Cultivating The Trader’s Mindset

The trader’s mindset is truly remarkable.

It doesn’t come naturally.

You can work diligently and consistently to develop the trader’s mindset for yourself.

You may think you’re making progress.

trader's mindset

It grows little by little.

But you can never really be sure you’re succeeding.

That’s because it’s so fragile. For most of us, it involves a delicate balance.

Mastery vs. Self-Deception

You may think you’ve got it figured out. You may think you’ve mastered it at last.

And then you confront a situation in the market that takes you by surprise.

You find yourself reacting emotionally. You’re wildly out of control.

And the trader’s mindset has just gone out the window.

The Trader’s Mindset Requires Discipline

Keeping your head straight for trading demands regular daily attention.

If you want to keep your smile, you brush and floss every day.

When you want a career as a professional concert musician, you spend hours daily practicing your instrument.

If you want to be successful with profitable trading, you give constant attention to cultivating the trader’s mindset.

It’s Often Counter-Intuitive

In many cases, the appropriate trader’s mindset doesn’t match our normal responses and our expected behavior.

That can take some getting used to.

For example, it’s much more important for us to focus on how much we’re willing to lose than on how much we might win. That goes against the grain for most of us.

But if we can maintain that mindset discipline, we’re much more likely to have profitable experiences in the markets.

But if you can learn to think in terms of probabilities and risk assessment, you’ll soon be on your way toward the mindset you need.

Not The Only Requirement

The right mindset is not the only thing you need, of course.

You have to pay attention to all the parts of the Trading Triad.

Trading Triad

That’s the meta-program we apply to trading mastery.

It’s especially important in effective astro-trading.

There are key requirements for each of the three components in the triad.

What You Need To Trade Successfully

If you want to trade successfully, it’s essential to have access to market data. Examining the regular flow of data helps you understand prevailing market trends.

You also need to know how to trade. That includes the simple mechanics of placing trades. It can also include knowledge of analytical tools and position strategies.

But connecting with the markets and spotting good trade set-ups isn’t enough.

You also have to understand yourself as a trader.

You need to tune in to your own reactions to movements in the markets.

You need to be aware of your emotional responses – not only to challenges and trading losses, but also to your successful trades.

In short, you have to develop the trader’s mindset.

That’s one of the reasons we’ve included an extensive session on the trader’s mindset in our new online training program, the Astro-Trading Intensive.

With the Astro-Trading Intensive, you’ll get better insights into yourself and your own trading behavior.

That can make a huge difference in your results!

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