Trading psychology and TA
Trading psychology and TA
I have observed great number of traders debate on the issue of having a solid psychology and right approach to trading better pay off than just relying on some Strong Technical Analysis but others don’t believe in psychology they base there points on having a winning strategy and proper risk management
What’s your take guy’s…
Does Psychology exist or is just an illusion of you not having the right approach and risk management, fundamentals…that affect your trades
First of all, explain what you meant as psychological trading.
Is it a type in which a trader will trade without having any bases of analysis? If that is it, it means the person is just gambling. Or does it mean a trader will not trade at all until the price of bitcoin has fallen so significantly? That is a good type of trading if that is what you mean.
But this would be good only for swing traders and holders. As for scalpers and day traders, technical analysis is very important.