
Tuesday, 24 October 2017
Shekhar's Tech -10-rich-trader-mental-habits/
Ten Powerful Psychological Traits of the Rich Trader
- They have the ability to admit they were wrong and get out of a trade. They know the place where price proves them wrong.
- They have the ability to not only close a losing trade but reverse and go in the other direction with the right signal.
- The rich trader is not trying to prove anything about themselves they are focused on making money.
- They do not fall in love with an idea, currency, commodity, or stock they will make trades based on price action.
- Rich traders know that the market action is their ultimate boss regardless of their opinions.
- No matter how sure they are about a trade they still ALWAYS manage the risk.
- Rich traders get more aggressive when winning and trade smaller or take a break during a losing streak.
- A great trader is one that can admit to anyone that they were wrong.
- Rich traders do not believe their own hype, they know they can not really predict the future they can only react to current reality and the probabilities.
- Rich traders love what they do, win or lose.
When you are trading with a mindset like that, it is hard to be beaten over the long term. Time is your friend.
Subscribe to:
Posts (Atom)
-
OUR ULTRA PROFIT MULTI SIGNALS SYSTEM INDEX FUT TO OPTION THIS SYSTEM GIVE DAILY 1 TO 4 SURE SIGNAL WE ENTER WITH 25% SL & 25% 1S...
-
Learn Nifty Positional Trading Strategy :- To Learn Nifty positional Trading Online course call us on : 09960708936 or 09999804561 ...
-
Nifty Index Daily Outlook: 19.05.2014 As written in our Daily Outlook, on Friday 16.05.14, Nifty Index faced a strong hurdle at...
Project- Karli- Highway Treasure
Project- Highway Treasure-Karli Address- Residencial & commercial layout, plan on khasra No. 1/1 & 42 (Part) Mauz...





