Trading Psychology and Investor Mistakes: Critical Advice from an Expert Psychologist

Psychologist Oğuzhan Güzel was a guest on the new episode of Trader’s Diary published on Coinkolik. The program thoroughly discussed investor psychology, mistakes made during trading, cognitive biases, and ways to improve the process.

The Role of Psychology in Trading Success

Oğuzhan Güzel stated that it is not possible to win solely with technical and fundamental analysis knowledge, and that investors who integrate psychology are more successful in the long run. For a successful trader:

• Learning from mistakes,
• Be process-oriented,
• Prioritizing risk management emerged as important elements.

The Biggest Misconceptions of Investors

The cognitive errors that are frequently made in the program were also discussed. In particular:

• Confirmation bias (only searching for information that supports our own opinion),
• Fear of missing out (
• To go against the market, causing investors to frequently experience losses.

The Importance of Keeping a Trade Journal

Oğuzhan emphasized that investors should not only write down their transaction records but also their emotions, thoughts, and behaviors before and after the transaction. This way, he said, recurring mistakes could be identified and processes could be improved.

Is it Crypto Gambling?

Güzel, stating that cryptocurrencies are not gambling, expressed that investors need to develop financial literacy.

• “Just because a phenomenon said it, buying the coin does not eliminate the investor’s responsibility. You are the one who presses the buy button.”

Tips for Beginners

• Focusing on a single method )price action, formation, Elliot vs. it doesn’t matter(,
• Learning to use stop loss,
• Progressing with incremental targets )10 thousand → 100 thousand → 1 million(,
• Think long term.

Book Recommendations

In the program, some books that investors must read were also shared:

• Mark Douglas – Trading in the Zone
• The Disciplined Trader
• The investment books of Warren Buffet, Charlie Munger, and Peter Lynch

👉 To watch the full program featuring psychologist Oğuzhan Güzel, [click here].

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