As traders, we primarily compete with ourselves to honor our rules and execute our edges.
With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes
The Importance of Mastering Trading Psychology.
(Thread) 👇
Instead, it means learning to transcribe your emotions into data that you can use and analyze to connect past states to current ones.
We execute at our highest ability when we can use emotions as fuel and for intuition but are not so dominating that they cloud our judgment.
They compete with passion, emotion. This drives them and they are able to unlock their full potential.
This involves developing awareness and techniques that address the root causes of emotions, preventing them from negatively impacting your trading.
You will find the same signs start to develop before you for instance experience tilt and enter a trade outside of your system.
It will allow you to build instincts, and overcome performance flaws.
Mastering Trading Psychology can’t solve your trading problems alone, but it can take your existing performance to the next level.
It will also drastically improve your discipline & consistency.
Look no further than @JaredTendler’s high-performance framework...
A repeatable system that reaches the root of your issues.
His framework is based on over 16 years experience working with institutional traders, PGA Tour Golfers, and Champion Poker Players to help them perform at the highest level—consistently.
Traders are too focused on building a strong technical system and completely disregard the mental game—stunting their performance.
We are launching the Trading Psychology Masterclass, helping hundreds of students improve their performance and consistency.
Join them here 👇
https://t.co/dJXxUQmS0U
The first webinar is coming up fast on April 9th! ⌛️
Grab your Early Bird Tickets here 👇
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As traders, we primarily compete with ourselves to honor our rules and execute our edges.
— TraderLion \U0001f981 (@TraderLion_) March 26, 2022
With money on the line, trading is an incredibly strenuous mental game where emotions can flare up leading to costly mistakes
The Importance of Mastering Trading Psychology.
(Thread) \U0001f447
More from TraderLion 🦁
More from Traderlion
The market’s best investors have made millions from the simple saying:
“Buy right, sit tight”
Sounds simple - but what does “buying right” even mean?
Use TraderLion's 10-Step Ultimate Guide to buying right 👇
By the end of this thread, you'll know how to:
1. Build an objective list of buy criteria
2. Have 10+ real world examples to study
3. Increase your win rate.
4. Increase your profitability
Let's dive in!
Buy Rule #1: The General market must be in an uptrend.
3 out of every 4 stocks follow the market trend both to the upside and to the downside.
This means that if you are buying a breakout in a downtrend, it already has a 75% chance of failing!
It doesn't matter if the stock is in a leading group with an impressive RS line and strong fundamental story.
At the end of the day, market direction is the MOST important factor!
Here's an excerpt from How To Make Money In Stocks by stock market legend William O'Neil:
Here's another video by @richardmoglen that will help you determine if the stock market is in a downtrend:
https://t.co/shD5OjkP6s
Let's move on to #2.
“Buy right, sit tight”
Sounds simple - but what does “buying right” even mean?
Use TraderLion's 10-Step Ultimate Guide to buying right 👇
By the end of this thread, you'll know how to:
1. Build an objective list of buy criteria
2. Have 10+ real world examples to study
3. Increase your win rate.
4. Increase your profitability
Let's dive in!
Buy Rule #1: The General market must be in an uptrend.
3 out of every 4 stocks follow the market trend both to the upside and to the downside.
This means that if you are buying a breakout in a downtrend, it already has a 75% chance of failing!
It doesn't matter if the stock is in a leading group with an impressive RS line and strong fundamental story.
At the end of the day, market direction is the MOST important factor!
Here's an excerpt from How To Make Money In Stocks by stock market legend William O'Neil:
Here's another video by @richardmoglen that will help you determine if the stock market is in a downtrend:
https://t.co/shD5OjkP6s
Let's move on to #2.
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Don't look at deadlines negatively! They are a useful tool to measure your performance + stimulate you to do more. You can learn a lot from a single deadline. Did you work too little or too much? Was the goal too ambitious or easy? Apply lessons to the future work. 😉 #MyMindset
I wish I had this... — don't excuse yourself. Forget about what you can't and focus on what you can.
Stop comparing yourself to others, come from the point of what you have, know and have: "I can... so I will do..!" #MyMindset
BTW this was an update of one of the previous tweets. And I'm continuing this thread today!
Do something for the long-term. Everything else is a distraction. 🛑 Nowadays I always check if the thing I'm doing aligns with my long-term plans. If not — that is probably not the best thing to do at the moment. #MyMindset
The only way to get more done is to have less to do. Eliminate your obligations, say "no" to things that are not important, stay minimal in what you do, focus. Being busy is not equal to getting things done. #MyMindset
I wish I had this... — don't excuse yourself. Forget about what you can't and focus on what you can.
Stop comparing yourself to others, come from the point of what you have, know and have: "I can... so I will do..!" #MyMindset
BTW this was an update of one of the previous tweets. And I'm continuing this thread today!
Focus only on positive things! These include what *you* have, know and can do. If you don't have, know or cannot do something either get it or ignore it. Don't think about it and don't use it as an excuse.
— Gleb Sabirzyanov (@zyumbik) October 17, 2018
I've been struggling to follow this principle for a long time. #MyMindset pic.twitter.com/SK5vtwHs3G
Do something for the long-term. Everything else is a distraction. 🛑 Nowadays I always check if the thing I'm doing aligns with my long-term plans. If not — that is probably not the best thing to do at the moment. #MyMindset
The only way to get more done is to have less to do. Eliminate your obligations, say "no" to things that are not important, stay minimal in what you do, focus. Being busy is not equal to getting things done. #MyMindset
