By Yvan Byeajee
Reaching luck within the markets is not just in regards to the monetary rewards; it truly is approximately ultimately being at peace with who you're. good fortune is a state of mind, effortless to consider, tricky to accomplish for the mere cause that it calls for that we commence considering and behaving another way. the purpose of this brief “book” is to steer you at the route to attaining that good fortune. The truths I proportion with you're meant to encourage, motivate, and lead you in the direction of a cheerful and fulfilled mind set.
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94. The difference between a pro trader and an amateur lies not in their methodology, not in their knowledge, but rather in their ability to follow their set of rules. 95. We, traders, either suffer the pain of discipline or the pain of regret. 96. Your motivation to succeed as a trader must be absolutely compelling in order to overcome the obstacles that will invariably come your way. 97. Nothing is ever wrong. There are no mistakes; no failures. We learn from every step we take. Whatever you did today in the markets was the way it was meant to be.
Discipline in trading means doing what you should do rather than what you want to do. 27. Focus on your losses and you will have more losses. Focus on the opportunities and you will see more opportunities. 28. When you become an observer of your thoughts, feelings, and emotions instead of an actor, you will have control over your actions in the markets. 29. If you spend too much time thinking prior to entering a trade, you will never put it on. And if you do, you will do it at the wrong time. 30.
43. Do not compare your results to others. If you want to see your biggest competition, take a look in the mirror. 44. Durable success in the markets is almost always a function of self-knowledge. 45. Enter every trade without giving mental recognition to the possibility of feeling defeated by losses. 46. Trade often: -- To minimize the impact of any single losing trade -- To build skills and refine your craft 3 -- To make the probabilities work in your favor 47. Keep your size small: -- To reduce the risk of ruin -- To reduce emotional involvement -- To give you the chance to learn from your mistakes without major consequences 48.
200 Short Trading Psychology Truths by Yvan Byeajee