Reflect on your state of mind and last week's experience. Are you attached? Are you connected? There's a major difference family. Leverage your experiences. Take last week's trades or lack there of to learn and become more.
Hello everybody and welcome,
First of all, thank you for the interest you show.
The goal of this content, is to empower you with the tools you need to shift your psychology and level up your trading.
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Before we start,...
Hello,
I wanted to show a great example of how small account holders can maximize their profits whilst minimizing loss and this trade is a great example. in about 7-10 days I have taken £200 to £650. I am documenting this journey to £1000 to show how easily it can actually be to trade and build a small account into something bigger.
If you are a small account...
In this video I explain a little bit about how you should be thinking as a trader and accept the fact that your are in complete control of your trading results... the responsibility is always on you.
In this video I show you how I prepare and execute two trades, one on XAUUSD and the other on the SP500 and explain my trade tactics on both trades.
Furthermore I speak about having a clean and confidant mindset for trading
Dear trader,
something to think about.
Is it possible to make millions of $$$$$$$$ from $10,000 in 12 months?
For sure! Check out this great story.
*Daniel J. Zanger is a technical stock and equities trader. Zanger hit the media spotlight after audited returns showed he turned $10,775 into over $18,000,000 in under 2 years.
Personal history
Dan Zanger...
WELCOME TO WORLD OF TRADING
Hi everyone, what I am about to talk right now is concerned with trading psychology. Everything that I am about to say right now is also a crucial aspect of my psychology and mindset that is fueling me to write this for you guys. Hence, we can deduce one thing from this. Psychology is the most important factor in deciding your future...
"The Market cannot hurt Me. I can only hurt my Self!" - Josh Ridenour
There is a Time for Losing - The 29th verse of the Tao Te Ching is about how there is a time for everything in life. A time for being ahead, a time for being behind. In the market, there is also a time for everything. A time for large profits, small profits, break even trades, losers,...
Seeking More information - When first introduced to markets, every beginner immediately thinks he must learn the rules of the market in order to succeed. He initially believes there is a "holy grail" a system, a leader, or a mathematical equation like Fibonacci levels. He believes these will protect him in the market, and will lead him to a profit once he...
Lesson 7 Trade Outcome is Random
The outcome of any given trade is random, no matter how strong your edge is. It is impossible to predict whether a trade will result in a loss, decent profit, or a windfall profit. Contrary to what most Price Action traders and price analysts believe, you cannot and will never be able to predict the market. Most amateur...
Lesson 4 Know what you want in the market
Contrary to what most believe, successful traders do not actually trade constantly. Attempting to trade constantly leads to increased commission costs, random trading, and compound mistakes. In fact, successful traders spend most of their time doing absolutely nothing! How long does it take to enter an order? A...
CASINO MINDSET
Casinos consistently generate billions in revenue per year in what many individuals believe is luck.
Casinos don’t exists because of luck, they understand that over a series of events, the odds are in their favour.
As a financial trader you must become the Casino and understand that you will hit drawdown and period of losses, however if your...
Everyone has bad days in trading - I usually never let my mind get affected. This was different, because like an amateur, I panicked out of a set of trades because one went bad.
I was in three trades simultaneously-
1. Short on a put option for 9000 strike = Would have worked out if I gave it time
2. Bought Tata motors - trade premise inconsistent and circled...
Edge Execution
Trading is a numbers game, and markets are based on the mathematics of the traders equation. However, understanding this alone will not guarantee profits. The ability to apply and conform to the math of the current market context is what leads to consistent profits. Beginners often have a misconecption that they need to know what is going to...
Traders layering into TRY potentially got burnt last week as the Turkish Central Bank intervened to halt the local currency's worrying devaluation by raising interest rates by a whopping 3%
Whilst i tend to let the majority of fundamental data pass me by , it often pays to atleast maintain a health awareness of key macro factors that might have a direct impact...
You are a Human. This is good.
You are capable of making complex decisions. You can identify patterns. You can enter excellent trades.
This is also bad. Between your ears is a narcotics factory that will put Heisenberg's mobile meth lab to shame.
You've entered a trade. This is it. The BIG one. A one-way ticket to infinite infinity pools.
Adrenaline ...
One of the major reasons why traders lose money is because they ride out their losses and close profitable trades too early.
While being patient can help us to achieve our maximum profit potential, being patient on the wrong side of a trade can be costly.
This is a great insight into why we are naturally predisposed to riding out losses and not quitting while we...
