Trading Terms Simply Explained
26 Begriffe aus Trading Psychology, Behavioral Finance und dem Trading-Alltag – klar erklärt, ohne Fachchinesisch.
26
Begriffe
5
Kategorien
100%
in German
A – D
Anchoring Bias
Kognitive VerzerrungYou hold too strongly onto initial information – e.g. the price at which you entered. The entry price becomes your emotional anchor – even when the market has long moved on.
FlowTrader AI: Trade reflection helps you recognize when you're acting from an emotional anchor point instead of the current setup.
Confirmation Bias
Kognitive VerzerrungYou preferentially seek information that confirms your already-made decision. You're long – suddenly you only see bullish signals. Everything bearish gets filtered out.
FlowTrader AI: Documenting emotions with each trade helps you later recognize: Was that an objective assessment or was I just seeking confirmation?
Daily Stop (Daily Loss Limit)
Risk ManagementA self-imposed limit: at this loss, the trading day is over. The most effective tool against revenge trading and emotional spirals.
FlowTrader AI: FlowTrader AI tracks your daily progress and shows you when you've reached your daily stop.
Disposition Effect
Behavioral PsychologyThe tendency to sell winners too early and hold losers too long. Documented by Terrance Odean (UC Berkeley): costs traders an average of 3.4% returns per year.
FlowTrader AI: Emotion tagging on every trade makes it visible when you exit too early or hold too long. The AI recognizes the pattern over time.
Drawdown
Performance-KennzahlThe maximum loss from the peak of an account to the trough – in percent. Example: Account at €12,000, then €9,000 = 25% drawdown.
FlowTrader AI: FlowTrader AI tracks your current drawdown and shows the connection between emotional state and drawdown phases.
E – G
Edge (Trading Advantage)
StatistikA statistically provable advantage in your trading system – a setup combination that wins more often than it loses over many trades.
FlowTrader AI: Die AI Analysis berechnet deinen echten Edge pro Setup-Typ, Tageszeit und Marktbedingung – aus deinen echten Trades.
Emotionales Trading
Trading PsychologyTrading decisions driven by fear, greed, frustration or euphoria – instead of clear criteria. The most common reason for consistent losses.
FlowTrader AI: Emotion tagging on every trade makes emotional trading visible. The AI shows which emotions trigger which mistakes.
FOMO (Fear Of Missing Out)
Trading PsychologyThe impulse to enter because others are profiting – without your setup meeting criteria. Evolutionarily anchored: missing opportunities feels like a threat.
FlowTrader AI: Pre-Trade Checklist: Jeder Trade muss alle Kriterien erfüllen. FOMO-Trades scheitern an der Checklist.
H – L
Journaling (Trading Journal)
DokumentationSystematische Aufzeichnung aller Trades inkl. Einstieg, Ausstieg, P&L, Emotionen und Regelkonformität. Sciencelich eine der wirksamsten Methoden zur Verhaltensänderung (Frattaroli, 146 Studien).
FlowTrader AI: FlowTrader AI ist das erste German-speakinge KI-Trading Journal das Journaling mit AI Analysis und Wochenmissionen verbindet.
AI Analysis (Künstliche Intelligenz)
TechnologieMachine Learning und NLP um Trading-Daten, Emotionen und Muster zu analysieren. KI im Trading Journal analysiert dein Verhalten – nicht den Markt.
FlowTrader AI: AI Coach Flow analyzes your trades, your journal and your emotions and gives you weekly focus points.
Konsistenz
Trading PsychologyThe ability to execute your trading system identically day after day – regardless of the result of the last trade. Mark Douglas calls it the key to long-term profitability.
FlowTrader AI: Der Discipline Score misst deine Konsistenz objektiv – nicht nur deine Profitabilität.
Lernkurve
Trading-EntwicklungThe progression from beginner to consistent trader. Journaling demonstrably shortens the learning curve because mistakes aren't repeated unconsciously.
FlowTrader AI: The AI detects initial patterns after just 10-20 trades. After a month, recommendations are highly precise.
Loss Aversion
Behavioral FinanceVerluste fühlen sich psychologisch doppelt so stark an wie gleich große Gewinne (Kahneman & Tversky, 1979). Ursache für Stop Loss verschieben, zu langes Halten von Verlustpositionen und Angst vor dem nächsten Trade.
FlowTrader AI: FlowTrader AI calculates what loss aversion costs you in euros – objectively measurable from your actual trades.
M – P
Max Drawdown
Risk ManagementThe largest loss from peak to trough – across your entire trading history. The most important risk metric. Prop firms use it as the primary filter.
FlowTrader AI: Drawdown tracking with early warning. You immediately see: X% left until the limit.
Overtrading
Trading PsychologyMore trades than your system calls for – from boredom, the urge for action, or FOMO. Barber & Odean (2000): The most active traders achieved the worst net returns.
FlowTrader AI: FlowTrader AI shows you after which trade per day your performance drops – from your actual data.
Prop Firm
Trading-IndustrieCompanies that provide traders with external capital – after passing an evaluation. You trade the firm's capital and keep a share of the profits.
FlowTrader AI: Drawdown-Tracking, Account-Übersicht und Discipline System – speziell für Prop Trader gebaut.
R – Z
Rule Breaking
Trading PsychologyConsciously or unconsciously breaking your own trading rules. Rule breaking is the most expensive mistake in trading – and the hardest to eliminate.
FlowTrader AI: Rule Compliance-Bewertung pro Trade. Der Discipline Score zeigt dir über Wochen wie oft du deine eigenen Regeln brichst.
Revenge Trading
Trading PsychologyThe impulse to re-enter immediately after a loss to compensate. Coval & Shumway (2005): Professional traders also act more aggressively after losses.
FlowTrader AI: FlowTrader AI detects revenge patterns: How much do the trades after your first loss cost you?
RRR (Risk-Reward Ratio)
Risk ManagementThe ratio between potential profit and potential loss of a trade. RRR 2:1 means: You risk 1 to potentially win 2. The foundation of profitable trading.
FlowTrader AI: FlowTrader AI automatically calculates your average RRR – planned vs. realized. See if you're cutting your winners short.
Stop Loss
Risk ManagementEine vorab definierte Kursmarke bei der eine Verlustposition automatisch geschlossen wird. Das Verschieben des Stop Loss ist einer der teuersten Fehler im Trading (Disposition Effect).
FlowTrader AI: FlowTrader AI documents every stop adjustment and calculates what it costs you in euros.
Trading Psychology
ScienceDie Science die untersucht wie Emotionen, kognitive Verzerrungen und Verhaltensmuster Trading-Entscheidungen beeinflussen. Schlüsselwerke: Mark Douglas (Trading in the Zone), Daniel Kahneman (Prospect Theory).
FlowTrader AI: FlowTrader AI ist das erste Trading Journal das auf wissenschaftlicher Trading Psychology basiert – nicht auf Signalen oder Indikatoren.
Versagens-Vertrag
Discipline SystemA contract you make with yourself: If I break my rules X times, this specific consequence follows. Based on behavioral science – consequences shape behavior.
FlowTrader AI: Teil des 5-Stufen Discipline Systems. Du definierst deine Konsequenzen – FlowTrader AI trackt ob du sie durchziehst.
Winrate (Win Rate)
Performance-KennzahlThe percentage of your winning trades out of total trades. A 45% winrate can be highly profitable – if the risk-reward ratio is right.
FlowTrader AI: FlowTrader AI shows winrate per setup, time of day, emotion and market phase – not just as one number.