Trading management and psychology #Tradingview #Options

What is the role of psychology in trading?
Trading psychology refers to the mental state and emotions of a trader that determines the success or failure of a trade. It represents the aspects of a trader's behavior and characteristics that influence the actions they take when trading securities.

How to practice psychology in trading?

How to Improve Your Trading Psychology

1.Get Yourself in the Right Mindset. Before you even start your trading day, simply remind yourself that markets are never constant. ...
2.Have a Great Knowledge Base. ...
3.Remind yourself that you are Trading in Real Money. ...
4.Observe the Habits of Successful Traders. ...
5.Practice!

How to control mind in trading?

Here are five ways to feel more in control of your emotions while trading.

1.Create Personal Rules. Setting your own rules to follow when you trade can help you control your emotions. ...
2.Trade the Right Market Conditions. ...
3.Lower Your Trade Size. ...
4.Establish a Trading Plan and Trading Journal. ...
5.Relax!