Trading psychology plays the most important role in intraday trading.

Most traders do not understand this important topic.But don't pay much attention.
That is why there are many traders who come to trading in the share market after a lot of training but still fail even though they have spent a lot of money to trade.

And trading strategies etc. are learned. But these traders not Understand that when they are doing everything right Still, why are they incurring losses in trading?

The reason for this is that wherever we learn about Intraday Trading, those people teach us a lot of technical analysis, strategy, and rules.And after learning all this when we enter the live market When we go for trading, in most cases we fail.

The reason is that we do not know what state of mind we need to be in to apply what we have learned in the live markets. Most traders do not even know about trading psychology, and those who do know very little.
Even if you know, there is no gap in learning and understanding. Here we will know what exactly is Trading Psychology and why it is considered so important? 

What is intra-trade psychology?

While doing Intraday Trading, what rules should we follow, how much profit should we take, how much loss should we take, how should we make our strategy and when and how should we apply our strategy in the live market?
This is something every trader should know. And to get the benefit from all this, it is necessary to make some rules for your trading.

To follow these rules, it is very important to control your emotions. It is not easy to control your emotions because for this it is necessary to control your mind. For this we must develop a trading psychology within ourselves, which is possible only with continuous practice.

Once we succeed in controlling ourselves and following the rules, intraday trading becomes quite profitable for us.

Creating your own rules and strengthening yourself mentally to follow them exactly while trading is Trading Psychology.

How To Develop Trading psychology ?

Here are some rules to develop your trading psychology, which you can follow to develop your Intraday Trading Psychology quickly can be developed.

Controlling the emotions of fear and greed:-

When a trader does intraday trading, there is a fear in him that he might incur a loss; due to this fear he closes his position very quickly.

(Position) Closes. The result of which is that he is not able to get his maximum profit.

On the other hand, there is the opposite feeling of greed, although greed motivates traders for intraday trading, but most of the traders are afraid of greed.

By falling into the trap, they cause a loss.

Like a trader has entered a buy trade and he thinks that the price of this stock will go up a lot today, but the stock starts falling down, but the trader does not want to exit that trade because he remains greedy that right now The stock will go up. Whereas the price of that stock falls significantly by the end of the day and the trader must suffer huge losses.

If he wants to be successful in intraday trade, the trader will have to keep both these emotions under control. To keep these emotions under control, a proper plan for that trade should be made before making the trade. You should have a clear policy as to when to take this trade, how much profit you should make to close your position and what will be my stop loss in this trade.

All this planning should be very clear before the trade plan and during the trade we should only watch the chart and act as per our plan. Human nature is such that it is not easy to control one's emotions; one can master it only by practicing continuously.

Therefore, an intraday trade trader first needs to practice controlling his emotions, only then we can make money from any trading strategy.

Will be successful in making.

Focusing on Profit:-

Everyone knows that in Intraday Trading, most of the people fall into the trap of earning more money in less time and less money. It is also true that.

With intraday trading, you can make a lot of money in a very short time, but for this you need to control your mind.

It is also important to strictly follow the rules of whatever technical analysis or strategy we have learned. Whatever intraday trading success formula or strategy we learn, its only purpose is to make money in trading. Therefore, before trading, always keep in mind that we are taking a trade only to make money and do not allow any such mistake on our part which may cause us any loss.

The best thing is to create our own strategy and practice our strategy for a few weeks by taking small amounts of stock.

Test your strategy in every market condition and develop your trading psychology on that basis. When continuously on something .If we practice for a long time, then we will understand every detail of it.

If you understand this, your self-confidence will also become much stronger. When we pursue victory with confidence, the chances of success will also increase to a great extent.

If we speculate on the stock market and intraday trading as a casino, then there will be only profit and loss because the stock market is a kind of business. Never make the mistake of thinking that this is speculation.

Don't be sad at a loss.

One thing should always be kept in mind.
That ‘the stock market can neither always give profit nor always give losses. But the combination of these two gives the burning result, if ever we become a loser.One should not be too sad because of all this.

Our trading rules are very beneficial for us here because if we strictly follow our trading rules then we will never have to suffer much loss. There is no need to take the loss too seriously nor should one resort to reverse trading to compensate for the loss.

Overall, we have to maintain our mental balance in every situation, and this will be possible only when we develop Intraday Trading Psychology in ourselves.Started developing.

Make quick decisions:-

We are very fast in Intraday Trading.
Sometimes decisions are taken in a few seconds because there is not much time to think and understand. There is a greater possibility that such an intraday trader is taken in a hurry only on the basis of emotions. Whereas here we must take decisions not on emotions but according to market trends and circumstances.

If we have the right trading plan in the first place and do systematic trading with discipline, then we can take decisions as per our plan and market conditions and not on emotions. In this way your chances of success on the decision lane also increases significantly.

Trading Psychology makes you a successful trader.

It was also mentioned earlier that the strategy and rules in Intraday Trading will be able to give you profit only when you strictly follow all these.It is not that easy.

Fear and greed are such emotions in human nature which are very difficult to control, but once we control these psychological emotions,

If you learn to do it, you can earn good money with Intraday Trading.

We must always remember the truth that 70 percent of our intraday trading psychology contributes to our success.The remaining 30 percent is our strategy, rules andTechnical analysis contributes.

Trading-Psychology-Developed-But it is shown that traders pay more attention to 30 percent items only.
And I work hard on that too. The usefulness of the psychology of trade is never considered. The trader who understands the usefulness of intraday trading psychology.And he works on it, he gets lots of money here.

Such people are only 5 percent. 95 percent of the people do not understand the importance of Trading Psychology, hence even after mastering all the strategies and technical analysis,

They lose their money and get out of the market.

You now understand what trading psychology is, and what makes you a successful trader. If you also do Intraday Trading.If you want to make money, then start your trading first.

Start practicing developing your psychology (Intraday Trading Psychology) today itself. Slowly but surely, you will find yourself among the 5 percent of successful traders.