Unstoppable Traders
Being a profitable distance trader is not easy. This requires discipline, a lot of patience and passion. In addition, you need to have certain habits that most people simply don't have.
All traders are different in some ways, everyone has their own trading strategy, but there is something that unites all successful traders.
Let's talk about these general features.
1. One deal is not the end
When the deal is already closed, you can start experiencing different feelings and emotions from happiness to grief and depression.
Newcomers drown in this wave of emotions and eventually lose control and money.
Professionals act differently. Each transaction is a common thing for them, while they do not experience a storm of emotions that can lead a beginner astray.
If you internalize the following ideas, it will be easier for you to deal with emotions:
• Success in trading is not one day, it is several months of trading and several hundred transactions. To understand how good you are, you have to trade following your strategy for a long enough time. Sometimes a year is not enough to understand that a trader is ready, and even more so one day is not enough. Therefore, prepare for a long journey and do not overreact to one losing trade.
• Risk management is very important. Before opening a deal, calculate how much you are willing to lose and not go crazy because of this loss. Losses should not lead you astray. You have to stay calm and follow the rules. Also, don't let profitable positions drive you crazy. In any situation, you should be calm and prudent.
2. They are confident, but not too irrational
Being confident in yourself is very important. A trader's confidence in himself and in his trading strategy comes with time. To do this, you need to learn how to clearly follow the rules of trading, be disciplined and eventually profit will come to you.
Confidence should manifest itself most of all in those moments when you have received a series of losing trades. This is inevitable and only the best are able to pass such tests with dignity. Professionals do not change the rules in the same situations, do not change the method of trading and coolly move on.
A confident trader does not give in to emotions, he knows exactly what he is looking for in the market and is ready to wait, ready to endure.
You should feel invulnerable, the market no longer has power over you.
3. Wait professionally
Professionals differ not only in the ability to trade, but also in the ability to wait. In the market, 80% of the time you will have to wait for your signal. The best traders are ready to wait for their highly profitable chance for several days, or even weeks. And even if they lose some money after a long wait, they are ready to wait again.
Newcomers suffer because they want to be in the market all the time. This is a big mistake. Most of the time, the market is unpredictable, especially for a beginner. Leave the sick desire to constantly be in the market, constantly open new positions. Learn to wait like the best traders.
In order to trade with a preponderance in your favor, you must patiently wait for obvious trading setups, and if they do not appear for several days, then you should not enter the market just like that. This time is worth spending on some other job or hobby. Unstoppable traders don't worry about not trading for days or even weeks, waiting for the next good setup to enter the market.
4. Good sleep is the key to success
Sleep is important not only for the trader, sleep is important for everyone. Without healthy sleep, you will not be able to be calm and calculating for a long time.
In addition, if you trade properly, namely:
• do not risk too much capital,
• do not open unnecessary positions,
• follow your trading plan,
• with respect to all of the above, observe discipline,
then you will not have any problems sleeping during real trading, since you will have nothing to worry about.
Well, if you sit in front of the monitor every day, anxiously watching the price movement, at a time when you should be sleeping, sooner or later this will lead to a complete loss of money.
Follow the strategy, don't chase the market, rest and come back full of energy.
5. Continuous training
All traders with experience know that it is difficult to trade because the market is volatile, and it is even more difficult to work on yourself, on your own discipline.
There is a good feature of trading – it helps you understand yourself. It's unpleasant, but it's definitely useful. This work is difficult, but the result is beautiful.
Thus, to become an unstoppable trader, you must know yourself and improve yourself in addition to your trading strategy. You will learn how to trade in the market and improve as long as you continue to trade. But you have to start doing it right now in order to start building your foundation for the right approach to your trading.
If you decide to go into battle, accept all of the above and your path will be much easier.
Good luck!
All traders are different in some ways, everyone has their own trading strategy, but there is something that unites all successful traders.
Let's talk about these general features.
1. One deal is not the end
When the deal is already closed, you can start experiencing different feelings and emotions from happiness to grief and depression.
Newcomers drown in this wave of emotions and eventually lose control and money.
Professionals act differently. Each transaction is a common thing for them, while they do not experience a storm of emotions that can lead a beginner astray.
If you internalize the following ideas, it will be easier for you to deal with emotions:
• Success in trading is not one day, it is several months of trading and several hundred transactions. To understand how good you are, you have to trade following your strategy for a long enough time. Sometimes a year is not enough to understand that a trader is ready, and even more so one day is not enough. Therefore, prepare for a long journey and do not overreact to one losing trade.
• Risk management is very important. Before opening a deal, calculate how much you are willing to lose and not go crazy because of this loss. Losses should not lead you astray. You have to stay calm and follow the rules. Also, don't let profitable positions drive you crazy. In any situation, you should be calm and prudent.
2. They are confident, but not too irrational
Being confident in yourself is very important. A trader's confidence in himself and in his trading strategy comes with time. To do this, you need to learn how to clearly follow the rules of trading, be disciplined and eventually profit will come to you.
Confidence should manifest itself most of all in those moments when you have received a series of losing trades. This is inevitable and only the best are able to pass such tests with dignity. Professionals do not change the rules in the same situations, do not change the method of trading and coolly move on.
A confident trader does not give in to emotions, he knows exactly what he is looking for in the market and is ready to wait, ready to endure.
You should feel invulnerable, the market no longer has power over you.
3. Wait professionally
Professionals differ not only in the ability to trade, but also in the ability to wait. In the market, 80% of the time you will have to wait for your signal. The best traders are ready to wait for their highly profitable chance for several days, or even weeks. And even if they lose some money after a long wait, they are ready to wait again.
Newcomers suffer because they want to be in the market all the time. This is a big mistake. Most of the time, the market is unpredictable, especially for a beginner. Leave the sick desire to constantly be in the market, constantly open new positions. Learn to wait like the best traders.
In order to trade with a preponderance in your favor, you must patiently wait for obvious trading setups, and if they do not appear for several days, then you should not enter the market just like that. This time is worth spending on some other job or hobby. Unstoppable traders don't worry about not trading for days or even weeks, waiting for the next good setup to enter the market.
4. Good sleep is the key to success
Sleep is important not only for the trader, sleep is important for everyone. Without healthy sleep, you will not be able to be calm and calculating for a long time.
In addition, if you trade properly, namely:
• do not risk too much capital,
• do not open unnecessary positions,
• follow your trading plan,
• with respect to all of the above, observe discipline,
then you will not have any problems sleeping during real trading, since you will have nothing to worry about.
Well, if you sit in front of the monitor every day, anxiously watching the price movement, at a time when you should be sleeping, sooner or later this will lead to a complete loss of money.
Follow the strategy, don't chase the market, rest and come back full of energy.
5. Continuous training
All traders with experience know that it is difficult to trade because the market is volatile, and it is even more difficult to work on yourself, on your own discipline.
There is a good feature of trading – it helps you understand yourself. It's unpleasant, but it's definitely useful. This work is difficult, but the result is beautiful.
Thus, to become an unstoppable trader, you must know yourself and improve yourself in addition to your trading strategy. You will learn how to trade in the market and improve as long as you continue to trade. But you have to start doing it right now in order to start building your foundation for the right approach to your trading.
If you decide to go into battle, accept all of the above and your path will be much easier.
Good luck!
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🔻FREE Telegram channel🔻
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