Trader Psychology: The Invisible Face of Success | Şule Besli | Trader Diary

Psychologist and Trader Şule Besli, emphasizing that success in the Crypto currency markets depends not only on technical knowledge but also on a strong psychology, made striking assessments in her statements during the Trader Diary program on Coinkolik.

Besli stated that traders cannot win their trades solely through psychology, but a healthy psychological foundation is essential. "When I first entered the sector, it was said to be 50% knowledge and 50% psychology, but I couldn't understand the psychology part. Through experiences, I saw that success doesn't come without psychology."

Discipline is Essential for Success

Besli, who emphasizes the importance of discipline, planning, and knowledge to become a successful trader, stated that spending all day in front of the screen is not beneficial, but rather harmful both psychologically and physiologically.

Manipulation and Social Media Effect

Reminding that the Crypto markets are open to manipulation, Besli stated that the high profit shares seen on social media negatively affect traders: "The transactions that phenomena show externally are not always the same as what they actually do. When people compare themselves to others, they feel a sense of inadequacy."

Trading Addiction and 'Revenge Trading'

Besli, stating that continuously opening trades can turn into a psychological addiction, emphasized that "one must know how to close the screen." Otherwise, he said, losses will increase and the effort to compensate for the losses known as "revenge trading" will come into play.

The Fine Line Between Gambling and Crypto

Besli, stating that the prejudice against the stock market and crypto in Turkey stems from misinformation and unconscious transactions, expressed that unplanned and unresearched investments have turned into gambling. “Many people are losing money by investing in graphs they know nothing about, either through debt or by using their savings. At this point, financial literacy is critically important.”

Result: Realistic Goals and Planned Transactions

Besli emphasized that investors should set realistic goals and act according to a plan rather than making emotional decisions, while also reminding them that losses are part of the process.

This article does not contain investment advice or recommendations. Every investment and trading action carries risks and readers should conduct their own research when making decisions.