95% of my own trading mistakes are based on uncontrolled emotions! In almost 100% of all cases I violated my own rules. Properly recognizing and reacting to your own emotions is important for trading success.
Something I'm working on now is frivolous trades. I started making myself fill out a form before entering any trades on margin. It's a simple form. Some are boredom trades; Some are "well this would be a nice scalp to add to today's profit (or loss)". If I take the time just to answer a couple questions it's usually time enough for me to tell myself "NO".
No emotional discipline = No success in trading. Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you. "Don’t get too confident over your wins or too despondent over your losses" ~Jesse Livermore
SUCCESS IS NOT FINAL;FAILURE IS NOT FATAL :IT IS THE COURAGE TO CONTINUE THAT COUNTS. BUSINESS OPPORTUNITIES ARE LIKE BUSES, THERE’S ALWAYS ANOTHER ONE COMING
I think the pandemic has taught people the importance of multiple stream of income, unfortunately having a job doesn't mean financial freedom or security
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
Great Video, I actually had big loss yesterday. 1. Got Greedy - my fault 2. Did not walk away after losing what I won. 3. Lost some of it 4. Revenger trading. 5. Lost way more. 6. bad day =( What I learned 1. Making even a little money for the day is better than nothing and way better than losing. 2. Follow my plan/strategy at all times. Once I deviate from that I start losing. 3. Things don't result as expected even if I applied my plan that has worked out before. 4. Walk away when the plan/strategy says so either as a winner or a loser. 5, There is always another trading day.
My top trading rules are manage my risk, plan my trade and trade my plan, always have a stop loss, never revenge trade, losing is part of the game, and above all, have the discipline to trust my analysis. Ever since I started following these strict rules, I found that my trading have improved drastically.
i had incurred huge losses and then made up a comeback plan with reskilling and learning better and also building a trading plan to be followed with discipline. I had written down a set of rules to be followed and also a DO NOT DO list, Most of it is mentioned here in your videos and it is like a revisit or revision of my points and understanding. Good content and keep up the good work. It is motivating for me to follow the disciplined path to recovery, trade by trade, day by day and week after week.
I really needed this...I'm positive 90% of the viewers here are probably here for the same reason I am...and I know that with this video 95+% of us are going back with a stronger mindset...thanks so much for your content...you just earned a subscriber🤗
I started trading since June this year and I just realized that TRADING PSYCHOLOGY is very much important than TECHNICAL ANALYSIS. So after series of loses I decided to research more on psychology and this is the best trading psychology content in this space. Thanks for this valuable information. I hope every newbie out there like me and other traders learn and improve from this. 🙏
Trading can turn on a dime, superior fundamentals and technical action, and buying at the right time, are all part of the process to succeeding in the stock market
Avoid over trading Avoid Revenge trading Put the stoploss while enter Trade Position size of the trade How to Control the emotions These are the most important points in trading psychology Thank you
This man is like an audible book..he speak like a book...im trying to find a single mistake of all that he says ..but i cant find one..all in this 10minute video will save u tens of thousand dollars or more..awesome.
My biggest problem is the emotion which I cannot control, so I must work on it. You are right, emotional trade only brings destruction. Now, I am trying to cool my head before any decision.
Thanks for sharing your knowledge, I am in a 50%+ loss and that’s exactly how I see. It’s just a learning experience. We don’t get teach’ed the market ways at school, often times we just have to figure out ourselves and we just have to keep pushing!
What I learnt don't hurry for trade 🙄 You entered for trade Target hit better, else at reversal exit at enter price,because if you traded on direction and it didn't reached the target better exit at enter price and after 1 hour find another Trade till mind settle for another Trade Golden Rule 1) Keep minimum Target don't try to be rich in single day Rule 2 follow rule 1 ❤️
Psychology is a much larger component in trading than people would like to admit and is actually more important to get a handle on than "technical analysis." The basics of trading can be taught to a 3rd grader. Of course it's important to make sure that you continue to hone the technical analysis side of trading but trading psychology and risk management are what make a trader successful. Thank you for this upload!
Maybe not use an actual Stop loss order but have a stop loss written down that you MUST obey. Reason being because market makers can see your stop losses and will try to squeeze you out of your positions.
Skipping trades with the fear of losing or not trusting my self, is my biggest step to overcome. I followed the the day trades this week in my head, while watching the charts and they performed extremely well. I need to overcome this problem ASAP
Same with me I’m usually right on my technical analysis & TP but don’t get into the trade “just in case” then I missed the whole move but I guess I’m just testing my skills which is not a bad idea
You are by far the absolute best trading channel on you tube. There is no competitor. Please never stop educating the ones that listen. My utmost gratitude for all your content and effort in sharing your knowledge and insight. Not only do you educate, but also empower and inspire. Namaste my friend 🙏
@@grantgreat9903 that's true everyone should start putting efforts on trading in a comfortable platform cause I could remember when Tesla stock was just $597.95 and still growing!!!
Trade with the trend - don't be reedy - only enter when your indicator align based on market structure - look highter TF than the one you trade. This can already eliminate lot of loss
Psychology in this game its the first lesson you have to learn as i read many book in trading the first few page the teach us the psychology and dont trade by your feeling 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Very very good at a mechanical level. However, a glass wall separates the mechanical from the intuitive. When you succeed in penetrating this glass wall to the purely intuitive side, then trading becomes a thing of beauty.
95% of my trading mistakes was because of trading psychology and lack of managing my emotions on both a losing streak and a winning streak and minimising loses knowing what current state of mind i have when executing my trade am i nervous?Why am i nervous is it because I'm risking too much? Or entered at a bad position? Once i identified those pyschological issues and designed a trading plan to give me a safety net whether i was in drawdown or profits was a game changer like an 'aha' moment pyschology is soooo underrated because that will either make of break your trading career most people who quit never come to realise this it's a marathon not a sprint.
Amazing !!! I have made my order size lower after watching your Video !! I have been getting amazing results !!! Lot of love and respect for you from Bangladesh !!!!!
I have a high winning rate but hang on to losing losses which kills my profit. I'm new to trading and my biggest issue is cutting losses quickly..so annoying!!!
“If you lose your nerve before you hit the bottom”, Tyler says, “you’ll never really succeed”. Only after disaster can we be rescurected. “Its only after you lost everything”, Tyler says, “that your free to do anything”. What I’m feeling is premature enlightenment. I ask am I anywhere near hitting bottom? “Where your at now”, Tyler says, “you can’t imagine what the bottom will be like” - FIGHT CLUB (Novel)
There is something strange that logic can not explain which im trying to understand. I have been learning to trade over 3 years so i know quite a bit so far. About a month ago i traded live with £500 account and my stategy iv narrowed it down to scalping the market. I was able to look at charts and my intuition would tell me the direction and entry area. 90% of time i was correct. I could just open a chart and see opportunities and i would execute my trade with great confidence. I grew my account to £3000 in around a month. With very very little or any draw down. Never had any over night trades and trades only lasted 30 mins or so. I encountered few small losses. Then tried to trade the lossses back which led me in a cycle to blowing the account in over 2 days. I took a rest for few days and thought id start again. But this time i just cant see any setups, my intuitive sense is gone. Any trade i try now just does not work. Its as if i have become blind to seeing any trades. Its got me thinking that there is something in my mindset that needs addressing or some kind of block. I just cant put my finger on it
Started trading stocks with 5500ish. ran it up to $9,987 I was really lucky a lot of times Ig lmao. thought I was the shit, now back to $6k 2 months later 😂 definitely humbled but on the path to learn how to properly trade
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
► Join TSM Academy: thesecretmindset.podia.com/academy
► FREE TradingView Pro with BlackBull Markets: go.blackbull.com/visit/?bta=35247&brand=blackbull
95% of my own trading mistakes are based on uncontrolled emotions! In almost 100% of all cases I violated my own rules. Properly recognizing and reacting to your own emotions is important for trading success.
Something I'm working on now is frivolous trades. I started making myself fill out a form before entering any trades on margin. It's a simple form. Some are boredom trades; Some are "well this would be a nice scalp to add to today's profit (or loss)". If I take the time just to answer a couple questions it's usually time enough for me to tell myself "NO".
No emotional discipline = No success in trading. Emotional control is the most essential factor in playing the market. Never lose control of your emotions when the market moves against you.
"Don’t get too confident over your wins or too despondent over your losses"
~Jesse Livermore
We have to watch our subconscious mind very carefully before taking any decision in trading.
She has helped me : @ownurtime
On telegrm*👆
SUCCESS IS NOT FINAL;FAILURE IS NOT FATAL :IT IS THE COURAGE TO CONTINUE THAT COUNTS. BUSINESS OPPORTUNITIES ARE LIKE BUSES, THERE’S ALWAYS ANOTHER ONE COMING
I think the pandemic has taught people the importance of multiple stream of income, unfortunately having a job doesn't mean financial freedom or security
To manage investment risk, consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal.
I've been in the shadows for long now I want to know how to invest. who would you endorse
Vivian Klaine Morgan
With the consistent weekly profits I'm getting investing with Vivian Klaine Morgan there's no doubt, she is the most reliable in the market.
Great Video, I actually had big loss yesterday.
1. Got Greedy - my fault
2. Did not walk away after losing what I won.
3. Lost some of it
4. Revenger trading.
5. Lost way more.
6. bad day =(
What I learned
1. Making even a little money for the day is better than nothing and way better than losing.
2. Follow my plan/strategy at all times. Once I deviate from that I start losing.
3. Things don't result as expected even if I applied my plan that has worked out before.
4. Walk away when the plan/strategy says so either as a winner or a loser.
5, There is always another trading day.
100% true!
The Secret Mindset thanks for all your videos, I love learning from them 🙂
All we need is inspired video to keep moving
Awsme comment sir
Hey how's it going @@vegitoblue4390
My top trading rules are manage my risk, plan my trade and trade my plan, always have a stop loss, never revenge trade, losing is part of the game, and above all, have the discipline to trust my analysis. Ever since I started following these strict rules, I found that my trading have improved drastically.
i had incurred huge losses and then made up a comeback plan with reskilling and learning better and also building a trading plan to be followed with discipline. I had written down a set of rules to be followed and also a DO NOT DO list, Most of it is mentioned here in your videos and it is like a revisit or revision of my points and understanding. Good content and keep up the good work. It is motivating for me to follow the disciplined path to recovery, trade by trade, day by day and week after week.
AAa
!q
A
great Boss ..
Actually trading is 85 percentage phycology and 15 percentage analysis
For me 90% psychology!
50% mindset, 40% risk management, 10% strategy
thank you for this video I had a very big loss yesterday. this gave me more motivation to learn from my mistake and get back stronger
You got this!
Goodluck✊🏻
You only lose when you sell... so unless your coin is off the market then jus hold it the price will come back up
@@dubai_fitness i dont hold overnight positions i am mostly day trading.
But thanks for the advice 👍
@@tdexotiic5459 but after a BIG loss id hold
I really needed this...I'm positive 90% of the viewers here are probably here for the same reason I am...and I know that with this video 95+% of us are going back with a stronger mindset...thanks so much for your content...you just earned a subscriber🤗
You got this!👍👍
I started trading since June this year and I just realized that TRADING PSYCHOLOGY is very much important than TECHNICAL ANALYSIS. So after series of loses I decided to research more on psychology and this is the best trading psychology content in this space. Thanks for this valuable information. I hope every newbie out there like me and other traders learn and improve from this. 🙏
👍 Very true. And thanks a lot!
Read a book called Trading in the zone
Trading can turn on a dime, superior fundamentals and technical action, and buying at the right time, are all part of the process to succeeding in the stock market
Avoid over trading
Avoid Revenge trading
Put the stoploss while enter Trade
Position size of the trade
How to Control the emotions
These are the most important points in trading psychology
Thank you
This man is like an audible book..he speak like a book...im trying to find a single mistake of all that he says ..but i cant find one..all in this 10minute video will save u tens of thousand dollars or more..awesome.
Thanks a ton!
Thanks!
Thanks a lot for your support! 👍
I'm so good in trading but ... I lacked the knowledge to control my emotions... This video is a mind opener... ❤️❤️
👍 You got this!
Step 8 : Trading journal.
Wonderful advice video
My biggest problem is the emotion which I cannot control, so I must work on it. You are right, emotional trade only brings destruction. Now, I am trying to cool my head before any decision.
👍👍
Best thing about ""stop loss"" than no one says that you said thank you
Thanks for sharing your knowledge, I am in a 50%+ loss and that’s exactly how I see. It’s just a learning experience. We don’t get teach’ed the market ways at school, often times we just have to figure out ourselves and we just have to keep pushing!
I see why this video doesn't have viewers. This video is what the 90% of losing traders should watch 👌🏽
I agree. Most of the traders are looking for shortcuts and quick fixes. This video is awesome!
What I learnt don't hurry for trade 🙄
You entered for trade Target hit better, else at reversal exit at enter price,because if you traded on direction and it didn't reached the target better exit at enter price and after 1 hour find another Trade till mind settle for another Trade
Golden Rule
1) Keep minimum Target don't try to be rich in single day
Rule 2 follow rule 1 ❤️
It's all about trade like an ant they are slow but sure to gain
All I needed for this week and my prop firm challenge
I need to replay over and over, thanks for this
Any time!
I just blew my account out and...
I really needed to hear this.
I made every mistake on this this list.
Thank you so much for this video
You got this!
@@vaibhavvvvv same man... don't give up :)
I blowed 4k
Psychology is a much larger component in trading than people would like to admit and is actually more important to get a handle on than "technical analysis." The basics of trading can be taught to a 3rd grader. Of course it's important to make sure that you continue to hone the technical analysis side of trading but trading psychology and risk management are what make a trader successful. Thank you for this upload!
👍
"Think of a stop-loss as an insurance policy: you hope you never have to use it, but it's good to know you have the protection should you need it."
@The Engineer Trader Interesting. Will check your channel soon.
Kinda like a licensed concealed carry firearm
@@seanbaker2577 haha true. I like your analogy
Maybe not use an actual Stop loss order but have a stop loss written down that you MUST obey. Reason being because market makers can see your stop losses and will try to squeeze you out of your positions.
@@moreowe8889 I totally agree.
Accept it and don’t find excuses for the failure and you will win for sure
👍
Skipping trades with the fear of losing or not trusting my self, is my biggest step to overcome. I followed the the day trades this week in my head, while watching the charts and they performed extremely well. I need to overcome this problem ASAP
Hey Buddy I'm facing same problem.
How did you overcome that?
@@priyanshu_chk just trust your analysis, place the trade and walk away
@@dotez5702 Trying but need to work on it.
I'm having limited capital so having little fear of losing it so it's going wrong.
Same with me I’m usually right on my technical analysis & TP but don’t get into the trade “just in case” then I missed the whole move but I guess I’m just testing my skills which is not a bad idea
@@fxempress444 I think observing 2-3 days and enter will work.
If it moves before that avoid that opportunity.
Needed to hear this thank you
You are by far the absolute best trading channel on you tube. There is no competitor. Please never stop educating the ones that listen. My utmost gratitude for all your content and effort in sharing your knowledge and insight. Not only do you educate, but also empower and inspire. Namaste my friend 🙏
More to come! Thanks a lot!
Perfect vid they makes beginners to become trading demons👾
👍
Finally I found someone I can understand clearly.
Helping me alot.. Thanks...
👍
Amazing video, I really needed to watch this!!
Glad it was helpful!👍
Love the psychology here and especially the last rule. Trust the process and be in the present!
👍
Thank you. Finally someone came with realistic and honest video, not like those stupid indicator or strategies.
► Join TSM Academy: thesecretmindset.podia.com/academy
► FREE TradingView Pro with BlackBull Markets: go.blackbullmarkets.com/visit/?bta=35247&brand=blackbull
the best video I've seen on mastering trading.
👍
Stock market has been weird and proven difficult to invest in?
Yeah! But watching the growth of stocks now and it's financial assets in few year's, everyone should start investing pronto
@@grantgreat9903 that's true everyone should start putting efforts on trading in a comfortable platform cause I could remember when Tesla stock was just $597.95 and still growing!!!
Well, I have been looking to start, recently watching self tutorial videos on RUclips. Can you share some tips to start investing for a newbie
That's a great idea ✨
@Jamestown Kevin Can you recommend me a professional I can work with to make a progressive investment...!
THANKYOU SO MUCH FOR THIS CHANNEL
I really needed this.. thank you!
Glad it was helpful!
Awesome presentation, looks beautiful and professional. Thanks a million times
👍
Trade with the trend - don't be reedy - only enter when your indicator align based on market structure - look highter TF than the one you trade. This can already eliminate lot of loss
👍
The best way is to forget all about money, perfect your strategy and set ups and the money comes automatically
👍 Agree
Thank you for this.
Any time
Broooo im playing this everyday before i head and trade in the market. Thanks for this brother! Makes me more focus and have a clear play
👍👍
super.................valuable information🙏
This is very true. Discipline and our mindset when trading is EVERYTHING!!!
The best video I never see before, God bless you and your family
You are so kind👍
Hats of to your teaching and presenting method. Truly the best.
Thanks a ton👍
SIR,I am really happy and feel good after watching your fruitful video...Very Well said all 7 Rule.
Thank you for making this, it's what I needed to hear.
Excellent. Thanks
#taking responsibility... Learn from mistakes, losses are costs of doing business.
👍
Psychology in this game its the first lesson you have to learn as i read many book in trading the first few page the teach us the psychology and dont trade by your feeling 🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
Well said!
Very informative! Thank you so much.
Glad it was helpful!👍
From today i am a more disciplined and profitable trader bse of this video.Thanks God bless u.
👍👍
@@TheSecretMindset 😊 Thanks
Thanks for the Video
As a crypto trader, this is very effective and i will make some video about trading psychology
Very very good at a mechanical level. However, a glass wall separates the mechanical from the intuitive. When you succeed in penetrating this glass wall to the purely intuitive side, then trading becomes a thing of beauty.
Very helpful video.👍👍👌
Big thanks. Please can you add the chapters for this video like you did on other videos thanks!!
No 3 is the most important thing in trade..
95% of my trading mistakes was because of trading psychology and lack of managing my emotions on both a losing streak and a winning streak and minimising loses knowing what current state of mind i have when executing my trade am i nervous?Why am i nervous is it because I'm risking too much? Or entered at a bad position? Once i identified those pyschological issues and designed a trading plan to give me a safety net whether i was in drawdown or profits was a game changer like an 'aha' moment pyschology is soooo underrated because that will either make of break your trading career most people who quit never come to realise this it's a marathon not a sprint.
Awesome....Much Awaited Video....Thanks for uploading My Friend Mario..... You are a blessing to retail investors....🥂
This channel is great. Thanks for your content
Glad you enjoy it!
Amazing !!! I have made my order size lower after watching your Video !! I have been getting amazing results !!! Lot of love and respect for you from Bangladesh !!!!!
Wonderful!👍
Could you mention some books to read on the topic discussed by you in this video.
Trading in the zone & The disciplined trader
Thank you very much! Very helpful!
Glad it helped!👍
Excellent video!
Smart one there
YOU ARE BEST !
YOU are!
I have a high winning rate but hang on to losing losses which kills my profit. I'm new to trading and my biggest issue is cutting losses quickly..so annoying!!!
👍 I know this feeling!
A1 AND SMOOTH THANKS BRO NOTES TAKEN
👍
So much trading wisdom in one video!
Glad to hear it!
Well explained about psychology of traders....
Thanks for the making worthwhile.
👍
7:32
Clear mind important when trade..
Process and strategy before profits.
I'm learning about trading platform or candlestick pattern every day, I'm from Manila Philippines
👍👍
this video help lot for me, thanks for sharing your knowledge. May God Bless You Always
So nice of you👍
Fantastic advice!!
Glad it was helpful!👍
THANKS BRO THESE VIDEO HELP ME ALOT LOVE YOU FROM INDIA
👍
Thank you very much ❤👍
Always welcome👍
One of the best videos on trading phychology. Thank you.
“If you lose your nerve before you hit the bottom”, Tyler says, “you’ll never really succeed”. Only after disaster can we be rescurected. “Its only after you lost everything”, Tyler says, “that your free to do anything”. What I’m feeling is premature enlightenment. I ask am I anywhere near hitting bottom? “Where your at now”, Tyler says, “you can’t imagine what the bottom will be like” - FIGHT CLUB (Novel)
👍
Onpoint, thanks 🙂👍🏻
👍👍
Thanking a lot for this amazing video. This helps a lot.
👍
I am doing your 5th point. Its working Great man
👍
Excellent 👍👍👍
Excelent bro
This is helpful and may be the most important video I need to help with managing risk and to stop holding on to losses
👍
THANKYOU.
Best channel on RUclips for trading....🤑
Excellent video
Voy a disfrutar el proceso
There is something strange that logic can not explain which im trying to understand.
I have been learning to trade over 3 years so i know quite a bit so far. About a month ago i traded live with £500 account and my stategy iv narrowed it down to scalping the market. I was able to look at charts and my intuition would tell me the direction and entry area. 90% of time i was correct. I could just open a chart and see opportunities and i would execute my trade with great confidence. I grew my account to £3000 in around a month. With very very little or any draw down. Never had any over night trades and trades only lasted 30 mins or so.
I encountered few small losses. Then tried to trade the lossses back which led me in a cycle to blowing the account in over 2 days.
I took a rest for few days and thought id start again. But this time i just cant see any setups, my intuitive sense is gone. Any trade i try now just does not work.
Its as if i have become blind to seeing any trades.
Its got me thinking that there is something in my mindset that needs addressing or some kind of block.
I just cant put my finger on it
thank you for this video. the video just hit everything right into every trader's mind
Great to hear!
Started trading stocks with 5500ish. ran it up to $9,987 I was really lucky a lot of times Ig lmao. thought I was the shit, now back to $6k 2 months later 😂 definitely humbled but on the path to learn how to properly trade
Thanks for this video mate...learning never the end
Glad to help
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time.
all you need to do is get linked up with a well experienced broker that will tutor, guide and lecture you on forex trading to your understanding.
Thats awesome, this is what traders need to improve their trading skills