I would like to invite you to ‘Trader Mindset.’
Trader Mindset is a set of 1 on 1 sessions where we focus 80% of our attention on mindset and 20% on the practical elements required in trading and markets.
I have interviewed hundreds of traders. What I see in need of improvement in all of us is a focus on the psychological aspect involved in markets. We spend a lot of our energy on developing strategies instead of taking the time to understand what we can do to really improve our discipline and ability to remain calm.
Trader Mindset sessions are not lectures by any means but a way to help mold a path forward for you.
Here are some of the aspects we will follow and the philosophies we will adopt:
Objective trading vs. subjective trading
Subjectivity is clearly the way we perceive something; whether it be correct or incorrect is of little importance. Objectivity is when we observe something without being influenced by a particular viewpoint.
In Trader Mindset, we will concentrate on how we can stay objective during trading.
Probabilities
Probabilities are when we consider the chances of one thing happening over another. We know certain patterns create a particular outcome that’s more likely to repeat than not in the future, and so we can take advantage of that when we take our trades.
How to make trading easy
Trading and investing should be easy. The best traders never try too hard. In the trader mindset sessions, we will discuss how one can become less invested so that the profits can come easily.
Why your expectations on the outcome are the reason things don’t work out
Expectations of winning and fear of loss are among the main reasons traders fail. You should never feel discomfort or stress when you open a position. If you do, it means you don’t have a plan you can trust and that you are trying too hard. Markets are counterintuitive in that way. The harder we try, generally, the worse we perform. Imagine being in a position where you take a trade, not really worrying about the outcome because you trust your plan and ability and are entirely accepting if it doesn’t work out? What do you think your performance would be then?
Developing an actual plan and something that you can trust
Most traders don’t have plans. The main reason traders don’t have plans or deviate vastly from them comes down to discipline. They lack the discipline to follow through on what they have set out, which mainly comes from a lack of trust in the plan itself. The trader who understands himself, his schedule, and his trading style preference will develop a plan that he can trust. This removes many emotional disturbances traders feel. In Trader Mindset we will look at these various aspects and start building a plan you can trust.
How to make the choice that successful trading is what you actually want
Most traders don’t know what they want financial markets to provide them with. They will always say things like, I want to make more money so I can quit my job. But what they don’t realize is that money should never be the goal. It is only a tool for something else. We will look deeply at how we can set goals in trader mindset and then learn how to release the importance of the outcome.
Vital exercises to improve your trading ability and decision making
One of the most exciting elements of the trader mindset classes is going to be the exercises. These include different ways to analyze yourself and hold yourself accountable. One method of looking back over your day is analyzing how you felt when you traded and what you did right and wrong. Did you follow your plan? Were you emotional? I will show you how this can have a drastic effect on your performance if done with a strong intention of improving.
We plan on rolling our Trader Mindset in the coming weeks and if it’s something you would like to be a part of, add me on discord Jay-OUP#6138 or email me at jay.g@oneuptrader.com to book your first session free.
