BTC/USD

$67,678.10 0.94%

ETH/USD

$3,765.88 1.94%

USD/EUR

$0.93 0.09%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.16 0.06%

BTC/USD

$67,678.10 0.94%

ETH/USD

$3,765.88 1.94%

USD/EUR

$0.93 0.09%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.16 0.06%

BTC/USD

$67,678.10 0.94%

ETH/USD

$3,765.88 1.94%

USD/EUR

$0.93 0.09%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.16 0.06%

BTC/USD

$67,678.10 0.94%

ETH/USD

$3,765.88 1.94%

USD/EUR

$0.93 0.09%

VIX

$14.28 10.53%

NASDAQ Composite

$16,920.60 0.58%

DXY

$105.16 0.06%

3 Mindset Shifts to Improve Your Trading

3 Mindset Shifts to Improve Your Trading

Trading is one of the greatest producing high-income skills and mindset shifts person can master.

But it is not easy.

It will mess with your head and shake your confidence.

This is one of those mindset shifts that will change you for the rest of your life.

So how do you finally make it happen?

1. The mindset shifts start by focusing on what you know vs. what everyone is telling you to do.

Trading is all about focusing on what you know, not getting every trade right.

Just like a test in school.

You are going to focus on what you know to ensure you get that right.

Then you’ll focus on the questions you’re unsure of after.

2. Change your mindset to be paranoid of losing your account.

Protecting your capital should be something you think about with each trade.

You should hate losing money more than you love making money.

Understand that without your capital, you cannot trade.

If you cannot trade, you cannot make money.

Protect your capital at all costs.

This is one of those mindset shifts that is difficult to overcome, but it is one that is necessary to succeed.

3. Give your top trades a chance to fly by shifting your mindset with different trading strategies.

The saying, “80% of your gains will be made with 20% of your trades” is true.

Use tools to allow your best trades to run as long as possible.

You can do so by using:

  • Trailing stop losses
  • Trendlines
  • Taking profits along the way

We all have struggled with these at some point.

Let this be your sign to try again.

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