Sep 11, 2017

Don`t Think About The Money

"Finding the good trade means shutting down the ego, emptying the mind, and becoming receptive to insight. If you are actively *trying* to make money and thinking about how much you're making or losing, you fill your mind with outcome-thinking, which crowds out the process focus."
- Dr. Brett Steenbarger (in Trader Feed)

If you have any attachment to money—and who doesn’t?—it is very tough to trade correctly. This is one of the lesser-known secrets about trading success. When you are trading, you shouldn’t be thinking about the money. You should be thinking in point terms, as if you were playing a game. Of course, that must come after you’ve designed a business plan and put strict risk-management rules in place, such as not risking more than 1 percent of your capital in a single trade. But when you are trading, executing your trades, and watching the market, you should be thinking only in market terms, not in money terms. You should say to yourself, “I am up twelve points on this stock,” and not, “I have a profit of twelve hundred dollars on this trade.” Try that approach, and your trading surely will benefit.

You will follow practical steps and acquire the essential skills a successful trader must have in order to consistently win, and you'll also learn:

- how to develop a trading system
- how to utilize the best trading techniques within a trading methodology
- how to think about the psychological aspects of trading and the markets
- how vital it is to treat trading like a business

As you master this breakthrough program, you'll build yourself a distinctive trading signature.

"It took me five years to become a profitable trader and almost another five years to become extremely consistent. If I had come across the right trading material and concepts earlier, I’m sure the learning curve would have been far shorter. This practical book will give you the materials and concepts I wish I’d had early in my career." - Henrique M. Simões

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