Right mindset: is it key to profitable trading?

[Zithiel89]

In fact, I would like to share one meditation technique or I don't even know what to call it, which I recently read in a book about trader psychology.
Before you start trading, you need to imagine how you will trade, how you will act in the market, what kind of profit you will make today, what emotions you will experience in this process. You need to imagine as much detail and brighter as possible so that you really find yourself in this situation.
I don't know how it works and I can't call it some kind of objectively acting instrument. But it does give you some confidence in the positive meaning of the word. I think that everyone can try it - at least it will not be superfluous, but maybe it will really help many traders.

 

[IamaMars]

As time goes by, the mood as such is overshadowed by the fact that your experience allows you to act mechanically just by performing certain analysis and trading operations. On the one hand, trading ceases to be something exciting and incredibly interesting, although in 10 years you may find some unconventional information that will surprise you and provide you with new opportunities. On the other hand, a calm and measured work, which brings you a regular increase in capital - this is exactly what more traders strive for. So you should probably give yourself time to get used to it and come to making your trading a real job, a business and not a game or entertainment.

 

[Ethilaloth]

I agree that this is really important because I think everyone has noticed that if you are tired or in a bad mood today, the probability that your trading day will be successful is zero. You really only need to trade when you are really ready for it and I think you can afford to miss a couple of trading days if you feel like you need some rest, that's absolutely normal. And it's better to increase your capital in the future than to let your financial resources go down because of inattention or irritability, and then to recover long and painfully. I think it is a good measure in everything, I would even say that this is a key stage of preparation for trade. And every trader should pay attention to it.