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The Trader Mindset
The above statement is from a real story that happened a few years ago in our trading room. A new member had got himself into trouble with his own trades by not using a stop loss.
He had added to the losing position, hoping that it would come back for him, but it didn’t.
By the time he confessed to what he’d done, he was down 60% and there’s not much that I, or anyone can do to help someone that’s got into that situation.
However, I can help stop that situation ever happening to you…
You see, the above story is just one example of the many things traders do which will impact their performance.
That one was obvious but there are also lots of subtle things traders that don’t even realize they are doing that halts their ability to be the trader they want to become.
We are all aware of the usual culprits;
Banking profits too soon
Hesitating and missing trade opportunities as a result
Removing or not using stops in order to avoid crystallizing a loss
Over trading
Under trading
And countless more….
In my 22 years of trading, there is one common factor that all traders need to develop – The Trader Mind…
I’ve yet to see an individual be truly successful without developing this part of their trading.
Sure, anyone can have a good run, but ultimately it fails because the trader has spent too much time chasing the Holy Grail and not developing themselves.
Yes back testing helps and yes, having a rules based strategy helps but I still meet countless traders that will still under-perform from where they should be despite doing these things.
Unless you develop the Trader Mindset, you will still make these subtle mistakes and yet we all know that it’s the mindset that’s the missing piece of the jigsaw for the majority of people.
For these reasons, I have put all my efforts into producing a truly unique Trader Mindset video course.
For those of you that know me, it’s mindset that I spend more time talking about than anything else in trading and for very good reason! It’s the most important part!
He was down 60% in open positions and no matter what I said, he couldn’t bring himself to close the trade. It was too late….
The above statement is from a real story that happened a few years ago in our trading room. A new member had got himself into trouble with his own trades by not using a stop loss.
He had added to the losing position, hoping that it would come back for him, but it didn’t.
By the time he confessed to what he’d done, he was down 60% and there’s not much that I, or anyone can do to help someone that’s got into that situation.
However, I can help stop that situation ever happening to you…
EzeeTrader|EzeeTrader – The Trader Mindset 2021|The Trader Mindset 2021
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