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Psychology 1.0
The markets don't give a shit about your life.
Keep your life and trading separate. Don't let your life have a direct impact on your decisions.
Whether that be emotions or lifestyle, The markets doesn't factor you in.
The markets don't give a shit about your life.
Keep your life and trading separate. Don't let your life have a direct impact on your decisions.
Whether that be emotions or lifestyle, The markets doesn't factor you in.
Psychology 1.1
When you first start trading, The best thing is to not think about the monetary value.
This is because on a 1k or 10k account the values are different and your mind frame will react different.
Focus on purely the % value as this is the true return you are making
When you first start trading, The best thing is to not think about the monetary value.
This is because on a 1k or 10k account the values are different and your mind frame will react different.
Focus on purely the % value as this is the true return you are making
Psychology 1.2
Structure
This imo is one of the most over looked aspects, which is having structure. You don't see successful businesses without structure so why would you ignore it?
A routine allows you to map out your week hitting micro targets that are achieving macro goals
Structure
This imo is one of the most over looked aspects, which is having structure. You don't see successful businesses without structure so why would you ignore it?
A routine allows you to map out your week hitting micro targets that are achieving macro goals
Psychology 1.3
Micro & Macro Goals
From the get go, you need to set realistic goals. Goals on for 2yrs+ all the way down to daily/weekly goals.
Make these goals simple and ensure that they fit and assist you in reaching your macro targets.
Don't set goals for the sake of it!
Micro & Macro Goals
From the get go, you need to set realistic goals. Goals on for 2yrs+ all the way down to daily/weekly goals.
Make these goals simple and ensure that they fit and assist you in reaching your macro targets.
Don't set goals for the sake of it!
Psychology 1.4
Journaling, This is such an important aspect of trading it is highly overlooked.
Whether your backtesting or trading live, Journaling allows you to capture trades taken, but also dive deeper into emotions, confirmations you had to take that trade.
Self Review!
Journaling, This is such an important aspect of trading it is highly overlooked.
Whether your backtesting or trading live, Journaling allows you to capture trades taken, but also dive deeper into emotions, confirmations you had to take that trade.
Self Review!
