TRADING PSYCHOLOGY
NO ONE TRADE SHOULD MAKE YOU,NO ONE TRADE SHOULD BREAK YOU
(A MUST READ)
NO ONE TRADE SHOULD MAKE YOU,NO ONE TRADE SHOULD BREAK YOU
(A MUST READ)
Psychology is the most important part of trading, believe it or not.Out of my experience in trading and consistency,I am 100% positive about this information and confirm to you that your mindset and personal theory plays a big role in every execution made by you on your account.
Do you understand the impact our mindset has on the outcome of a trade? One trade is not just one trade . One trade taken out of impatience, greed, revenge, etc. and can lead to a loss which repeats the cycle of blown accounts which leads to depression for a few days or weeks
And then youβll start feeling like you are not "getting these concepts" but in reality, YOU are the problem.
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Trading is not an art form that people are just gifted with, it's a structure, a process,a concept that is taught to people around the world and if you think the concepts you are learning are wrong, you need to take a good look at how you apply them. Are you playing by the rules?
Trading is not a hobby, this must be taken extremely seriously. Trading can only be a part-time job or career. You cannot be trading for a fun cause. A lot of lives have been changed by trading likewise a lot has been destroyed due to impatience,fear and greed.
Why are we so impatient? Do you think I or anyone has achieved anything working desperately? Hell no, cause I haven't and sure you won't .Trading is a get Rich Scheme but not a Get rich quick scheme .
But I'm happy to let you know that if you can keep greed,fear and impatience aside, study,be Disciplined and organize,refine,back-test, have reasonable targets,think long term and have a suitable capital, then you have a high probability of making it in trading
You have to understand that NO one trades to pay a loan or to get an urgent fund and wins easily, no one trades without a plan and comes out consistent. If any of this is you, you need to get your shit together and work on yourself .π«΅
Now you have to treat every single trade like it's your last like your family depends on it.
Keep the sloppy entries on the back-testing chart, and keep the unsure analysis on the demo account and execute folks (Click the f*cking button)π
Keep the sloppy entries on the back-testing chart, and keep the unsure analysis on the demo account and execute folks (Click the f*cking button)π
The easiest way to become a profitable trader is by back-testing the system you want to trade, and making refinements based on the results. You're losing trades (yes we all do); what is the common factor? Journal it down. Your win trades too Journal it down and study why you won.
Your wins should always be greater than your losses.
And the only way you can achieve this is by having a solid rule of trading and back-testing. You also need to be forward testing this as well, because results from back-testing can be very different to live results.
And the only way you can achieve this is by having a solid rule of trading and back-testing. You also need to be forward testing this as well, because results from back-testing can be very different to live results.
When you are trading a system that is showing you a profitable result, then it's just about making small refinements and improving it where applicable.
Other things that go into becoming a consistent trader (Talking from experience): Consistently working out, waking up early, and going to bed early. Now, these things help with improving your discipline that go hand in hand with consistency.
Taking breaks away from the charts is necessary, once in a while.If you are feeling drained, unmotivated, or frustrated then it is essential that you must take a small break from the charts until you are feeling better, let go and burn some steam.
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Happy Trading Folksπ€
See you next timeπ«΅
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See you next timeπ«΅
If this thread gets too 200 Retweet πβ¦
If this thread 𧡠was insightful make sure you like and Retweet
You can also join my public Journal and learn more from my Logic
t.me
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You can also follow some profitable traders I know
@SheEvolves_
@Sherlockxxi
@Kelvin_Graph
@kingsolomon4lyf
@Kelvin_Graph
@Tforexfx
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