Success starts with the mindset - You can do it !

Your trading strategy is not the problem.

The problem is your trading mindset.

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We have what we call the 4P's.

1: Process
2: Practice
3: Patience
4: Profit.

Have this Mindset and take your trading to the next level.
You see were profit is placed, the last, traders put it first that's one of the reasons 90% loose money.

PAT

Hoping all of you are having a great day today??

If time permits, I will try to do a few chart reviews and trade set up that all had a plan to show the importance of putting in work, have a plan and trading that plan

Mental mind set is everything.

Of these trades, I traded several of them.

Others I missed but still worth review

You're welcome to share on how you handle a mindset shift that led to consistency in my returns.

PAT

Im listening chillout music this helping me a lot from bad and „in a hurry” decisions

What is mindset to trading ?.

This is how I does it everyday.

Isolating one pattern/set up that I look for.
Open the chart.
If it’s not there and immediately recognizable, then I go to the next one.

If I have to hunt for the trade, then it’s not for me.

Your trading and mindset will improve dramatically.

I have subscribed.

GOLD

Trade set up , preparation, analysis and mind set.

A mindset shift that led to consistency in my returns.

Mindset is everything when it comes to trading.

have to balance confidence in your plan with an acute acceptance of the potential negative outcome.

GOLD


Adding position

Hi, sorry to say but adding a few pips later another 2.2 lot, looks a little bit desperate to me. How do you manage your losses if i may ask?

EJ



Short position on pullback

so what will you do? just asking

EJ


Add position

5 years of trading makes you discover things about yourself that most people don't discover in their entire life.

Prepare your mind.

Here is your roadmap on what to buy and sell, if you think we are headed for stagflation soon

In comparison to Asset Class Returns of Stagfalation in '70s

Amazing lesson from Steve Harvey!


Steve Harvey on your gift and your talent


Must thanks him for that.

Now ask yourself.............how can you differentiate between your gift and your talent?
Then how can you turn it into a quest?

Share your thought here.:

NO amount of "mindset" in this world can overcome a crappy ass chart reading skills, strategy or trade management after is running..

Not even a former SEAL special forces operator later turned Buddhist monk can overcome this if he doesn't know how or have a solid foundation on how to read a chart or manage a trade later with math skills. the results are going to be "random" at best

Not going to happen.. ever.. Period

And yes, its important but NO in the % you assign to it


EDIT: spelling

EUR JPY

Carried forward from last week.

Note this morning Liquidity Grab taking out weak holder.

All this summed up as Mental Game in the Traders Mindset.

End of trade at POI.

What is actually Traders Mindset ?.

Did you know that day trading is at least 85% to 90% emotional and a mind game.

Well, let me tell you something.

And today I’m gonna show you just a few slight tricks that could totally make your mind strong and for you to be able to kill it when you’re in the live market.
Are you ready? Let’s go.

Alright, so as I said, 85% of day trading is mental and emotional.

I can guarantee you probably did not realize that because every day I get people saying it’s all about the charts.
It’s all about technical analysis.
Well, let me give it to you straight.
85% to 90% is actually day-trading through the mental and emotional state of mind, so you can know your charts.

You could do anything you want with a technical analysis.
But if your mind is not on the right, you will always lose.

However, there is a way to avoid it.
And today I’m gonna give you a couple of really quick cool tips to help you get past that.
First of all, the mind is a muscle just as it is in your bicep, your quadriceps, your ABS, you gotta train it to really gain that momentum.

And the only way you do that is let’s begin to learn how to do that.
Your mind and emotional is completely critical to becoming a day trader.
And the cool thing is you can learn how to do it.
Everybody could actually learn how to have a strong mind and a strong emotional mindset, which is crucial for day trading.

So having strategic and tactic knowledge is great.
And what is that, that’s knowing the charts of knowing technical analysis, the patterns.
Yes, it’s great.
And it’s just as important to an extent.
But remember, it’s only 20% of that.

That if you only know that only 20% of it will actually help you win.
So you have to really strengthen that other 80%, but that 80% doesn’t happen just like that.


Now, if you had a tragedy. Unfortunately, guys, this is so real tragedy.
Whatever it could be.
I mean, whatever the tragedy is, it might not have happened today, but if you are still dealing with that tragedy, please don’t go live in the market.
You are not there fully and emotionally stable.
You need to be strong. And if it means you have to step away for days or week, trust me, that’s going to be better for you than constantly going into the market and losing and with a tragedy.
So you have to step back.
You have to step out of that emotional.
I call it emotional headspace.

Unfortunately, that could happen. And that could just catapult and the domino effect of more emotion trading, which could really, really set you back far. And you don’t want that.
Now another thing is having lost more money than you wanted to.

You need to step back. You need to get away.
You cannot be chasing your trades.

You need to let it out.
You need to write it out.
It’s difficult to say.
Yes, we want to do that.
But the reality is that argument has nothing to do with the charts that are in front of you, and you need to be able to step away from it and completely remove yourself from that.

Take Your Time
I’m not there 100%, and it’s okay.
You could give yourself that permission.
And so many people, don’t they think?
Well, I’m sitting in front of this chat right now, and it better gives me some traits.
Let me tell you, it doesn’t have to do anything.

What it does have to do is do what it’s going to do and you have to have the emotional strength and the mental strength to say, yeah, I’m having a bad day. You know what? I’m not good here today right now, you know what?

The market is simply not giving me anything and be okay with it.
So now let’s talk about how to get to that space and how to train yourself mentally.

Clear your mind, see where you’re at understanding. And if you feel it and you will, majority of the times, you will, but you have to prepare yourself.
You need to do that clearing.

The most important part that I found that really, really helped was trusting the process, trusting that I can take a day off, trusting that I do need to clear my mind, trusting that I have a strategy that I can fall back on.

But first, I need to know that my mind is strong enough.
I guarantee you guys if you just begin with breathing, the meditation and then trusting the process, which is permitting yourself to admit that you’re having a day that you’re angry that you’re having revenge trading feeling and that there’s a tragedy that could hold you back, trust that it’s okay and trust that you will get there.

But you do need to do the work of pumping up your bicep.
Your mind is a muscle.

GU

Minor retrecement

Nothing to trade for reversal.

Taking liquidity above for another run down

Look at H1 set up