One of the most difficult truths in trading to learn is that if you hope to consistently make a profit, you need to think and act the way you are before you become.
Novice traders should monitor and imitate the mental qualities, views, belief systems and trading processes of successful traders and investors who came before them. This seems obvious and may seem relatively simple, but there is a reason why so few people actually succeed in trading. They need insight and help in what they really need to change and do if they want to make money in the markets..
The main reason why most people fail in trading is that people tend not to like doing something “boring” or “inconvenient” all the time. Even when it comes to such important things as health and fitness, most people know what they should do, but they deliberately do not do it, even if they are aware of the consequences.
When these “consequences” seem “far away” or “far away,” we begin to weaken our commitment to the discipline necessary to succeed. So, you need to be mindful of these consequences so that you start paying more attention to what you need to do to achieve what you want.
So, what do millionaire traders value?They value abundance and opportunityDo you want to know the fastest way to lose all your money when trading? Act like you’re desperate. Or, if you REALLY want to LOSE your money QUICKLY, act as if you’re desperate and don’t even know you’re doing it!
What is “acting like you’re desperate”?
Trading as if you are desperate essentially means that you are “desperate” to make as much money as possible as quickly as possible, and this, ironically, prevents most traders from ever making money. When you do things like trade when your advantage is not there, or increase the size of your position beyond what you know you are comfortable losing, or otherwise deviate from your trading plan, you act as if you are “desperate”. ” earn money. You need to stop doing this if you want to think and act like a millionaire.
Millionaire traders value their work in the market
One of the biggest differences between a successful trader and a losing trader is that the former values productivity, while the latter values money first. When you evaluate your real trading results in the market, you focus on the right things and form the right trading habits that will help keep your results positive. When you value only money, you start to forget about all the things you need to do right to improve your work. Things like having a trading plan, discipline and not over-trading or taking excessive risk for each trade, extending your trades, placing your stops further, etc. They evaluate what they need to do to keep their stock curve growing steadily.
Millionaire traders value themselves and their abilities
Self-doubt often does not help in any way. However, traders will continue to face a perfectly good price action signal and not agree to a trade because they are scared for one reason or another. They doubt themselves and do not believe in their ability to act. Well, sometimes it’s caused by the fact that you just don’t know what your trading advantage really is (which I can help you with in my professional trading courses), but often it’s caused simply by over-thinking.
How do millionaire traders behave?
Knowing how millionaire traders feel about trading is only half of the equation, the other half is how they trade in the market. As you may know, it’s one thing to know something, and quite another to put it into practice and really do it. So, I don’t want you to just read this lesson and think that you “know everything”, I want you to really apply it in your trading.
Millionaire traders, trade less than you.
Anyone who has followed me for a long period of time has probably read one of my lessons about trading at the end of the working day, about why you should do it and how effective it is. But let me just repeat it here: trading at the end of the working day is the way most millionaire traders trade. You’re asking how I know that? It’s simple. There are simply not enough high-yield trading opportunities in the market every day, week or month to allow most traders to make daily trades and really succeed. In addition, day trading is often a catalyst for people who trade too much, take too much risk and do everything else wrong. I really can’t say enough bad words about trading too often, if you don’t believe me, it’s just a matter of time before you figure it out by trial and error!
Conclusion
Trade like millionaire traders I want you to close your eyes and imagine that you are already where you want to be with your trading. You earn stable money in the markets for a year, you have a plan that you followed to get here, and you are happy with your risk on the deal. They have no problem with losses because they know that profits will compensate them and much more if they stick to the plan. Now, every time you sit down to look at the diagrams before turning on the computer, do the same exercise or something similar.
