Mindset is 1 of the most important tools to have in trading... yet most people overlook this... this is why 90% of people fail. My mindset when i 1st started out trading was terrible, after a couple of lucky wins in a row ( i was just gambling as i didn't know anything about Forex ) i would think i was on top of the world, better than the markets and a clever little b@StarD and risk more money... This is when the markets would put on its steel toe cap boots and kick me in the b@lls.
It wasn't until my 2nd year of trading that i noticed what my faults were and decided to fix them.. this is when i became profitable consistently for the 1st time. If something is not working then change it, people are scared of change but need to do it if things is not working!!! Come have a chat with us if you need help, we will give your mindset a beating and get it into shape ;p
12000 is the next key level for us, as you can see this resistance zone has been used before to generate bearish movement, now after the few weeks of bullish movement price might just smash straight through this level and carry on going to the moon.
Technical, Fundamental, Bulls, Bears, Fibonacci, Patterns, EMA, MA, Bollinger bands, SMA. Some of these you need to know, some of them are complete b#llsh@T... ive just wrote them to get more views on here ;p hahaha.
Agreed. Mindset is most important. Through ESMA some time last year, it emerged that between 75 to 90% of all retail traders consistently lost money. I am delighted you have taken up Mindset because 'trader psychology' is a pretty neglected area here on Tradingview. Mindset must be about our minds, our individual psychology and therefore 'mindsets'. I think this is the biggest obstacle to consistent profitability.
I began looking at Mindsets seriously from 2015 bit.ly/trader-mindsets. Some may have seen (or not) the free series: The Journey of 1000 Psychological Trading Hacks (here on Tradingview) - ongoing.
For the avoidance of doubt, 'The Captain' does not teach/coach or mentor traders (as normally conceptualised). No services provided. What you see is what you get - everywhere - free of charge - FOREVER. This means 'The Captain' has does not take money from anybody or exchange anything, to help traders get ahead. This does not mean that others ought not to do so.
I began looking at Mindsets seriously from 2015 bit.ly/trader-mindsets. Some may have seen (or not) the free series: The Journey of 1000 Psychological Trading Hacks (here on Tradingview) - ongoing.
For the avoidance of doubt, 'The Captain' does not teach/coach or mentor traders (as normally conceptualised). No services provided. What you see is what you get - everywhere - free of charge - FOREVER. This means 'The Captain' has does not take money from anybody or exchange anything, to help traders get ahead. This does not mean that others ought not to do so.