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How to build a successful trading mindset?
A thread ЁЯз╡
There is a lot of talk about trading mindset or psychology. But what exactly is trading mindset?
#StockMarket #trading
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Why?
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Because though the problems are similar, what triggers an individual to go down the wrong way or repeat the same mistake is different.
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Placing random trades - Many know they are not supposed to trade randomly but wait for the proper setup. But every now and then, random bets are placed.
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Start the diet you always wanted to, the workout routine you planned. The confidence you gain from doing it will spread to other aspects of your life incl trading.
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Is it coz you are waiting for that one big trade that can change your life or because you are too impatient to make small consistently? If yes, where are those thoughts coming from?
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Asking oneself hard hitting questions that are uncomfortable is part of the process.
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And it is not impossible. It takes time and a lot of conscious effort but it can be done.
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If you liked the contents of this thread, follow @KillerTrader_ for more such content.
Re-tweet and like for a wider reach and to keep me motivated to continue sharing.
#trading
More from Killer Trader ЁЯУЙЁЯУИ
Nifty basic volume profile analysis for today:
Yesterday, shared about various types of volume profile analysis and how to prepare for next day. Read here
We had discussed that a "p" shaped profile and close at highs indicates longs are in control of the market.
It also indicates high chances of uptrend continuation next day.
But
(2/n)
How to trade a failure of trend continuation? Yesterday, we saw a "P" shape profile in Nifty and close at highs.
But we failed to continue upmove today.
(3/n)
We opened positive but the opening breakout not sustaining is first cue to understand that bulls are lacking initiative to push prices up further.
(4/n)
For confirmation, one can use orderflow as well to see real time supply demand flowing into the market.
At open today, we saw fresh sellers coming in a bullish opening.
(5/n)
Yesterday, shared about various types of volume profile analysis and how to prepare for next day. Read here
How to analyze Nifty using various types of volume profile:
— Trader Abhishek (@KillerTrader_) September 5, 2022
A thread \U0001f9f5
(1/n)
We had discussed that a "p" shaped profile and close at highs indicates longs are in control of the market.
It also indicates high chances of uptrend continuation next day.
But
(2/n)
How to trade a failure of trend continuation? Yesterday, we saw a "P" shape profile in Nifty and close at highs.
But we failed to continue upmove today.
(3/n)
We opened positive but the opening breakout not sustaining is first cue to understand that bulls are lacking initiative to push prices up further.
(4/n)
For confirmation, one can use orderflow as well to see real time supply demand flowing into the market.
At open today, we saw fresh sellers coming in a bullish opening.
(5/n)
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I think a plausible explanation is that whatever Corbyn says or does, his critics will denounce - no matter how much hypocrisy it necessitates.
Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:
He's wrong to prioritise Labour Party members over the public:
He's wrong to prioritise the public over Labour Party
One of the oddest features of the Labour tax row is how raising allowances, which the media allowed the LDs to describe as progressive (in spite of evidence to contrary) through the coalition years, is now seen by everyone as very right wing
— Tom Clark (@prospect_clark) November 2, 2018
Corbyn opposes the exploitation of foreign sweatshop-workers - Labour MPs complain he's like Nigel
He speaks up in defence of migrants - Labour MPs whinge that he's not listening to the public's very real concerns about immigration:
He's wrong to prioritise Labour Party members over the public:
He's wrong to prioritise the public over Labour Party