87.6% expect a December interest rate cut

SUCCESSFUL TRADING

1. Trading system

- Vision
- Execution
- Analytical skills

2. #Risk management

- Discipline
- Consistency
- Probability-based approach

3. #Psychology

- Patience
- Emotion control
- Long term thinking

You don't need more % You need more #capital

ARE YOU AN EMOTIONAL TRADER? Do This Self-Exam.

An emotional trader's typical mindset:

1. I must keep looking for new trading strategies until I find out the best and most accurate one.

2. I feel excited when the price goes in my favour.

3. I am upset when I lose in a trade.

4. I feel regret when I miss out a profitable trade.

5. I enter a trade based on my "gut feeling" that the price will go as I predict.

6. I hope that price will one day go back in my favour.

7. As long as I don't cut loss, I am not losing yet.

8. I bet almost all my chips on a single trade that I "feel" is a profitable one.

9. I don't have a trading plan. In fact, I don't even know what a trading plan is.

10. I always risk $1 to get LESS than $1.

11. I want to trade more when I have successive win trades.

12. When I incur losses, I am eager to trade more to hopefully cover the losses.

13. I enter a trade because my friends told me to.

14. Don't ask me to learn. I want only trading tips.

15. Tell me which currency pair will go up tomorrow without knowing yourself.

16. Tell me the best time frame/indicators to trade on.

17. I feel like a stupid to learn from scratch even though I had huge losses.

"If you eliminate all of the above, you will be a super profitable trader. To be sincere "

#Trading Psychologist Reveals how to hack Your brain for trading

7 STEPS TO BECOME A FEARLESS TRADER:

🔅1. BUILD A TRADING EDGE

- Develop a powerful weapon to make money in the markets.
- Be the best in the world on executing that trading edge
- Store past data, know every details of your edge (WR, RRR, etc.)

Your trading edge is your best offensive weapon.

🔅2. SET UNBREAKABLE RULES

- Never break your rules. If you start doing it, you'll get addicted to indiscipline
- They will also help you building valuable skills like discipline, confidence, etc.

Find an edge.
Set rules.
Execute.

🔅3. #RISK MANAGEMENT IS YOUR BEST TRADING DEFENSE.

- Most traders go all in and blow accounts over and over again
- Decrease your risk -> Less fear -> More confidence
- Increase your confidence -> Better skills and execution -> Increase risk later

Be a casino, not a gambler.

🔅4. THINK IN PROBABILITIES

- Focus on the next 1,000 trades, not on the next one
- Your edge needs to be executed repeatedly. Become addicted to repetition

Edge + Thinking in probabilities + Execution in the long term = Trading success

🔅5. ROME WASN'T BUILT IN 1 DAY

- Stop comparing your day 10 to someone else's day 1000
- To be the 1% you have to do what the 99% don't do

Start thinking in years, not in days.

🔅6. LOVE THE PROCESS

- Mistakes, losses and failures are your best teachers
- Trading is the most competitive business in the world. Don't give up at the first failure

Trading is a marathon, not a sprint.

🔅7. BECOME A FEARLESS TRADER

- Develop a powerful edge
- Set unbreakable rules
- Be a trading casino
- Love the process

Break your fear. Improve your trading.