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The psychological plan of the trader. What are its features.

Trader's plan

A large number of factors affect trading results. I have already talked about some of them in my blog, including the trade plan. But today I want to pay attention to another important issue – psychology. In addition to trading, it is very useful to have a psychological trader’s plan… Almost every trader who has even a little trading experience noticed that after switching from a demo to a real account, the trading efficiency decreases. I am sure that in most cases this happens under the influence of a psychological factor. It is easy to follow the terms of the trading strategy in demo trading The trader knows that even with the most unfavorable developments in the market, he will not lose anything. As soon as real money trading begins, fear, greed, and other negative emotions intervene. To prevent this from happening, you must have a psychological trader’s plan

The main components of the psychological plan

The first point of such a plan should determine the trader’s attitude to losses. In fact, this is a very serious question. The trader must understand that unprofitable trades were, are and will be in the trade. They are not a catastrophe or evidence that a trader does not know how to trade at all, and therefore will not be able to make money in the market. Losses are just signals that a trading strategy requires some adjustments. And even after making changes, there will still be unprofitable orders. It is basically impossible to predict the price movement with 100% accuracy. The goal of a trader in trading is to achieve a level of professionalism in which the number of winning trades will always exceed the number of losing orders.

The trader must train himself to maintain a neutral emotional state at any completion of a trade. His attention should be focused not on the results of each closed order, but on the trading process itself. Strict adherence to the TS conditions is a basic rule for a trader.

Into the psychological trader’s plan work on controlling emotions should also be included. It is they who often lead to large losses or even to the loss of all funds. Solving this problem is not easy, but it can still be done. This will require a certain period, during which the trader must carefully monitor his emotional state. What is necessary to pay attention to your emotions both during trading and after closing trading orders. I was convinced from my own experience that as soon as you clearly realize the appearance of a particular emotion, its power weakens. But this requires some training.

The best option for a trader is to make money on the basis of two plans: trading and psychological.

Inga Fedorova


Moris Akline
About author

Speculative operations in the foreign exchange and stock market. Work with futures and indices on CME. Work on FORTS and RTS. Development of portfolios and investment strategies for clients. Knowledge of technical (price charts of various types, indicators and oscillators, trends, channels, support / resistance levels) and fundamental analysis, take note of news. I work according to my trading strategy in compliance with the rules of capital management and risk management. Development of trust management strategies. Technique of order execution, placing and changing protective stop-losses, hedging.
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