The secret to success in trading? Not the mind... the mindset!
If you don't have a strong mindset, the market will break you no matter how smart you are!
Here are 10 keys to make you a resilient trader:
1. Write everything down: Your feelings, decisions, trades – the paper exposes mistakes and confirms successes.
2. Define your goal precisely: "Make a lot of money" is not a goal... Set numbers, dates, and strategies.
3. Your discipline is your weapon: Stick to your plan even when tempted by false opportunities.
4. Always be learning: The market changes, and information is a weapon that precedes decision-making.
5. Take smart risks: Don’t gamble... risk management is an essential art.
6. Break your pride: The first loss comes after excessive confidence! Be humble towards the market.
7. Patience is the key to profit: Don’t chase the market, let it come to you.
8. Own your results: Profit and loss are your decisions... don’t look for a scapegoat.
9. Turn failure into lessons: Every loss is a book, read it and understand it.
10. Your mind is a reflection of your body: Sleep well, eat right, and avoid stress... your health equals your profit.
Mindset first... profit comes later.
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