Remember that trading is a marathon and not a sprint. READ I | boyLoyTRADER on Binance Square

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Remember that trading is a marathon and not a sprint.READ IT AGAIN AND AGAIN....!
#psychology 

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Trading Psychology: To change your behavior for good, you need to start believing in the new and improved you. As often quoted from the book: " Every action is a vote for the type of person you wish to become. " #psychology #TradingPsycology

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Trading Psychology: The purpose of setting goals is to win the game. The purpose of building systems is to continue playing the game. #psychological #TradingPsycology

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JPMorgan says the odds of a US recession by the end of the year are now at 35%.

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Instead of spending your time trying to perfect your trading skills, focus on the one skill that you are weakest at and work on it day and night. If you are an impatient trader and most losses are coming from your impatience, learn new skills that will help you improve your patience. For example, take a meditation course or read Osho. If taking profits is what prevents you from being profitable, then start working on hard targets and have strict rules written down that will help you lock them in. If you are scared to take a trade, then reduce your trading size to the minimum possible. And remember one thing along the way: “If it were easy, a lot more traders would have been successful.”

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There is a thin line between a myth and reality. In trading there is a thin line between a great trader and an average trader. My experience and work with others have taught me that the quiet trader has a lot more to offer to the trading world than the noisy, boisterous type of market player. This of course is an overgeneralization, but in every great trader I have known there is a degree of humility, which is lacking in 99.9% of all wannabe get-rich quick traders. Just like the myth about the discovery of quinine, I have heard so many myths about trading and one thing they all have in common is the lack of transparency when it comes to losing. Both successful and unsuccessful trading is a combination of losing and winning and a successful trader knows better than anyone else that the losing bit is where most efforts are concentrated. The real question that you should ask yourself is why there are so few talks about losing? Isn’t that the real weakness of the strong?

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