Trading psychology goes beyond surface conversations about greed, overconfidence, fear, hope etc.
In my years of trading, running a hedge fund company and mentoring over 1000 students I have come to realize that there are two types of traders. And your ability to discover where you belong will cause a major shift in your approach to the markets and ultimately your profitability.
The Analyst : you are good with analysis whether technical or fundamental … you develop strategies that are easy to digest and adaptable. You spend time observing and absorbing the charts so much that you become one with it. Your before and after screenshots are banging and everyone sings your praises because of the analytical results you post.
But on the back end you’re burning .. you lack the audacity needed to place and manage your trades so your accounts are blowing every now and then. Your MT5 paints the colour red more than it does blues. You don’t Remeber when last you withdrew even though the market throws a few dollars at you to pacify you and sometimes you ask yourself if this is reallly real.
The Executioner : you are terrible with analysis. You dare not post your before and after screenshots. You’re not a complete dummy but analysis is not your thing. You paid for mentorship but after 700 years you still don’t it.
But you posses the ability to take trades and manage them. You’re bold enough to cut your losses early and courageous enough to let your winners run. You blow accounts too because of your overconfidence. But you have the tendencies to make more profits than losses.
Before I continue, take a pause and ask yourself - Which of these two categories do I fall under? What kind of trader am I?
An analyst? Or an executioner ? …..
Once you have identified yiur class, we will be dealing with it extensively in the next cohort of the reset program 🎯
C) Urban Plug (mentor of mentors) 🎯
In my years of trading, running a hedge fund company and mentoring over 1000 students I have come to realize that there are two types of traders. And your ability to discover where you belong will cause a major shift in your approach to the markets and ultimately your profitability.
The Analyst : you are good with analysis whether technical or fundamental … you develop strategies that are easy to digest and adaptable. You spend time observing and absorbing the charts so much that you become one with it. Your before and after screenshots are banging and everyone sings your praises because of the analytical results you post.
But on the back end you’re burning .. you lack the audacity needed to place and manage your trades so your accounts are blowing every now and then. Your MT5 paints the colour red more than it does blues. You don’t Remeber when last you withdrew even though the market throws a few dollars at you to pacify you and sometimes you ask yourself if this is reallly real.
The Executioner : you are terrible with analysis. You dare not post your before and after screenshots. You’re not a complete dummy but analysis is not your thing. You paid for mentorship but after 700 years you still don’t it.
But you posses the ability to take trades and manage them. You’re bold enough to cut your losses early and courageous enough to let your winners run. You blow accounts too because of your overconfidence. But you have the tendencies to make more profits than losses.
Before I continue, take a pause and ask yourself - Which of these two categories do I fall under? What kind of trader am I?
An analyst? Or an executioner ? …..
Once you have identified yiur class, we will be dealing with it extensively in the next cohort of the reset program 🎯
C) Urban Plug (mentor of mentors) 🎯
If you wish to join us in trading only GBPUSD…. react to this message
❤23
Hope you’re not planning to miss today’s session on Time
And Price !!!!!!
And Price !!!!!!
❤4
Anonymous Poll 📊
ARE YOU PROFITABLE IN TRADING YET ??
ARE YOU PROFITABLE IN TRADING YET ??
Final Results
65%
No - it’s proving difficult ❌
35%
Yes - I’m getting it ✅
❤4