In How Trading Expectations Affect Trading (Part 2) we look at a review of 100 successful traders with great results. We look at their rules, indicators, and their trading habits and find they’re all different. What does that mean?
Click here or in the video below to watch and find the answer!
What is it that successful traders have in common?
- Their attitude towards trading tends to be similar.
- Their attitude towards uncertainty tends to be similar.
- Their attitude towards losses tends to be similar.
- The principles of how they approach the market tend to be similar.
Successful traders all have an effective method of gauging and acting upon great risk reward probability decisions. They are willing to risk failure to learn from the result and then adjust their process to improve their trading in the future.
If a trader always has an acceptable combination of risk, reward and probability, and continues to trade with the ratios always their favor they WILL MAKE MONEY over the long-term.
The Extended Thought Model is discussed to help bring clarity to a trader’s circumstances, thoughts, emotions, actions, and results. Working through the Extended Thought Model can reveal some very interesting reasons why a trader is not successful.
Trading Performance Podcast episode 51, How Trading Expectations Affect Trading (Part 2) will give you a look into many of the topics we cover each month in our Trading Performance membership.
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