To become a Consistent Profitable trader are you,
- Searching for New strategies
- Trying to find good indicators
- Searching for best trading tools/software
Kindly STOP doing it - Read this thread fully
Spend your next 10 minutes ππππ
Scroll down ππto read fully
- Searching for New strategies
- Trying to find good indicators
- Searching for best trading tools/software
Kindly STOP doing it - Read this thread fully
Spend your next 10 minutes ππππ
Scroll down ππto read fully
1] If you are mentally not ready to execute trades ( by not allowing emotions ) even the best of best strategy can give you LOSSES.
@learntotrade365
@learntotrade365
2] Successful traders don't blame market for their losses perhaps they accept it and just try to go with the current flow/type of market.
3] A trader need to be disciplined, calm outside the trading world means in life.
With unstable mind , anger, frustration ,ego a trader should never expect profits from trading.
With unstable mind , anger, frustration ,ego a trader should never expect profits from trading.
4] Trying to be perfect in trading is one of the biggest problem.
Trading is a probability business and stop wasting time or dreaming to make fixed income every month from market.
Trading is a probability business and stop wasting time or dreaming to make fixed income every month from market.
5] Successful trader never expect anything from market - Because he/she knows market dynamic changes as it is a two way auction process.
Goal should be - understand the change in market and adapt it,
Goal should be - understand the change in market and adapt it,
6] Successful trader never compare
Don't waste time by comparing yourself with others. The moment we compare automatically we are sending weak signals to our mind [ Leads to decrease in confidence and multiple doubts start popping up ]
Don't waste time by comparing yourself with others. The moment we compare automatically we are sending weak signals to our mind [ Leads to decrease in confidence and multiple doubts start popping up ]
7] Greed is a TRAP
Just watching few videos or reading full articles or reading few books about trading - No one can become profitable trader.
Have to take action and execute the learning/knowledge we have gained.
Just watching few videos or reading full articles or reading few books about trading - No one can become profitable trader.
Have to take action and execute the learning/knowledge we have gained.
8] Risk management should be TOP Priority
Every trader need to give more importance to risk management - We can't just put our money in trading just like that.
Bad risk management is the common reason for most traders BIG loss in starting stage of trading.
Every trader need to give more importance to risk management - We can't just put our money in trading just like that.
Bad risk management is the common reason for most traders BIG loss in starting stage of trading.
9] When we lack discipline - Emotions start dominating our mind & trading decisions can be completely spoiled - Eventually leads to BIG capital loss and mental damage.
10] Best traders focus on Growth Mindset and avoid Fixed mindset.
Growth mindset always leads to focus on improving and getting better - This leads to see mistakes as a learning experience and not as a failure.
Growth mindset always leads to focus on improving and getting better - This leads to see mistakes as a learning experience and not as a failure.
11] Learning from mistakes and specially from others mistake is a special skill.
It is possible only when we accept our mistakes.
Ego or trying to be perfect can stop us from accepting mistakes.
It is possible only when we accept our mistakes.
Ego or trying to be perfect can stop us from accepting mistakes.
12] There is BIG difference between Improving to get better and Being Perfect.
As market dynamics changes, we can focus on learning to improve ourselves, but we can't be 100% perfect in market.
As market dynamics changes, we can focus on learning to improve ourselves, but we can't be 100% perfect in market.
13] It's very important to understand yourself and your personality.
So, we can align our trading methods, mindset accordingly and execute trades with fearless mindset.
So, we can align our trading methods, mindset accordingly and execute trades with fearless mindset.
14] Take ownership
Either the outcome of your trade is Profit or Loss accept both.
Don't blame market for losses and take ownership for profits made.
Either the outcome of your trade is Profit or Loss accept both.
Don't blame market for losses and take ownership for profits made.
15] Balanced mind can only help you to outperform in trading.
Patiently waiting for trade opportunities as per your system and executing it with fearless mindset is a special SKILL.
Patiently waiting for trade opportunities as per your system and executing it with fearless mindset is a special SKILL.
16] Improper Trading plan /system will make you to guess/predict which will lead to multiple random/impulsive trades.
More than 90% of times the reason for loss is random trades taken by breaking your trading system or taking trades outside your trading system.
More than 90% of times the reason for loss is random trades taken by breaking your trading system or taking trades outside your trading system.
17] Journal all your trading days. It will help you to find mistakes and state of mind during & after the trade.
18] Trading performance is not only decided by your profits made but also by the high-quality trades executed based on your trading system and by avoiding random trades.
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1] Follow me @learntotrade365 and Join Free Telegram channel for Live Market updates - telegram.me
2] Like & Retweet the below or first tweet of this thread to show your support and help to benefit max .traders
x.com
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