Trading psychology management is not simply controlling your emotions, and the issues typically referred to as trading psychology; trading psychology management would be a process used to control the actions that you take while trading that cause these emotions to occur, which then cause you to make trading emotion decisions instead of trading method decisions.
What are you doing to include trading psychology management as part of your approach to learning to trade, as part of your approach to progressing as a trader?
If you are going to trade, you are going to be affected by psychology - this is the only guarantee from trading that anyone will ever get.
Traders spend so much time searching for that perfect trading system, but they do so little to actually prepare to become a trader - preparation that includes their learning approach, preparation that includes their mental approach to the emotions and stress inherent in trading.
WHY Is That The Case?
Are you aware of the need for trading psychology management?
Are you avoiding the need for trading psychology management?
Are You Actually The Cause Of Your Trading Psychology Issues?
This would be the situation if your approach to trading isn't one of a learning progression that includes a continuum of: study, performance, feedback, adjustment - with feedback being the most important component to this progression, as it's feedback that is necessary for the understanding of things that you are doing wrong, but cannot determine for yourself. Unfortunately, many people will not put themselves in a position where they will allow feedback. This is a primary example of trading psychology management avoidance. Since feedback is also stressful it's avoided, but the avoidance interrupts the learning progression, which in turn keeps the person from being able to 'go forward' as they also aren't able to effectively learn on their own - leading to more stress and emotion - etc etc etc.
This would be the situation if you are doing anything while paper trading, that you wouldn't plan to do if real money trading. Why would you spend your valuable time 'practicing' trades that are non-method, what do you think this accomplishes besides invariably creating bad habits? Isn't the reason for paper trading the learning of base method setups that you can trade with real money, before you have real money at risk, don't you want to be a real money trader?
This would be the situation if you are making a large percentage of non-method trading decisions AND then 'excusing' those decisions through rationalizations and justifications. What is your goal, being right or being profitable?
This would be the situation if you are taking a large percentage of non-method trades like those 'missed' trade chases, those breakouts at resistance or support, those multiple congestion trade 'flips'. Why are you trading non-method trades to this extent, have you not defined base method setups?
These situations are all actions interrupting learning and leading to losses that come from emotion and continue to escalate emotion to an extent where method does not exist. The outcome makes profitability impossible, yet you can't 'blame' method because your aren't trading method - you are the cause.
