Wrong Mindset

RooRoo

Corporal
Messages
80
I am following Mark Douglas and hope I can apply everything he is teaching on mindset, all makes sense but applying it I know will be the key
 

kim855

Private, 1st Class
Messages
58
its not just a trading mindset though its every thing in daily life that makes it harder, bad day at work argument with the other half or covid, finding it hard to have a clear mind at any point these days.
 

Balladotus

Private, 1st Class
Messages
41
I agree with the author of the post. Thinking is a fundamental part of successful trading for any trader. It is especially important to accept your losses and draw the right conclusions that will help in the future. You must always be purposeful and constantly develop in trading and never standstill. This all sounds very simple, but in fact, to be a calm trader, you need to learn to be very disciplined and reserved. It's also beneficial to choose the right type of trading and proper risk management, which will minimize your stress in failure.
 

Akwin

Private, 1st Class
Messages
50
Hello, I am new to trading need to know how I can work on my mindset and understand what trading is and what it is not?
 

bigdolly

2nd Lieutenant
Messages
1,027
Hello, I am new to trading need to know how I can work on my mindset and understand what trading is and what it is not?
You have to be neither greedy nor too cautious to miss trading opportunities. It is also important to understand that if you expect high reward you have also to accept higher risk, i.e. probability to lose. Many newbies miss this important concept and hence lose quickly. They think only about profits forgetting that their primary focus should be on managing loss.
 

Shaun89

Private, 1st Class
Messages
61
Seen quite a few talk about the benefit of meditating prior to their trading session which I would like to explore. Does anyone here practice this?
 

nahiyar

Private, 1st Class
Messages
826
Hello, I am new to trading need to know how I can work on my mindset and understand what trading is and what it is not?
Your mindset develops as time passes with trading. Your beginning trading will be different after having experience of trading. When we talk about the wrong mindset it is your approach to get out of trading it should be trained because forex is not a money-making machine. Then they will do trading with a realistic approach.
 
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