3 Mindset Shifts to Improve Your Trading
Trading is one of the greatest producing high-income skills a person can master.
But it is not easy.
It will mess with your head and shake your confidence.
But we have some tips to combat that…
1. Shift your focus to what you know
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. 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.
3. Give your top trades a chance to fly.
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.
