#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.

Powell didn’t comment on the economic outlook today.

The next FOMC will be crucial for clarity on QT ending, potential QE, and of course the rate cut itself.

Prepare accordingly.

Federal Reserve Injects $13.5 Billion Into U.S. Banking System in Major Overnight Repos.

This marks the second-largest liquidity injection since Covid and even exceeds the peak levels seen during the Dot Com Bubble.