The Traders Psyche

Full Time Trader.
Perpetual Student of the Mind and the Markets.
Always happy to help.

[The Traders Psyche @traderspsyche]

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

[Bindal FX @BindalFX]

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: https://t.co/g0YdEYB3o9

[Ray Dalio @RayDalio]

#principleoftheday

[Bindal FX @BindalFX]

#fx #forex #trading #daytrading #btcusd #bitcoin #spx #spy #usd #gbpusd #eurusd #growthmindset #wealthmindset #successmindset #endresult #tradingpsychology #bindalfx

[James Clear @JamesClear]

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 👇👇👇

[Bindal FX @BindalFX]

#fx #forex #trading #daytrading #btcusd #bitcoin #spx #spy #usd #gbpusd #eurusd #growthmindset #wealthmindset #successmindset #endresult #bindalfx

[Bindal FX @BindalFX]

Read the latest Bindal FX Market Watchlist & Trade Plan for 1st-5th February:

https://t.co/C595qZO8EQ

#GOLD #USDCHF #GBPUSD #XAUUSD #bitcoin #BTC #BTCUSD #Bindalfx

[Tim Ferriss @tferriss]

"Michael Phelps (@MichaelPhelps) and Grant Hackett — Two Legends on Competing, Overcoming Adversity, Must-Read Books, and Much More"

Apple Podcasts: https://t.co/IccMMu1Azp

Spotify: https://t.co/fjUPzeYP1N

Show notes: https://t.co/5NmJylkl7Z

Please enjoy! 🙌

[billionaire_secrets @billionaire_key]

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.

[Bindal FX @BindalFX]

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

[Steven Goldstein @AlphaMind101]

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 🤝

[Steven Goldstein @AlphaMind101]

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.

[Bindal FX @BindalFX]

"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

[MT @MonacoTrader]

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!

[Adam Mancini @AdamMancini4]

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

[David Perell @david_perell]

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.

[Steven Goldstein @AlphaMind101]

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.

[Gal @galjudo]

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.

[SpaceX @SpaceX]

Webcast of Crew Dragon’s demonstration mission with @NASA astronauts @AstroBehnken and @Astro_Doug on board the spacecraft is now live → https://t.co/bJFjLCzWdK https://t.co/aXQUcY4diB

[James Clear @JamesClear]

Be forgiving with your past self.

Be strict with your present self.

Be flexible with your future self.

[Steven Goldstein @AlphaMind101]

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 :
https://t.co/yYnB7J2jpc

There are many more outstanding trading books, please add your suggestions by reply.