Trading the bleeding markets with a winning mindset ;)
There's a great struggle going from profit to loss.
A burst of a bubble, which in it's essence is hope.
But this is false.
The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper?
Truth is - It doesn't.
But what it does do is play with your emotion.
Our mind has a tendency of expecting the worst once things start rolling in that direction.
Take a step back and think about what life threw at you so many times in the past, think about the times you thought things are going to end up the worst but actually didn't.
It could be you planned a nice day outside with your partner in the park but it started to rain.
But instead of crying about the day wasted and how this is just awful, you ended up cooking together a nice lunch and drinking wine while finding a new great TV show to watch, ending up being one of the best days in a while.
Not let's roll back to trading.
And let's cut out negative thinking completely just for 3 minutes and look only at the positive.
Positive points -
1) Cheap instruments all around to invest in
2) Great practice of mental skills while trading, which truly is the most influential aspect of mastering trading
3) It reminds you the very basics of trading that we lose track of once markets start flying up - Buy low, sell high.
4) Opportunity, opportunity, opportunity - Every time you would have bought into the stock market, over a few year period you would make great returns, same thing goes even for people who bought Bitcoin after the decline of 2018 and pretty much any other pop financial instrument.
5) You're a day trader? Great! Volatility is amazing if you have a strategy which is disciplined and consistent as well as based on risk management.
See how bright the light shines at this very moment?
Keep it. Be positive. Be hopeful. Be practical.
The negative quotes such as -
I can lose everything!
It's never going to rally back!
This is taking too long!
I don't have patience for this!
This is turning out to be so not fun!
I didn't expect to hold this trade this long!
How will any of this benefit you in any way? Where's the logic? Where's the gain? Where's the analysis? Where's the market view? Where's the money management?
Only look at what is relevant to your success. Block the negative, ignore it completely as much as you can and eventually always.
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Thank you so much for reading! I hope you found my idea useful, if you did, please like and follow! It would mean the world to me.
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A burst of a bubble, which in it's essence is hope.
But this is false.
The odds are, that your profits were on paper, so how does a loss on paper differ from a profit on paper?
Truth is - It doesn't.
But what it does do is play with your emotion.
Our mind has a tendency of expecting the worst once things start rolling in that direction.
Take a step back and think about what life threw at you so many times in the past, think about the times you thought things are going to end up the worst but actually didn't.
It could be you planned a nice day outside with your partner in the park but it started to rain.
But instead of crying about the day wasted and how this is just awful, you ended up cooking together a nice lunch and drinking wine while finding a new great TV show to watch, ending up being one of the best days in a while.
Not let's roll back to trading.
And let's cut out negative thinking completely just for 3 minutes and look only at the positive.
Positive points -
1) Cheap instruments all around to invest in
2) Great practice of mental skills while trading, which truly is the most influential aspect of mastering trading
3) It reminds you the very basics of trading that we lose track of once markets start flying up - Buy low, sell high.
4) Opportunity, opportunity, opportunity - Every time you would have bought into the stock market, over a few year period you would make great returns, same thing goes even for people who bought Bitcoin after the decline of 2018 and pretty much any other pop financial instrument.
5) You're a day trader? Great! Volatility is amazing if you have a strategy which is disciplined and consistent as well as based on risk management.
See how bright the light shines at this very moment?
Keep it. Be positive. Be hopeful. Be practical.
The negative quotes such as -
I can lose everything!
It's never going to rally back!
This is taking too long!
I don't have patience for this!
This is turning out to be so not fun!
I didn't expect to hold this trade this long!
How will any of this benefit you in any way? Where's the logic? Where's the gain? Where's the analysis? Where's the market view? Where's the money management?
Only look at what is relevant to your success. Block the negative, ignore it completely as much as you can and eventually always.
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Thank you so much for reading! I hope you found my idea useful, if you did, please like and follow! It would mean the world to me.
-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Let us know in the comments :)