Are you interested to hear from us inexperienced traders?
You can learn what not to do from us.
Trade mentality
- Thread starter Ethan.ishere
- Start date
You can learn what not to do from us.
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Sounds right+ 2 more .
2]IF some do that number 2 , no exercise, that will make the highest probability of bad health.
The other one is have @ least 2 positions or more , that way all will not turn around right @ same time after you sell
For me, it’s staying disciplined by sticking to your plan, being patient during market fluctuations, and prioritizing risk management to protect your capital.
Stress comes from lack of confidence, confidence comes from experience of which discipline is a factor, which is derived from demographics, which all comes down to statistics and numbers, the foundation of finance.
A standard hedge fund targets 15-20% per year which requires accredited investor status, namely millionaire, there are 47millions millionaires in the world with 8billion people on the planet, that gives you circa 0.58% probability of success making 15-20% per year.
Which leads to the simple numbers I was given that you have 92% probability of loss 92% of the time in the financial markets, now given all that most people have very low confidence and very low expectations of themselves, so for them $1 is being successful, their stress comes from losing capital, this is the foundation for most everyone discussing trading/investing.
Successful traders stress comes from not over trading, from missing profits, from mistiming markets, and at all costs from protecting capital while exposing enough to make real profits.
A standard hedge fund targets 15-20% per year which requires accredited investor status, namely millionaire, there are 47millions millionaires in the world with 8billion people on the planet, that gives you circa 0.58% probability of success making 15-20% per year.
Which leads to the simple numbers I was given that you have 92% probability of loss 92% of the time in the financial markets, now given all that most people have very low confidence and very low expectations of themselves, so for them $1 is being successful, their stress comes from losing capital, this is the foundation for most everyone discussing trading/investing.
Successful traders stress comes from not over trading, from missing profits, from mistiming markets, and at all costs from protecting capital while exposing enough to make real profits.
Hello! Maintaining a disciplined mindset is key, especially when facing challenges. Focus on managing risk, staying patient, and sticking to your strategy, regardless of the current position.
by making money and buying lambo's and jet's
Getting the hang of trading was tricky. But even with my best efforts, I found it challenging to stay focused and stick to my strategy. I have personally found that copy trading has been incredibly helpful in tackling this challenge. Now, I follow skilled traders on zulutrade who match my style, making trading easier while staying focused.
Of course, finding the right trader to copy isn't always easy. It takes time and research to find someone whose style matches yours. But once you do, it can really take the pressure off and help you stay disciplined in your trading journey.
Of course, finding the right trader to copy isn't always easy. It takes time and research to find someone whose style matches yours. But once you do, it can really take the pressure off and help you stay disciplined in your trading journey.
Well, when I'm not in a winning position, I try to stay calm and stick to my trading plan. I constantly remind myself that losses are part of the process and to focus on long-term success rather than short-term setbacks.