Lesson 3 your mental state

Trading is hard okay. You need to understand that before you dive into it. It’s very f**king hard and you need to be able to cope with it. If you can then start another business. You also need to be able to accept that you WILL LOSE money because you can’t have a 100% win rate. It’s not possible. So how will you cope with it?

Only risk 0.5 – 2% on each trade and make sure if you lose then you will be okay with it and it won’t damage you financially.

You need to understand trading is like an investment. You invest your time, focus, and money into a skill which can forever change you and your family’s lives.

From the moment you turn on the charts you need to be emotionless and only make decisions based on logic and data. This is obviously very hard as we as humans are filled with emotions.

Some things that I personally do is if I feel like my trading is influenced on emotion I’ll turn off the charts, do something I enjoy before coming back to them. Also meditation is a great way to calm and focus the mind if that interest you.

Your trading mindset is very personal and dependent on what focus and relaxes you. After you’ve traded reward yourself with something you find happy

Published by Josh

Hi I am an 18 year old day trader who’s trying to help teach and inspire more young entrepreneurs who wish to leave their 9-5 and escape the matrix Other socials here 👇 https://linktr.ee/j0sh.0

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