Tag Archives: Ego and Trading psychology

Mastering Loss Aversion: The Key to Successful Trading Psychology

By | April 19, 2023 2:51 pm

Loss aversion is a critical psychological aspect that traders must conquer in order to achieve success in the competitive world of financial markets. It is the tendency to be unable to accept a loss once in a trade, leading to decisions that deviate from the trading plan and result in bigger losses than originally calculated.… Read More »

Why Traders Stick to Losing Position?

By | June 15, 2012 11:13 am

From a psychological point of view nobody wants to sell at a loss as in most situations in life making mistakes and admitting them is associated with being a loser. That’s why most people prefer sticking to a losing position. They don’t want to be labeled a loser. So they start hoping their position will… Read More »