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psychological problems

Just remember that a loss trade is not necessarily based on bad decisions, and that a win trade is not necessarily based on good decisions. It is easy to confuse a single trade outcome (which is still to a large extent random) with a structural problem in the strategy or your behavior (outcome bias). However, it is easy to get into this toxic spiral of adjusting your behavior if you see losses, and that effect is accelerated as you trade on a live account.
Absolutely! Market movements involve an element of randomness, and individual trades can be influenced by various factors beyond one's control.
[quote=Mertens;14522544]
{quote} Maybe you will like this one: "Thinking, Fast and Slow" by Daniel Kahneman "The Power of Habit" by Charles Duhigg "Mindset: The New Psychology of Success" by Carol S. Dweck
Ive read thinking fast and slow and its really nice. I haven't the other two. Ill chdck it out
Trading is gambling. So gamble responsibly.
Here is another excellent book that among the rest has a great part focused on understanding the market but also the job as a daytrade. It抯 from Alexander Elder and the title is 揟rading for a living.?It gives an excellent and different perspective to daytrading from a psychological pov. To treat it as a business. Also the comparison with the AA concept is good. Instead of focusing on the win, focus on the loss and how long you can avoid making a significant loss. It truly helped me develop as a trader and can say that this is the single book that helped me build the right trading psychology.
I noticed that I have a psychological problem, the simpthoms are clear, in demo I win, in live I lose, and a lot. Cannot understand why, I don't notice that I get more nervous or anxious, just it happens in that way, I can switch from day to day and it keeps happening, really frustrating. Anybody have any advice about that? any kind of help will be highly welcomed thanks in advance
You need a system that allows you to break away from the charts and not be staring at them 24/7.

If you don't have a system, you are allowing yourself to be easily manipulated into stacking losing trades.
I noticed that I have a psychological problem, the simpthoms are clear, in demo I win, in live I lose, and a lot. Cannot understand why, I don't notice that I get more nervous or anxious, just it happens in that way, I can switch from day to day and it keeps happening, really frustrating. Anybody have any advice about that? any kind of help will be highly welcomed thanks in advance
My advice is to use an EA to trade for you. Totally emotionless and beats sitting in front of the screen for hours..
Sit down and write a clear, step by step prompt for AI to write for you. It may take many attempts to get code error free, but then backtest, optimize and demo trade.
Then trade live on small lots..
Im only here for the Guzzoline...
Well it抯 trading. Sometimes I used to sit for months waiting for good setups, especially when the market was consolidating. Of course it抯 hard psychologically to see the whole day in front of a chart and not see any entry points. Maybe you抮e in the wrong phase of the market, while on demo you used to trade in a strong trendy market, like @vanca already mentioned in the thread. In this case, I can recommend you only to be patient and write everything to trading journal to track your behaviour, whenever you switch to live trading.
Well, first of all, demo isn抰 live trading. When you trade real money, your attitude changes because it抯 all in the brain - loss avoidance and reward mechanism (read some psychology behind traders?behaviors/decision making).
To me it seems conniving because it抯 subtle, you don抰 notice it at the start - you抮e seeing only the result or when things have already accumulated. Like at the beginning, you enter a bit too early or you exit a bit too late厃ou see? It抯 tiny shift, and it gets unnoticed because you抮e like 揑抦 in control, all solid.?Or you just are not sure about a potentially good setup. And then all that gets accumulated with time and reaches its critical mass - the pattern has been formed.
Demo has no urgency, and live gives attachment to trade outcomes.
What helped me is I trade very small, so a potential outcome is insignificant hence I抦 not attached to that. And I forgot about my pnl. I just ask myself if I followed my rule(s). You can even compare yourself being in this mode for like a week or 2 and then concluding if you stayed within the set limits.That抯 it. Hope it helps...
Hmmm, it is really interesting....
I always thought that if you are winning in demo, then it means you have a proper tradign system. Therefore, once transitioend into real trading, then there should not be any problem.
I might suspect two things:
-U probable dont "win" even in demo. Maybe you overlook things like comissions, spreads and have lots of hybris.
-U have an edge, but indeed you have serious psychological barriers.
For the second part I d suggst to scale down your commetment in temrs of $ per every single trade. That way, you should have compelte emotioanl attachement. Then, try to jounral ur feelings, lile literaly.. Note what u feel and how and at what moment.
I read in the New Market Wizzards, a trader, named RIchard Burgh (I hope I havent mispelled his surname) had some issues with emotional control. And journaling actually helped him.
Not really u need a strategy and a tradin system then u can win in demo as well as in real account