Monday, May 4

Trading is a Mindset, Not a Technical Set-Up

The biggest secret to trading is that you need to ruthlessly exploit a few simple trading strategies to become profitable rather than understand a lot of different trading setups. I plan on sharing both with you, but making money is your responsibility. It's important to keep the goal of making money firmly implanted in your mind. So, let me discuss my mentality.

I am hardly a perfect trader. I am far from that in fact. When I was new to the markets, my biggest fallback as a trader was that, like so many others, I wanted to find the Holy Grail, the "way to trade." After all, from kindergarten, we are conditioned to find the one and only answer; exclusive of all others. I wanted to discover this right way to trade. What's wrong with that? Aren't we trained to find the answer?


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