A Strong Trading Mind

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"Money is easier to manage than managing ourselves"-Charles Schaap(Invest with success)

 

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In our minds we think we understand a concept,but when put on the spot we,often over-analyse,over-think,and try to see too much.This is specially true if we have too much of technical analysis in our heads and we don't know how to apply effectively.We think we need to be smart when we just need to be observant.We stray from the rules and start thinking too much.Sometimes the most brilliant thing to do is not act smart but just follow the rules.

Analysing the trends isn't always easy.You will get better with each chart you study.If you get the main direction right everything else will seem a lot easier.If you get the direction wrong you will be left wondering why investing seems so complicated

Charles Schaap-Invest with Success

 

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What Does it Mean to Make Yourself Available?

Making yourself available means trading from the perspective that
you have nothing to prove. You aren't trying to win or to avoid losing.
You aren't trying get your money back or to take revenge on the market. In other words, you come to the market with no agenda other
than to let it unfold in any way that it chooses and to be in the best
state of mind to recognize and take advantage of the opportunities it
makes available to you.

-Mark Douglas, Trading in the Zone.

 

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Originally Posted by Smart_trade View Post
Trading is not something where one picks up a system from someone or learns a systems and starts making money. Every individual is different with different mindset...so every trader has to make a system which is in tune with his mind and beliefs. And that is not an easy task.
I have seen many successful traders but not yet seen 2 successful traders trading same/identical system....each of them has a different system...so system is not a plug and play thing.
Smart_trade

:clapping::clapping::clapping:

 

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The goal of trading psychology is to build consciousness, not reduce emotion. The goal is to create regular access to the flow state of heightened learning and focus. Talking to a trading coach, in itself, won't accomplish that; nor will well-intentioned efforts to calm oneself or take breaks from trading.We can only build consciousness by working on consciousness.
These methods don't eliminate emotion; they build minds. If we can exercise for 30 min./day and build our cardiac fitness and our physiques, maybe--just maybe--a similar commitment could strengthen our abilities to operate within life's "zone".

Brett Steenbarger, Ph.D.