Trading can be a rollercoaster of emotions.
Many traders are unaware of when their state of mind leads to underperforming trades and why it happens.
We are all different and unique when it comes to trading, and understanding the type of trader you are is essential to your success.
Traders can spend a lot of time studying technical indicators and strategies, but understanding the psychology driving your trading decisions is just as important.
The first starting point of getting on the right path in regards to trading psychology and emotions is by having the right one of two mindset choices.
There's two mindsets which will effect your trading results and progress massively.
They are 'Growth mindset' and 'Fixed mindset'
Of those two mindsets there is only a place for one when it comes to trading and that is 'GROWTH MINDSET'
The graphic on chart shows the difference between the two mindsets.
If you can't ditch the 'Fixed mindset' you will never be able to progress in trading.
No matter how great of a trader you think you are, or how well you think you handle your emotions.
It's impossible to remove them from the equation completely when trading.
When emotions are combined with a 'Fixed mindset' mentality however you are going to feel emotional pain and loss of money when it comes to your trading.
Once you have learned to recognise your mindset, you can then begin the next important step of switching to the 'Growth mindset'
People with a 'Fixed mindset' believe they are born with a certain amount of intelligence and that it is fixed for the rest of their lives.
People with a 'Growth mindset' however know that intelligence is not fixed and that you can in effect grow your brain.
They see their traits as just a starting point and know that these can be developed by hard work, effort, dedication and challenge.
Having a growth mindset can improve your progress and attainment and this is crucial in being successful as a trader.
The brain can be developed like a muscle, changing and growing stronger the more it is used.
Your abilities are also very much like muscles they need training in order to perform at their peak.
You can learn how to do anything you want to do and you can get better at whatever that is with time and consistent practice.
Even if you have what you perceive to be a talent or ability for something, if you never practice that talent or ability you simply will never improve.
Applying this theory to your trading game will help you grow not just your accounts but as a person also.
Get that 'Growth mindset' and start believing in your ability to change.
Thanks for looking.
Darren 🙌
Many traders are unaware of when their state of mind leads to underperforming trades and why it happens.
We are all different and unique when it comes to trading, and understanding the type of trader you are is essential to your success.
Traders can spend a lot of time studying technical indicators and strategies, but understanding the psychology driving your trading decisions is just as important.
The first starting point of getting on the right path in regards to trading psychology and emotions is by having the right one of two mindset choices.
There's two mindsets which will effect your trading results and progress massively.
They are 'Growth mindset' and 'Fixed mindset'
Of those two mindsets there is only a place for one when it comes to trading and that is 'GROWTH MINDSET'
The graphic on chart shows the difference between the two mindsets.
If you can't ditch the 'Fixed mindset' you will never be able to progress in trading.
No matter how great of a trader you think you are, or how well you think you handle your emotions.
It's impossible to remove them from the equation completely when trading.
When emotions are combined with a 'Fixed mindset' mentality however you are going to feel emotional pain and loss of money when it comes to your trading.
Once you have learned to recognise your mindset, you can then begin the next important step of switching to the 'Growth mindset'
People with a 'Fixed mindset' believe they are born with a certain amount of intelligence and that it is fixed for the rest of their lives.
People with a 'Growth mindset' however know that intelligence is not fixed and that you can in effect grow your brain.
They see their traits as just a starting point and know that these can be developed by hard work, effort, dedication and challenge.
Having a growth mindset can improve your progress and attainment and this is crucial in being successful as a trader.
The brain can be developed like a muscle, changing and growing stronger the more it is used.
Your abilities are also very much like muscles they need training in order to perform at their peak.
You can learn how to do anything you want to do and you can get better at whatever that is with time and consistent practice.
Even if you have what you perceive to be a talent or ability for something, if you never practice that talent or ability you simply will never improve.
Applying this theory to your trading game will help you grow not just your accounts but as a person also.
Get that 'Growth mindset' and start believing in your ability to change.
Thanks for looking.
Darren 🙌
