I have to thank u for more than one year, u teach me HOW I should make
a good trading mindset, never ever I see one leader like u, u honestly learn us How to be a positive people before be a professional trader.
If you do this you will surely get passed up by trader who had smaller accounts but who had
a better trading mindset and who understood the importance of trading with consistency.
Not exact matches
[01:10] Introduction [02:45] James welcomes Tony to the podcast [03:35] Tony's leap year birthday [04:15] Unshakeable delivers the specific facts you need to know [04:45] What James learned from Unshakeable [05:25] Most people panic when the stock market drops [05:45] Getting rid of your fear of investing [06:15] Last January was the worst opening, but it was a correction [06:45] You are losing money when you sell on corrections [06:55] Bear markets come every 5 years on average [07:10] The greatest opportunity for a millennial [07:40] Waiting for corrections to invest [08:05] Warren Buffet's advice for investors [08:55] If you miss the top 10
trading days a year... [09:25] Three different investor scenarios over a 20 year period [10:40] The
best trading days come after the worst [11:45] Investing in the current world [12:05] What Clinton and Bush think of the current situation [12:45] The office is far bigger than the occupant [13:35] Information helps reduce fear [14:25] James's story of the billionaire upset over another's wealth [14:45] What money really is [15:05] The story of Adolphe Merkle [16:05] The story of Chuck Feeney [16:55] The importance of the right
mindset [17:15] What fuels Tony [19:15] Find something you care about more than yourself [20:25] Make your mission to surround yourself with the right people [21:25] Suffering made Tony hungry for more [23:25] By feeding his mind, Tony found strength [24:15] Great ideas don't interrupt you, you have to pursue them [25:05] Never - ending hunger is what matters [25:25] Richard Branson is the epitome of hunger and drive [25:40] Hunger is the common denominator [26:30] What you can do starting right now [26:55] Success leaves clues [28:10] What it means to take massive action [28:30] Taking action commits you to following through [29:40] If you do nothing you'll learn nothing [30:20] There must be an emotional purpose behind what you're doing [30:40] How does Tony ignite creativity in his own life [32:00] «How is not as important as «why» [32:40] What and why unleash the psyche [33:25] Breaking the habit of focusing on «how» [35:50] Deep Practice [35:10] Your desired outcome will determine your action [36:00] The difference between «what» and «why» [37:00] Learning how to chunk and group [37:40] Don't mistake movement for achievement [38:30] Tony doesn't negotiate with his mind [39:30] Change your thoughts and change your biochemistry [40:00] The bad habit of being stressed [40:40] Beautiful and suffering states [41:50] The most important decision is to live in a beautiful state no matter what [42:40] Consciously decide to take yourself out of suffering [43:40] Focus on appreciation, joy and love [44:30] Step out of suffering and find the solution [45:00] Dealing with mercury poisoning [45:40] Tony's process for stepping out of suffering [46:10] Stop identifying with thoughts — they aren't yours [47:40]
Trade your expectations for appreciation [50:00] The key to life — gratitude [51:40] What is freedom for you?
When we approach
trading from this
mindset of being OK with losing, we put ourselves in the
best position to win, as ironic as that may sound to you.
Getting your money management down is heavily dependent on having the proper
trading mindset, as
well as having a firm understanding of what money management actually means.
Team Pacforex, the
best forex
trading platform providers compiled a list of songs in the form of an infographic that can bring the
best positive energy out in a trader and give him vigor for the
best mindset in
trading.
All mobile
trading apps really do is cause traders to look more closely at the intra-day price movement as
well as influence a frantic
trading mindset of feeling like you «always need to be in the market», and so I feel, especially for beginning and struggling traders, mobile
trading is something to be avoided if you want to increase the probabilities of making consistent money in the market.
The
best way to get started in
trading with an emotion - free
mindset is to only use 100 % disposable capital.
If you can implement these three things with discipline and consistency; simple
trading strategy (price action analysis), money management and realistic
trading expectations, you will be
well on your way to developing the proper
trading mindset and as a result, consistent
trading success.
It doesn't matter how much money you have, it doesn't matter how
good of a technical analyst you are, and it doesn't matter how much you «think» you know about
trading, if you don't have the right
mindset, you will never make money in the market.
If you don't have a Forex
trading plan that details all of your actions in the market as
well as your overall
trading approach and strategy, you will be far more likely to operate emotionally and from a gambling
mindset.
You must be willing to put in the time and effort into developing your
trading mindset, as
well as your
trading strategies.
It's essential to move away from the results - oriented
mindset because it can destroy a trader's account; not all winning
trades are
good and not all losers are necessarily bad and believing that will be very dangerous for your
trading account.
I have dedicated myself to ensuring that traders learn effective price action
trading strategies and develop the proper
mindset to have the
best chance at surviving in the market and become successful.
If you are bold enough to be honest with yourself about this and find that you do have a problem, please try to follow the above points at least for one month and see if your
trading,
mindset, and general physical state of
well - being don't improve.
Sure, it's great to have a nice
trading office and a
good atmosphere will help you maintain the right
trading mindset, but don't go blow thousands of dollars on computers and monitors or
trading software before you actually know what you are doing in the markets and are seeing consistent results.
The point is that a
good trader, who has truly mastered price action
trading strategies, as
well as their emotions and overall
trading mindset, will
trade a $ 1,000,000 account with the same skill that they would a $ 1,000 account.
The real rules for
trading success boil down to having a
well thought out robust
trading plan, risk management and a proper
mindset.
I think though my approach of not using stop losses is most suited for experienced traders, and
better still, those with an investment
mindset as opposed to those who want their
trading account to be the source of their monthly income.