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7 Trading Psychology Tips – Avoid the Most Common Trading Mistakes!



Trading is by no means an easy occupation, and especially when you’re getting started it may seem like an ocean of ungraspable information. But we would like to help you navigate that ocean by sharing a few simple trading psychology tips with you.

We’re all human and we all have emotions, some of which may be downright harmful to our day-to-day trading activities. So it’s important to be able to leverage the positive aspects of your trading psychology and use them to your advantage. Some of the best trading tips for beginners actually revolve around understanding and gaining control over your emotions.

For example, one of the best trading psychology tips you will ever receive is embracing the fact that losses are inevitable. Once you’ve accepted this, you can react to losses in a more calm and contained manner that won’t cloud your judgment. The same is also true for gains and learning to contain your excitement will also teach you how to improve trading psychology overall.

And speaking of not clouding your judgment, another one of our top trading tips for beginners is to give yourself a break. Mental exhaustion is the last place where smart trading decisions can come from and so you want to avoid reaching that point.

Watch the full video to learn how to master trading psychology in forex trading and in stock market trading. And stay tuned for our detailed trading tips, stock market examples and suggestions on how to improve your investment game.

Give us a thumbs up if you liked our day trading psychology suggestions, and leave us a comment down below with your thoughts on the best trading tips. Be sure to subscribe to the Capital.com channel for further content on trading psychology, forex and more. And hit the notification bell to be informed about our next set of trading tips, forex tricks and other industry hacks.

00:00 Intro
00:14 Managing Risk
01:57 Self-discipline
03:17 Overcome Greed
04:25 Revenge Trading
06:16 FOMO
08:04 Self-reflection
09:03 Rest
09:48 Recap

#Trading
#TradingPsychology
#TradingTips

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#Trading #Psychology #Tips #Avoid #Common #Trading #Mistakes

Some Toughts (42)

  1. Avatar
    added on 26 Sep, 2020
    Reply

    Really thank you

  2. Avatar
    added on 26 Sep, 2020
    Reply

    Really needed to hear this after taking a loss of 6000 EUR on hotel stock 🙁 never going in tourism stocks anytime soon

  3. Avatar
    added on 26 Sep, 2020
    Reply

    David, for me, I really liked your 'slightly different' video, here. You touched on the many points for all traders, new and experienced, to keep mind of. Very excellent sidestep off your normal routine, and surely to help all your followers. Thank you, Sir.

  4. Avatar
    added on 26 Sep, 2020
    Reply

    it is all me. last week destroyed my portfolio

  5. Avatar
    added on 26 Sep, 2020
    Reply

    Thank you David for great video. I have started trading not a long ago but each time I lose the trade I learn a lot from it. When I started to trade small, risking to loose only 0.01 precent of capital or less I did not felt gread or fear and other emotions and it's a lot easier to trade when you are not controlled by your own emotions 🙂

  6. Avatar
    added on 26 Sep, 2020
    Reply

    That's useful information, thank you very much! More videos about risk management will be greatly appreciated.

  7. Avatar
    added on 26 Sep, 2020
    Reply

    Thanks David, brilliant!
    Probably your most valuable video yet for traders.
    Trading is 80% psychological and 20% asset picking.
    Cheers

  8. Avatar
    added on 26 Sep, 2020
    Reply

    Great video. Saved for watching it again and showing it others.

  9. Avatar
    added on 26 Sep, 2020
    Reply

    Nothing is more important to the proper execution of a trade than one's own thinking & trading psychology is the most overlooked component of consistently successful trading. It's much easier to blame market conditions, but the truth is that the trader is often their own worst enemy. Great content like this is why I'm a subscriber, already looking forward to the next one!

  10. Avatar
    added on 26 Sep, 2020
    Reply

    Great video. For me personally, jumping into trading turned out to be a disaster as I started trading for the first time in February this year. You can imagine how that went. 😅
    My biggest lessons are Risk Management and FOMO. Both are very important to keep in mind.

  11. Avatar
    added on 26 Sep, 2020
    Reply

    As traders, we should always be aware of the psychology, but it’s very important for someone else to remind us. Thank you for the big reminder after a rough week of trading. Truly appreciated!

  12. Avatar
    added on 26 Sep, 2020
    Reply

    I really liked this one David. Some very helpful tips which I’m learning from experience. Great to have this guidance to compliment the lessons I’ve learned the hard way. Thanks

  13. Avatar
    added on 26 Sep, 2020
    Reply

    Great format for a video David. More like these would be appreciated.

  14. Avatar
    added on 26 Sep, 2020
    Reply

    This is very helpful, thanks!

  15. Avatar
    added on 26 Sep, 2020
    Reply

    Links to each tip in the video:
    00:00 Intro

    00:14 1. Managing Risk

    01:57 2. Self-discipline

    03:17 3. Overcome Greed

    04:25 4. Revenge Trading

    06:16 5. FOMO

    08:04 6. Self-reflection

    09:03 7. Rest

    09:48 Recap

  16. Avatar
    added on 26 Sep, 2020
    Reply

    Thank you, I have learnt a lot from you.

  17. Avatar
    added on 26 Sep, 2020
    Reply

    Excellent video

  18. Avatar
    added on 26 Sep, 2020
    Reply

    Thanks!

  19. Avatar
    added on 26 Sep, 2020
    Reply

    Excellent advice David as I not long ago went through these emotions, the market was out to get me, I wanted revenge and it owed me right now this second. I clawed a bit back but took a large loss but I switched off the computer, put the kettle on and calmed down and in a strange way was glad I lost because I took heed of the situation and learned from it, you learn to improve and trade another day. 🙂

  20. Avatar
    added on 26 Sep, 2020
    Reply

    Thank so much, very helpful!

  21. Avatar
    added on 26 Sep, 2020
    Reply

    Make me feel like u genuinely care about your audience..wow!

  22. Avatar
    added on 27 Sep, 2020
    Reply

    Great content! Thanks for the info.

  23. Avatar
    added on 27 Sep, 2020
    Reply

    Words oficial wisdom. Thank you.

  24. Avatar
    added on 27 Sep, 2020
    Reply

    The enemy while trading is and will be always self, not the Market.

  25. Avatar
    added on 27 Sep, 2020
    Reply

    Thanks for the video.
    Peace to you, Sir.

  26. Avatar
    added on 27 Sep, 2020
    Reply

    Greed is why I trade.

  27. Avatar
    added on 27 Sep, 2020
    Reply

    👍 Thanks!

  28. Avatar
    added on 27 Sep, 2020
    Reply

    Hi David, can i check how do i see the previous live streams that you have done in the past few weeks?
    I really enjoyed the tesla battery day and wanted to see previous streams to gain more knowledge, thank you

  29. Avatar
    added on 27 Sep, 2020
    Reply

    Like always David "GOLD" dropping from you mouth kindly do more video like this a long way ahead to learn from you hoping this journey never ends thank you Capital.com and DJ creating such a great opportunity to tread of various financial assets and show how to be profitable in the markets much appreciate thank you !!!

  30. Avatar
    added on 27 Sep, 2020
    Reply

    Fomo, could of not said it better myself DJ. Every rushed trade will be a loss. Common sense and self control.

  31. Avatar
    added on 27 Sep, 2020
    Reply

    Thank you

  32. Avatar
    added on 27 Sep, 2020
    Reply

    Should have watched this video.. 4 years ago 🙃 This is very important. Good video 👍

  33. Avatar
    added on 27 Sep, 2020
    Reply

    Can you make video about Pharmacies for Covid-19 vaccine? Pfizer , Biontech, Moderna, AstraZeneca…Thanks!

  34. Avatar
    added on 27 Sep, 2020
    Reply

    Waiting for your Natural gas video

  35. Avatar
    added on 27 Sep, 2020
    Reply

    Thank you very much. Really insightful. Grateful to come across this channel.

  36. Avatar
    added on 27 Sep, 2020
    Reply

    Always clear and to the point…. Thanks for sharing this…. ❤️

  37. Avatar
    added on 27 Sep, 2020
    Reply

    I think this kind of videos are very welcome. Thank you ! More details on every topic are for sure of help. Maybe it sticks to our brains better.

  38. Avatar
    added on 27 Sep, 2020
    Reply

    Great video, thanks as always, for me is very important to remember this kind of tips in order to face a new week, thank you again!

  39. Avatar
    added on 28 Sep, 2020
    Reply

    If I had known these tips before I could have more money now. Good video. Greetings from Barcelona!

  40. Avatar
    added on 28 Sep, 2020
    Reply

    As a Poker Player (Texas Hold'Em) I was able to improve my game from beginner to an intermediate/advanced player (where I was able to win small non-professional tournaments (150-160 players $5000-$6500 top prize). Now that I am slightly older and I have the time and the interest, in trading stocks. This is what I am now spending my time doing. I see a lot of similarities from a psychological/mathematical perspective between the the two activities (applying a scientific/mathematical approach to essentially a game of chance). Thanks for the video. (p.s. still a beginner at the stock trading game)

  41. Avatar
    added on 29 Sep, 2020
    Reply

    David, can you please do a video where u analyze some of your own trades that resulted in losses. This way we can also learn what u have learned from these trades. Thanks

  42. Avatar
    added on 29 Sep, 2020
    Reply

    can you please do a video how to mange stock portfolio ( When to increase or decrease the weight of a stock in the portfolio )

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