Trading 212 teams up with trading expert David Jones for a series dedicated to the finer points of trading. First up is trading psychology and how hope and fear govern what traders think and do.
We discuss the importance of self-discipline regardless of whether you are trading gold, oil, forex or stocks. It is the fundamental building block of any trader's decision-making process and the one thing that allows them to keep a cool head when indicators and trends don't turn out as planned.
At Trading 212 we provide an execution only service. This video should not be construed as investment advice. Investments can fall and rise. Capital at risk. CFDs are higher risk because of leverage.
thank you very much, you have explain the big thing in easy way. the graph of big loss and small win drwan down the whole account. if somehow I manage or focus on small losses and big win , there is the chance I can be the part of successful traders which is one percent. thanks , I appreciate your work.
Thanks for this. I had a couple losses yesterday after a week of solid gains but the losses stayed on my mind till I watched this video. Ultimately, I think I made the right decision (even though it doesn’t feel like it at the moment, lol😆.) I bought into a false breakout then noticed what appeared to be an impending sell-off, and so I sold for a loss and then the price spiked up. 🤦🏾♀️. I’m still relatively new to trading but my thought process was “hope can sometimes be dangerous, right? That’s why it was the last thing in Pandora’s box...” Anyway, I think I did the right thing given my experience level. This video helped a little. Thank you.
I am a little bit up overall since beginning to trade some small play money. My biggest problem has been that I chicken out when the market moves in my favor! Setting stop losses and getting out of a trade has been easy for me, it makes sense. But as soon as I start winning I worry about loosing what little I've gained. So on my best market decisions I've pulled out way to early. Typically when the market starts moving a little in the wrong way again I fear that this is the top, and I pull out. Looking at the data later I can see that I should have stayed in the trade for days.
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I had a trade on Sep 25th where I had a 500 loss. I held, hoping it would turn around. It went to a 700 loss and on Sep 28th I sold. Fast forward to today 9/15 I could have sold for a 2300 profit. I am thinking of beating myself with a hammer.
Love the way your put this point over. I seem to win more trades then lose, and one reason is that I hold onto trades no more then the day , ride it out and boom in the money. So how come its working for me? Example David if I may. I traded on gbp/cad today and low and behold put trade on and over a £1000 in the red! within 5 mins. I must admit I always look at price action, but in the end I was in profit by £220. Now if I put a stop on that I would be out of pocket....I hate stops but I know they are needed. Thoughts buddy..TreV
Work out if you need to pay.
When you know your gain you need to work out if you need to report and pay Capital Gains Tax.
You may be able to work out how much tax to pay on your shares.
the same type, acquired in the same company on the same date sold at the same time.
sold other shares in the tax year sold other chargeable assets in the tax year, such as a property you let out claim any reliefs are a company, agent, trustee or personal representative.
Reporting a loss.
The rules are different if you need to report a loss.
Fifth most actively traded share.
Market capital of DKK 206 bn.
Shareholders by geography.
Rest of Europe etc.
Ratings from equity analysts covering the Danske Bank share and consensus earnings estimates.
Selling in special circumstances.
shares you bought at different times and prices in one company shares through an investment club shares after a company merger or takeover employee share scheme shares.
Jointly owned shares and investments.
If you sell shares or investments that you own jointly with other people, work out the gain for the portion that you own, instead of the whole value. There are different rules for investment clubs.
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