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Trading success depends on your motivation. If you motivation is to get rich quick, you will fail. If you look to truly learn how to trade, learn about the markets and most importantly yourself, you are on the right path to success
The Traders Psyche retweeted
Join us tomorrow at 12:00 where we will be doing a live Webinar on Why Traders Self Sabotage, hosted by @ixinvestor at Round the Clock Trader #Trading #Tradingpsychology #FX #Forex Register free here: attendee.gotowebinar.com/reg…
The Traders Psyche retweeted
The Traders Psyche retweeted
How I run my business
2020 was my 10th year as an entrepreneur. Here are some "rules" I try to follow after a decade of stumbling around building my company.
(Not rules for all businesses. Just how I choose to run mine.)
A thread 👇👇👇
The Traders Psyche retweeted
The Traders Psyche retweeted
"Michael Phelps (@MichaelPhelps) and Grant Hackett — Two Legends on Competing, Overcoming Adversity, Must-Read Books, and Much More"
Apple Podcasts: podcasts.apple.com/us/podcas…
Spotify: open.spotify.com/episode/6yj…
Show notes: tim.blog/2021/01/21/michael-…
Please enjoy! 🙌
The Traders Psyche retweeted
Keep a notebook and a pen handy. It’s your journal, your diary, your goal map. Write by hand in it every day at the same time everything you are thinking, dreaming, feeling, goals, plans, things good and bad. Typing is faster but writing by long hand is far more powerful. Try it.
The Traders Psyche retweeted
New traders tend to place their focus on 'being right', with little to no plans on what to do if they are wrong. Experienced traders know that that they will be wrong, and thus plan accordingly #trading #forex #fx #spx #spy #djia #gbpusd #tradingpsychology #daytrading #BindalFX
The Traders Psyche retweeted
Why do the overwhelming number of traders fail ???
I’d like to hear people’s opinions, though not at the first ‘symptomatic level’, eg they take profits too deeply, lack discipline, panic, etc! I’d like to hear people’s views at the deeper level.
All opinions respected 🤝
The Traders Psyche retweeted
What are the key factors which lead some traders to succeed??
This is the opposite to yesterday’s question (below) which produced some great answers. 🙏Responses should not be the opposite, i.e. not why they don’t fail, but why they succeed.
The Traders Psyche retweeted
"Risk comes from not knowing what you are doing" - Warren Buffet - Give yourself the best chance of succeeding by fully understanding your edge. Keep your journals, statistics, and keep looking to improve daily #trading #forex #fx #spx #tradingpsychology #daytrading #BindalFX
The Traders Psyche retweeted
Pro tip:
Your only limit is you.
Instead of saying “I can’t”, start saying “how can I...”
When you start changing your attitude, the things looks impossible will start to look possible.
Motivate yourself but motivation alone is not enough. Prepare to put in hard work, too!
The Traders Psyche retweeted
Markets are closed now, but some of my best "trading" happens on weekends. This doesn't just mean planning new trades. It also means looking at what went right/wrong this week, and revising my process or psychology to correct the weaknesses and build on the strengths next week
The Traders Psyche retweeted
Big caveat: I still work *extremely* hard.
Intellectually, I want more leisure. But at the same time, busting my ass for the past five years has improved my life tremendously.
Brunello Cucinelli, who I wrote about below, strikes a wonderful balance of leisure and hard work.
Replying to @david_perell
2. He sets strict working times.
His team starts the day at 8am and have a hard stop at 5:30pm, after which work is forbidden.
He says: “Human beings are much more creative in the morning after a good rest and after devoting time to themselves and their families."
The Traders Psyche retweeted
One of the Great Pradoxes of my Work. Is that the best traders (& managers & salespeople) I’ve coached is that they don’t fear losses, and therefore can take them far easier. They embrace losses, not as failures, but as steps on the path to success.
It’s a powerful mindset.
The Traders Psyche retweeted
When I make a mistake, I immediately smile.
I tell my brain it's not a big deal. I'm having fun, learning.
That's how you train yourself to react well.
The Traders Psyche retweeted
Webcast of Crew Dragon’s demonstration mission with @NASA astronauts @AstroBehnken and @Astro_Doug on board the spacecraft is now live → spacex.com/launches nitter.cf/i/broadcasts/1mnGeQAQb…
The Traders Psyche retweeted
Be forgiving with your past self.
Be strict with your present self.
Be flexible with your future self.
The Traders Psyche retweeted
Traders may want to stockpile books for the next few week. I’d suggest ‘Black Swan’ may be a good start.
Here is a list of outstanding books on trader mindset :
alphamindblog.blogspot.com/p…
There are many more outstanding trading books, please add your suggestions by reply.




















