1. Explain what you understand by trading psychology.

I will first love to define the basic terms which are trading and psychology before merging them together.

Trading is the act of buying an asset at a lower price and selling it at a higher price. Example is the cryptocurrency trading. This is one of the way you can benefit from Cryptocurrency and maximize profit.

Psychology is an expression of an individual's feeling, emotion and mental health and actions that follows them. Psychology is one of the aspect involved in total well being of an individual and it can affect the way a trader trades the Crypto market.

Trading Psychology is the emotional state of mind of a trader while buying and selling in the Crypto financial market. This is a great determinant of the success of the trader in the market as it affects the results of his trades if he is having a poor trading psychology. Examples of poor trading psychology is the Get rich quick mentality in which most traders come into the market with. Some of them barely practiced trading for 3 to 6 months before assuming that they can grab all the money in the market and become millionaires in dollars. Traders like this end up losing everything in few weeks of trading. Some traders still have good trading psychology as well which includes being patient with the price to get to your entry price before taking a trade rather than jumping into the market without patience.

2. Explain any 3 out of the above listed emotions which occur in trading.

1.Fear

This is the most occurring emotions that traders have. This fear can be said to be fear of the unknown. Every begginer trader is afraid of losing there trading capital as they take trades and this always lead them to be afraid of entering the market. It even makes some to leave the market at any slightest profit they get and this will lead to distortion of already planned trade. I believe that Fear can be cured with proper knowledge of how the market works and proper risk management and planning

2.Greed

This is another emotion that most traders have. This involves not taking profit at the appropriate time and waiting for a bigger profit while believing that the market respects your analysis. This always happens to both novice and professional traders because most people come into the market with a Get rich quick mentality which bring greed along with it and they end up losing it all.

3.Revenge

This is another great Physchology in which some traders find themselves in. They try to revenge the market for the money they lost while trading and this has always led to losing more money as the case maybe because no one controls the market personally.

3.Explain How you plan to Build a good trading psychology.

You build a good trading psychology by firstly having a proper planned trade which involves making a very good research.

Secondly by maintaining focus in order to achieve your goals within the set time frame.

Thirdly you have to remove any form of negative trade psychology like fear and greed by going for the right knowledge.

4.Develop a simple Trading goal and how you plan to achieve it.

My trading goal is to make 300$ from a 100$ trading capital monthly.
The way I plan achieving this is by Making at least 10$ everyday of the month with a good risk management strategy of take profit 2 : 1 stop loss.

Conclusion
I want to thank prof @venom-21 for this wonderful lecture. I learnt how to trade with the right mentality in the Crypto market. I hope for more greater lectures from you in the coming weeks.