How Winning Traders Rebound, make a Come Back, and Never Quit

I firmly believe that what truly separates the 5% of winning traders from the 90% that lose and 5% which are at breakeven is the "Trader’s Mindset". The vast majority of traders think they want to trade until the losses hit them over and over and they just can’t mentally and emotionally handle it and end up quitting entirely.
I believe the following ten principles separate the quitters from the winners in the stock market.

• They accept losing trades quickly but it does not define them, they learn and try again. The next trade will be more wise than the last one.

• They compartmentalize emotions by not blaming themselves but understanding the historical expectancy of their systems returns.

• They have a bias toward action by constantly doing things that move them closer to their goal of being a rich trader. (Homework, chart study, reading, being mentored, back testing, etc. )

• They change their minds sometimes, they know when to stop doing something that does not work and move in the direction of trading success through new lessons. They learn what type of trading is right for them.

They prepare for things to go wrong through risk management

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