It is quite interesting that more and more trading psychology threads pop up. Almost like in the book market, where all the self-help books come up.
One can really see a lot of parallels with the advice given.
"You have to set realistic daily goals" - "you have to plan how you will achieve it" - "you have to follow your plan" - and all this other crap.
I don't know, don't people see that trading is a business like any other. And a very highly competitive one. It's not a job, it's a business.
And running a successful business has mostly to do with finding a niche, which the majority of already established businesses have overlooked. Or just doing things in a smarter and more appealing way to the customers than the already established ones. You can have the best business owner and manager mentality, but if you don't have a unique niche, business model or product, you will not make it in any business.
Now here in this forum people seem to think that you can just take any method and just need the right psychology to make it work. Are people really so delusional, especially in the trading industry? This industry really seems to attract a lot of mentally weak people, otherwise they wouldn't require so much assistance in developing psychology.
You need a niche, something most people are not looking at or has a high barrier of entry. Not all this psychology crap.
Feel free to criticize.
One can really see a lot of parallels with the advice given.
"You have to set realistic daily goals" - "you have to plan how you will achieve it" - "you have to follow your plan" - and all this other crap.
I don't know, don't people see that trading is a business like any other. And a very highly competitive one. It's not a job, it's a business.
And running a successful business has mostly to do with finding a niche, which the majority of already established businesses have overlooked. Or just doing things in a smarter and more appealing way to the customers than the already established ones. You can have the best business owner and manager mentality, but if you don't have a unique niche, business model or product, you will not make it in any business.
Now here in this forum people seem to think that you can just take any method and just need the right psychology to make it work. Are people really so delusional, especially in the trading industry? This industry really seems to attract a lot of mentally weak people, otherwise they wouldn't require so much assistance in developing psychology.
You need a niche, something most people are not looking at or has a high barrier of entry. Not all this psychology crap.
Feel free to criticize.