Two Blokes Trading - Learn To Trade Online

Trading Psychology

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Sinopsis

Too many traders are told “it’s about psychology” but what they aren’t told is the truth behind psychology. In this episode, Jonathan and Rory breakdown the truth behind trading psychology, as well as sharing some of their best tips when trading and investing.The word psychology in trading is thrown around too loosely, understanding how to adopt an objective approach while trading will immediately give you an edge. If you have good risk management, then psychology around trading reduces significantly.During the episode, Rory mentions that too many traders don’t focus on risk adjusted returns I.e. how much risk you take to profit. Too many traders focus on absolute numbers rather than the statistics themselves and while it may seem rational and reasonable, often it’s not favourable. Make sure to ask Rory any questions around probability, statistics, or portfolio performance in the app!Jonathan also lets us in on how he remains in focus throughout his trading career.  He highlights that you are not always