Trading is 20% strategy and 80% managing your own brain.
Trading King
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Trading is 20% strategy and 80% managing your own brain.

Trading King
@tradingking

9 days ago

Trading is 20% strategy and 80% managing your own brain.

THE CYCLE OF THE LOSING TRADER:
1. See a setup. Get excited.
2. Enter the trade. Feel smart.
3. Price goes against you. Feel nervous.
4. Move your stop loss to "give it room." Feel hopeful.
5. Price drops more. Feel panicked.
6. Panic sell at the worst possible price. Feel devastated.
7. Price reverses and hits your original target. Feel furious.

THE CYCLE OF THE DISCIPLINED TRADER:
1. See a setup. Check risk/reward.
2. Set stop loss. Set take profit. Enter.
3. Price hits stop? Accept the loss. Journal it. Move on.
4. Price hits target? Take profit. Journal it. Move on.
5. Next trade.

The difference is not intelligence. It is emotional discipline.

The best traders are not the smartest. They are the most boring. They follow the plan when their brain screams at them to deviate. Every. Single. Time.

#Trading #Stocks #Forex #TradingPsychology #Learning #Discipline #MindsetMatters #BeginnerTrader #StockMarket #FinancialLiteracy

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Saro-Wiwa olumide @olumidesaro-wiwa3345
The part about moving the stop loss to 'give it room' hit way too close to home lol. I've done that exact thing so many times thinking I was being smart, only to watch it eat through my account. Still working on the boring part but man it's harder than it sounds
6 days ago