from many people
that if you want to trade then you have to
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learn and trade but they also take learn and
they learn technical analysis and learn to
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apply indicators and learn to identify the
trend and how to see a breakout and when to
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take entry and exit, they knew everything
but even then they are suffering loss, many
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scholar people around us knew everything but
even then they are suffering losses, the reason
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is their psychology. If your Psychology is not
right then you are going to make a loss, today
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in this video, we will talk about three
things, which you will think that happened
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with us, this happens to us too and
if it happens to you then you must have seen
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that at that time you also have a loss. So I
don't want you to get losses and we want your
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profit maximization. So let's start today's
video.
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The first thing you have to keep in mind,
see here what happens is that people know
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everything, when they sit down to trade, they
can see it all.
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As I said, what the trend is going on, they
can apply the indicators and they can identify
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breakout and they know entry and exit everything,
but even then the bigger trade they take,
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they take it when they feel it.
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Whatever the technical setup may say, today
I am feeling it.
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We heard something from somewhere.
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From there the mindset changes, so whatever
we hear and our mindset changes, and we start feeling.
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If we trade after that, then remember that
I have to write a line here that if you trade
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when you feel something, then the market will
trouble you.
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Many people have experienced it, You will
tell by commenting that today you felt that
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the market would go up but the market did
not go up.
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Price goes in reverse and price came down
and you thought that the market would go up
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it can happen in some stocks, and it
can happen in bank nifty, in which you trade,
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maybe it will happen. That what you
thought and you felt it would not happen and
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you suffered a loss in the market, Has this
happened to anyone?
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Comment if it has happened and it happens
to a lot of people that even after learning
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everything, they trade when they feel alright,
let's talk about the second point and it is very important
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It used to happen to me in the beginning and
I would like to tell you that it happens
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to many people even now.
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We book profit very early, for example, a
person is trading with ₹ 100000 and he is
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trading with ₹ 100000 and has made a profit
of ₹ 5000 and as he will have a profit of
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₹5000, maybe the profit would be ₹25000
or ₹30000, but he will not wait, he will
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book it immediately and then he will say that
profit is profit, either it is 5000, but it
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is profit, but then he feels that I could
earn 25000 or up to 30000, but I have profit
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and that is good enough.
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But when the loss is happening.
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Then look at what happens, you have invested
₹ 100000 and there is a loss of ₹5000.
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But he will say that I will not book the loss,
I booked profit but I will not book the loss
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and, let's wait for the loss that now I have
a loss of ₹5000, Never mind, as soon as
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the price at which I bought, that price comes
and today I don't want profit, and I will
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sell it and then this loss of 5000 becomes
10000 and then he thinks that no, the price
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will come, it will bounceback and the market
will reverse and what happens after that,
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Right now everything is happening on feeling,
you forget everything now, you learned.
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Now, what happened, you waited again and now
there is a loss of ₹ 25000.
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Now what the person says, let's see what will
happen today, if profit will happen then it
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will be big and if not then it would be lost
and when you book a big loss then it is said
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that all this is the operator's game.
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What's going on, the share market is a gamble
and I won't do anything after today.
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Delete this app from which I am trading, and
when you start to feel like this, then you
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should keep one thing in mind.
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So where is the problem, there is a problem
in psychology.
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If profit is profit then why Isn't the loss,
when you are keeping one thing in mind and
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you are working according to the risk-reward ratio
and you feel it and you also think it and
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you did your analysis and after that your
analysis is telling you that your risk Reward
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is 1:3, means if there will be loss then your
loss could be of 10% and your profit can be
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upto 30%, so if there will be profit then
it will be three times more and if there is
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loss, then you are understanding that loss
will be 10% and profit will be 30%, and you
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are entering the trade and if there is profit
then that is very good that you made profit
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and you beat your target and if you have loss
then book the loss, because if you trade for
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10 times and you are right 5 times out of
it then, you made loss for five times and
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you did loss according to 10% and you made
loss of 50% and If you was wrong for 5 times
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but if you were right for 5 times then you
have booked a profit of 150%, so if your trade
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is going right according to the risk to reward
ratio and you are trading according to right
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accurate psychology then you will make money
because it is not possible to make money in
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all the trades and I have not yet found anyone
who has not faced loss everyone suffers loss,
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but what you learned from your loss and people
make money by improving themselves and here
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again psychology works and one more point
on
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which you have to pay attention to from today.
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And that is, there are many people whose mindset
is already predefined.
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Either they have the bull mindset that today
the market will go up or if a stock will go
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up today. Then they see what signals they are
getting by which they get to know that stock
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will go up. So their focus is to
go up many people see why the market can crash
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today, why this stock can go down, so their
Focus is predefined and your Focus should
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not be like this, If I were asked to you that
what is your mindset then you would say like
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I have the bull mindset or bear mindset but
this is wrong and what you have to do, Look,
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neither you have to keep your mindset bull
nor you have to set bear mindset.
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You have to be neutral and you have to believe
in your knowledge and what you have learned,
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whatever you have learned in technical analysis,
you have to believe in it.
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There is Already a playlist on technical analysis.
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There is a link on the i button you can go
and see it, so whatever you have gained from
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technical analysis you have to apply them,
then by staying neutral, when you will trade
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according to yourself, then you will be able
to identify which trend is being formed and
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even you will identify the pattern on the
chart and you will be able to correctly identify
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the breakouts then the chances of making profit
while trading will be increased also your
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loss will be less. So when today we are talking
about psychology then we discussed three things
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one is that you don't have to make your predefined
mindset of bull and bear and you have to remain
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neutral and you have to see that what is chart
telling and what is price telling, price is
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supreme so you trade according to price action
and make your psychology positive and here
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the second thing I have told you is that if you
have a loss then book the small loss because
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if you do not book small losses then it is
said that you will suffer a great loss, then
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if you do not book baby loses so you will
not see the mother of all losses then there is
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a saying in English that if you have a loss
then book it, not every time there will be
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profit and when profit is happening then people
very quickly walk out with a small profit.
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They need a little courage if you want to
trade and bring a little patience and which
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is very very important and then like we said
in the starting that if you trade on feeling
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then the market will let you know.
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So how was today's Video?
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Tell me in the comments, Finally, you can
share this video with all your friends so
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that people also know what psychology they
have to keep when they are trading if you
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are watching this video on Facebook then follow
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then subscribe and click on Bell icon and
I will see you in the next video till the
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time you go self-made.
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