How becoming accountable for your Trades may boost your performance: A data-driven Analysis
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Daytrading, scalping or swing trading can be very lonely, without much feedback, and it is hard to learn from others. While this independence can be very attractive, it also imposes risks for traders for feeling less accountable for your trades because nobody is looking over your shoulder. In trading psychology it is well-known that certain accountability, exchange with other traders, and knowledge sharing can actually help to improve the own trading performance. You can achieve this by becoming a signal provider for copy trading, sharing your trading ideas, or discuss with other Crypto, Forex, or Options & Futures traders out there, discussing their thoughts and opinions, and giving and receiving help with trading behaviors. Hoc-trade measures whether having your trades published on the hoc-trade platform indeed has positive effects on your overall performance. It may not be possible to narrow it down to one specific effect, but in general there is an overall tendency of traders actively sharing their trades and performance to yield better results.
*Note: Sharing, discussing, and chatting functions are being released step-by-step on hoc-trade
hoc-trade, an AI-powered Trading Analytics tool has 40+ analysis of trading behaviors to help you become a better trader.
👉More support & background on our Discord server: discord.com/invite/hcvytJnb5U
00:00 Background of being accountable for trades
04:28 Analysis chart explanation
05:26 Further thoughts on exchange between traders
Learn more about trading, how to use hoc-trade, and behavioral biases in Trading by subscribing our YouTube channel with regular updates: @hoc-trade2270
hoc-trade Empowers Traders
We pioneer behavioral AI software, judging the profit likelihood of trades ahead of time. Learning from thousands of traders, our software identifies your behavioral patterns and guides you to better trading decisions. Fully integrated to your broker/ exchange or at hoc-trade.com.
- Detailed personal dashboard
- Real-time alerts & warnings
- Benchmark to profitable traders
- Fully automated historic & live trade integration
- For Forex, CFDs, and Crypto traders
Do you cut your profits early, revenge trade, fight the trend, dollar cost average, always enter & exit trades too late, or increase risk during loss streaks?
hoc-trade will identify those behaviors in your past trading data, reveal it in your personal dashboard, and warn you in case acting in those behaviors again.
hoc-trade is a tool for all types of traders, from beginners to advanced, loss-making or profitable already. It gives you the necessary visibility on your behaviors and the according performance effect. As it is based on behaviors, psychology, and the behavioral biases (behavioral finance), it applies to any trading market.
#daytrading #forextrading #tradingemotions #riskmanagement
As always when dealing with cryptocurrencies, forex and trading in general, please make sure to do your own research and take the required time to process and execute. The information in this video may be outdated.
DISCLAIMER: The information provided through the videos or in any other form (e.g. written on website) are no financial advise. We are not a professional advisor in business areas involving finance, cryptocurrency, Forex, taxation, securities and commodities trading, or the practice of law. The information and content written, broadcasted, and/or disseminated by and through Dr.fee and hoc-trade is intended FOR GENERAL INFORMATION PURPOSES ONLY. Nothing written or discussed is intended to be construed, or relied upon, as investment, financial, legal, regulatory, accounting, tax or similar advice, nor should it be. All content expressed by any means through any channel of dr-fee and hoc-trade is premised upon subjective opinions and possibly incomplete and outdated information. We cannot be held liable for any form of loss based on your actions.
HIGH RISK WARNING: Foreign exchange, cryptocurrencies, and other CFD trading carries a high level of risk and may not be suitable for everyone. The usage of leverage creates additional risk and loss exposure. Your investment objectives, experience level and risk tolerance have to be taken into consideration before you decide to trade foreign exchange, cryptocurrencies, or other CFD products. You could lose some or all of your entire investment. Do not invest money that you cannot afford to lose and always use an appropriate risk management. It’s important to educate yourself on the risks associated with foreign exchange trading, and seek professional advice from an independent financial or tax advisor in case of any questions. Any data and information is provided ‘as is’ solely for informational purposes, and is not intended for trading purposes or advice. Past performance, including fees, which are presented on this website or you find somewhere else, is not indicative of future result
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در تاریخ 1402/05/09 منتشر شده
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