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Developing a Trader's State of Mind

  • #21
  • Jan 6, 2014 3:54am Jan 6, 2014 3:54am
Quoting PoundTrader
{quote} F - Follow O - One C - Course U - Until S - Successful
No offence, Ass pounding Is Chickyezz rule.
____________

All need Discipline. So, thats my favourite and most important. Discipline.
  • #22
  • Jan 6, 2014 6:24am Jan 6, 2014 6:24am
Become "stress averse"

Stress = bad decisions

Just my view
Anything can happen.
  • #23
  • Jan 11, 2014 12:46am Jan 11, 2014 12:46am
Quoting ddinnov
Become "stress averse" Stress = bad decisions Just my view
  • #24
  • Jan 11, 2014 1:07am Jan 11, 2014 1:07am
Quoting PoundTrader
lets put together a list of things that can help traders develop there state of mind
1. Divorce yourself from your trades.
2. Trade small enough so that this is possible.

3. Cliches, like all stories, have a basis in truth over a long period of time, listen to them. But, do not become beholden to them.
If you are good at something, never do it for free--Joker
  • #25
  • Jan 11, 2014 2:03am Jan 11, 2014 2:03am
environment you are put in must develop your mind in competitive way
if not-good luck
With a good book and quality paper you can fine wipe your ass.
  • #26
  • Jan 11, 2014 5:07am Jan 11, 2014 5:07am
A wise man said:

  1. Enemy to Success: Over-Trading, Over-Leveraging, … Secret is to cut the number of ur trades. Trading is always a CHOICE BETWEEN QUALITY vs QUANTITY ; Be a crocodile = Hunt your pray wisely.
  2. Over come getting emotional = Over Confident when wining / Revengeful when loosing.
  3. When trading real money, your focus shifts from DOING the right thing to a focus on the RESULT or the outcome of each trade.

Regards

Manage probability while following the TREND.
  • #27
  • Jan 21, 2014 5:40am Jan 21, 2014 5:40am
Quoting khanderoo
A wise man said: Enemy to Success: Over-Trading, Over-Leveraging, … Secret is to cut the number of ur trades. Trading is always a CHOICE BETWEEN QUALITY vs QUANTITY ; Be a crocodile = Hunt your pray wisely. Over come getting emotional = Over Confident when wining / Revengeful when loosing. When trading real money, your focus shifts from DOING the right thing to a focus on the RESULT or the outcome of each trade.Regards
  • #28
  • Jan 21, 2014 1:25pm Jan 21, 2014 1:25pm
Quoting khanderoo
A wise man said: Enemy to Success: Over-Trading, Over-Leveraging, … Secret is to cut the number of ur trades. Trading is always a CHOICE BETWEEN QUALITY vs QUANTITY ; Be a crocodile = Hunt your pray wisely. Over come getting emotional = Over Confident when wining / Revengeful when loosing. When trading real money, your focus shifts from DOING the right thing to a focus on the RESULT or the outcome of each trade.Regards

This is nice
  • #29
  • Jan 21, 2014 2:12pm Jan 21, 2014 2:12pm
I feel the only way to become good at this is to go through all that bad shit that we all have gone through. Losing money sucks. Being wrong and failing at something sucks more for me. You got to feel how shitty that is and not want to feel it anymore. Stress, doubt and all those fun things.

My list has only 1 entry. 1.) Get ready to be mind F---ED.

Only the strong survive...
SPC * Swollen PocketZ Crew!
  • #30
  • Last Post: Jan 21, 2014 2:24pm Jan 21, 2014 2:24pm
Reversion to the mean, keep that in perspective when you are target based......don't let your bias over rule common sense.
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