Business
Self-improvement
Finance
Personal Development
Investment
Self-help
Trading
Risk Management
Fear
Fear kills 90% of traders within 5 years.
5 steps to become a fearless trader:
5 steps to become a fearless trader:
1. Reduce your risk
- Less money on the table = More emotion control
- More emotion control = More confidence
- More confidence = Better execution
Adjust your risk to improve your confidence.
- Less money on the table = More emotion control
- More emotion control = More confidence
- More confidence = Better execution
Adjust your risk to improve your confidence.
2. Backtest your system
- If you don't know your system, you can't have a great trading execution
- Train your eye, know your systems's strengths/weaknesses, work on RRR/WR
Your system is your offensive weapon. Become a master of your weapon.
- If you don't know your system, you can't have a great trading execution
- Train your eye, know your systems's strengths/weaknesses, work on RRR/WR
Your system is your offensive weapon. Become a master of your weapon.
3. Win trades
- Winning is the fastest way to increase your confidence
- Seeing your system working creates connections in your mind telling you: YOU CAN DO IT
- Tame your confidence, you don't want to get killed by overconfidence
Win trades. Build your confidence.
- Winning is the fastest way to increase your confidence
- Seeing your system working creates connections in your mind telling you: YOU CAN DO IT
- Tame your confidence, you don't want to get killed by overconfidence
Win trades. Build your confidence.
4. Achieve goals
- The confidence you gain by winning 2-3-4 trades is temporary, the confidence you gain by winning for 3 years stay with you forever
Plan goals. Achieve goals. Increase goals. Repeat.
- The confidence you gain by winning 2-3-4 trades is temporary, the confidence you gain by winning for 3 years stay with you forever
Plan goals. Achieve goals. Increase goals. Repeat.
5. Shape your life
Activities outside trading help you building a great state of mind:
- Run/lift weights
- Read books
- Meditate
Shape your life. Shape your trading.
Activities outside trading help you building a great state of mind:
- Run/lift weights
- Read books
- Meditate
Shape your life. Shape your trading.
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