Managing Money Mindset As A Trader Is Very Important. In this case, if I had a good strategy and stuck to the rules, nothing could go wrong. Misconception: A lot of people who start trading make this mistake. Most of the time, this leads them to lose money and give up on trading. A lot…
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Managing personal finances is important. Personal finances are only about how you manage your money and how much you spend. In personal finance, it’s more about how people act than how math works. There are many people who don’t need to keep track of how much money they make if they are thrifty and don’t…
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It’s one sign that you’re new to trading or investing if you react too emotionally to a single trade. You can’t be a winner in one day or one trade on a short time frame. Success happens over a long time. Market edges show up over time with more trades. Profitability in trading comes from…
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To be a good trader, you don’t have to know how to do math or how to pick stocks. Understanding the psychology of trading is very important. After you have a quantified trading system with an edge, how you deal with your emotions will determine your success more than anything else. This is because how…
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People can have six different types of wealth in their lives. Wealth is measured by how much money and things you own. Wealth comes from having a lot of success and fame, which gives you a lot of power. In good health, we can find the wealth. Wealth comes in time, so you can make…
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In trading, more action and time spent looking at screens does not always lead to more profits. Try to Trade Less and Make Money. Emotional mistakes are more likely to happen if you trade all day and keep an eye on the price every minute, but this isn’t always the case. Trade Less and Make…
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To start a new journey, you should think about both the risk vs reward in trading. This is true for trading as well as for life. You have to think about whether the risks of losing are worth the chance of getting something in return. When you start trading, your risk is made up of…
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A market’s price action is referred to as a ‘falling knife’ on a chart because of its speed and trajectory. It continues to make lower lows without stopping or bouncing back. Before there is a signal or a good reason to do so, it is not a good idea to buy into a chart with…
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