Hope/Fear/Greed - Managing Emotions in Trading
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- Опубліковано 11 вер 2024
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Hope/Fear/Greed - Managing Emotions in Trading David Paul, Financial Trader and Managing Director of Vector Vest UK comments. If you found value in watching this video, PLEASE LIKE AND SHARE so we can do more! We've touched about controlling your emotions in trading - I do a workout everyday and it really helps. Give demo accounts a month or two but then switch to a real money account - virtual accounts lack the emotions - so use a real money account but start very small.
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My biggest downfalls in trading are my emotions and greed. Those two combinations cause me to trade when I shouldn't and stay in a trade when I should get out. which is weird cause I'm usually not a greedy person
Have a plan.
Trade your plan.
Dont trade outside your plan.
If needed, change your plan.
Counteract every fomo habits you have
This guy is incredibly underselling himself. After watching these interviews i have a lot of respect for him.
How this channel doesn't have 100k + subs is beyond me.
Some of the best trading interviews I've ever seen on YT
This David Paul guy is amazing. Wonderful person with vast knowledge of the markets. This interview should be referenced time and time again, for new and veteran traders.
When you have a big position on a winning trade, it often ends up as a losing trade. Because you will end up exiting on a loss when you get hit by volatility. Something a learned in the past.
I agree, I made 20k on a real good trade, I managed to then loose over 9k over 4 weeks. I took a step back, I have been persistent and despite a loosing streak I am now becoming profitable and have learnt huge amounts from the loss and gain. If you let losses make you quit then you do not deserve gains. Education costs money and I can assure you, I have paid for mine emotionally and financially, however technically I only lost 9k out of 20 so the education was free in it's own way. Remember to take profits, soon as the trend bends make sure you END it, do not hope it will bounce back, its game over.
I believe demo trading is very important in the beginning. I see it as a boxer training for a fight, sure training and sparring are not the same, but you can't go into a real fight without training.
I lost my trading psychology. 😕. Came back to watch him again to remember what I've learnt from him
This guy has a lot of knowledge, and seems to be a very pleasant guy with a nice sense of humour 👍
I came here always when fear possessed me fear of open a trade fear of losing my profits to get some energy... emotions are really hard to train it and it won't be trained only if ya trade with a real account. Best of luck to all of ya dear colleagues
5:05 there is a little secret here. Listen to this bit. It took me nearly 12 years to find this out. He just spelt it out so easily.
Top man, insightful. The interviewer is really lovely :)
I wouldn't say you stop the thoughts, that just creates more internal conflict, best to let them happen but don't hang on them.
3 people aren't in touch with their emotions. Another great talk from Mr Paul, he may be my favourite guest for overall knowledge on this channel, followed closely by Steve Ruffley for philosophy, Mark Sturdy for technical advice, and Francis Hunt for practical application.
Shooting range analogy 👍🏾
That’s what I do. Put 10% in then build my position depending on where the stock goes
Baby steps. that is myself. Happy to make £20 per trade on 50p
I took infant steps, make 1 dollar on 10p....
Thanx UK for these interviews
Underrated.
This guy is really awesome. Thanks a lot for sharing your wisdom with us.
Very informative video. Greeting from Angola 🇦🇴
There are old traders there are Bold traders... Then there's David Paul
My positive trades ratio higher than losing but still I'm not making profits because when I lose 1 trade, I take 2 trades without proper analysis n that's the beginning of downfall which involves my emotions. Honestly, struggling even now n not gonna give up but this isn't an easy journey to learn n earn but practice has important role also
I love this channel! Amazing stuff
I just lost 1500+$ because of holding long losses and holding long profits they turn into loss. I learned to not hold anything for too long
After six months of doing active trading strategies so far I already profit over 10% from my orginal investment (is a small operation) but it could have been way better however I screwed it up due to my poor emitonal control, for example I sold Moderna and Disney stocks before they reached their highest gains just because I wasn't patient enough and of course I felt like the dumbest person on earth but as some say time beats timing and I'm here cause I don't want to make that kind of mistakes again.
This is a class act! If you want more, a similar book is the perfect follow-up. "A Life Unplugged: Reclaiming Reality in a Digital Age" by Theodore Blaze
No one is rooting for the interviewer, very intelligent looking lady with a beautiful laugh
Babypips...babysteps 👍🏻
My problem is my analysis is perfect, i have ptsd, i freeze up and i cant click on the trade, fear that it will turn against me, even though i have seen so many times i am right on my analysis. I see my set up, i just freeze and dont enter.
My fear always keep me exit a good trade too early. Still trying to be better
Is there a full video on this?
This is gold
That was excellent
This man David Paul was a great man .
The interviewer however , in a previous interview when asked what the chance of two 50:50s in a row she said she didn’t know !!! He told her a quarter … a half x a half
He later asked her what the chance of three 50:50s in a row were …..
She said I don’t know ❤
Why is somebody of this calibre interviewing a master of his craft ?
It would be like me asking George Bush a question about Iraq and sitting back and when he asks me a question I just say I don’t know ❤
Pathetic really
Thank you for this video i really need to hear it
his speaking in terms of stock but im currently learing how to trade forex and ic can see how this can apply to all types of trading because its all the same just different assets being trades
0:22 (time stamp for myself)
That’s all well and good in theory, but all bets are always off for me whenever I’m in it, watching the market move against me is a horrible feeling. Painful
Questions are you prepared to be successful
Learning trading is worth the risk for ordinary people making 10k a month or more
Brilliant Ideas
Nice bird x
I wonder how his portfolio is doing now.
I seriously thought that was AOC 👀
By using a good Ea your emotions can not blow your account
I am here cuz I greedy today
WOW, this woman is so infatuated with him.
Lost over 40000 IM NOT GONNA GIVE UP!!!!!!!!😅