A visitor views the electronic board displaying stock activity at the Brasil Bolsa Bacao (B3) stock exchange in Sao Paulo, Brazil. (Photographer: Patricia Monteiro/Bloomberg)

Traders Carnival: Psychology Is The Key To Trading, Rakesh Doshi Says

Psychology has a key role to play when it comes to trading in the stock market, according to Rakesh Doshi, a member broker of the National Stock Exchange Ltd.

For stock traders, a losing trade is a wrong trade. People start to doubt their system and skills and search for newer methods when that happens, Doshi said in a session on the last day of the Traders Carnival event in Mumbai.

Besides, traders depend too much on available data, he added.

Our behaviour is so much conditioned these days that most of the time we will do what others like us to do...We are not using charts but charts are using us.
Rakesh Doshi, Member-Broker, NSE

Watch the full session here: