The Third M- Mind
I’ve always believed that in trading, Method is 10%, Money (position sizing and money management) is 30% and Mind is 60%.
Yep – Mind is the most important.
"Why??? Isn’t finding a money-making strategy the priority?"
You see. I can teach you the best strategy in the world, but if you don’t have the skill to manage your emotions, you’re gonna sabotage your profits by making irrational decisions.
And that’s why the best strategies always “work for others but not for me”.
I’ve always emphasised that profitable trading is a long-term game.
Do you become greedy when you’re on a winning streak? Do you fall into panic when you lose many trades in a row?
Successful traders understand that the overall outcome of their trading journey will not unfold linearly.
There will be losing and winning streaks, but they know it’ll all “even out” eventually and they stick to their trading plan no matter what. Today, I’ll show you how to achieve this.
In this lesson, you’ll learn how to:
- Identify the emotions that bug losing traders and how you can axe them from your routine.
- Model the habits of top-performing traders to improve your trading.
- Become a consistently profitable trader