The trade4trade logo symbolizing global trade

トレーディング心理

トレーディング心理とは取引で下される決断における心理的および感情的な要素であり、トレーダーの人格と行動が反映され、取引結果を左右します。

Notably, there are many ways in which these aspects of one’s character are exhibited, be it through fear, greed, arrogance and even hope. But of the four emotions, fear and greed are considered to have a primary influence on trading psychology, particularly in regard to risk taking and discipline.

 

Being too greedy may lead to decisions that are considered overly risky. Being too scared can result in missed opportunities or hindered trading with little capital gain. Developing self-awareness is likely to help a trader identify recurring negative behavioural patterns and the way they cloud sound judgement.

 

This enables the trader to address the behaviours to ensure objectivity and rational trading decisions.

行動ファイナンス

The study of trading psychology looks at the reasons behind traders making potentially foolish decisions in the market or pertinent to other financial matters. Behavioural finance in particular melds psychology and finance to investigate the impact of human behaviour on financial choices and trading outcomes.

 

In other words, it identifies psychological influences and biases that drive trader and financial practitioner behaviour and explores how this behaviour can affect market outcomes. Behavioural finance is also examined to gain a better understanding of different outcomes across a range of sectors and industries.

 

Additionally, behavioural finance proposes that financial participants are not entirely rational or perfectly self-controlled. Instead, they are influenced by psychological factors, and possess relatively normal, self-controlling tendencies. Behavioural finance also purports that decision making in the context of finance is driven by one’s mental and physical wellbeing. 

 

In other words, one’s mental state fluctuates based on the level of their overall health. Some of the most common behavioural biases include overconfidence, herd behaviour, mental accounting, emotional gap, anchoring, self-attribution, and loss aversion.

感情的な取引

Another popular term falling within the scope of trading psychology is emotional trading (or emotional investing). Similar to behavioural finance, emotional trading refers to behavioural impulses triggered by market volatilities, resulting in emotional buying or selling of assets.


感情的な取引は、パニック、欲望、興奮、恐怖、自信過剰などさまざまな感情の影響を受ける可能性があります。


Some common examples of emotional trading decisions include overtrading, panic selling, confirmation bias, and others. Getting a handle on emotional trading requires emotional intelligence to maintain discipline and manage psychological stressors.


Engaging in ongoing learning and investing in personal development will help a trader acquire vital skills like self-regulation, empathy, and confidence.

取引での直感

An additional key aspect of trading psychology is the concept of trading instincts, i.e., the intuitive or gut feelings that traders may experience when making decisions in financial markets. 

 

Trusting one’s instincts however comes with a robust self-awareness and having the ability to separate a legitimate, rational decision from one driven by emotional impulse. It’s realising that one’s objectivity may be skewed or clouded by bias and taking the steps to rectify the problem.

 

合理的な判断力が心理状態によって鈍る最も一般的な3つの例として、感覚的バイアス(バイアスのかかっている可能性のある情報に基づき意見を形成する)の影響を認識することや、曖昧さの回避(未知のものに対する漠然とした恐怖感)、期待の明確さ(期待の実現でなく今実感している期待感を主な拠り所とする)が挙げられます。

Pie chart showing distribution of data with a green circle representing one category and a blue circle representing another.
Youtube Icon on T4Trade Site: Connect, Share, and Explore Financial Insights with our Social Media Presence.
T4トレードライブテレビ

Thank you for visiting T4Trade

This website is not directed at EU residents and falls outside the European and MiFID II regulatory framework.

Please click below if you wish to continue to T4Trade anyway.

Thank you for visiting T4Trade

This website is not directed at UK residents and falls outside the European and MiFID II regulatory framework, as well as the rules, guidance and protections set out in the UK Financial Conduct Authority Handbook.

Please click below if you wish to continue to T4Trade anyway.