Introduction to Trading Psychology and Mindset
- When it comes to personal transformation, the most important ingredients are your willingness to change, the clarity of your intent, and the strength of your desire.
Have you ever wondered what sets great traders apart from average traders, or worse, failed traders?
Truth is, 95% of retail traders FAIL to become consistently profitable and ultimately quit trading... You may know someone in that category or may have experienced that yourself.
The short answer to unlocking the failure is learning how to manage your emotions and psychology while trading.
It's learning how to control that voice inside of you that causes you to:
Enter too early
Fear Of Missing Out (FOMO)
Blow up your account
And the list goes on...
The best way to manage this is to create an individualized step by step process to follow with respect to your trading. That's certainly easy to say but can be hard to do...
Mental Performance is the art and science of learning to overcome mental barriers that trip you up and building new habits, behaviors, and routines that you need in order to achieve your trading goals and perform at a high level – even when it’s hard.
Here's the truth when it comes to trading the markets:
Anything can happen
You don't need to know what is going to happen next in order to make money
There is a random distribution between wins and losses for any given set of variables that define an edge
An edge is nothing more than an indication of a higher probability of one thing happening over another
Every moment in the market is unique
Pillars of Mental Performance to become a consistently profitable trader include:
Elite Trader's Mindset
Motivation and commitment
Focus and awareness
Self-control and discipline
Process over outcome
Mental imagery and meditation
Routines and habits of excellence
Time management and organization
When it comes to personal transformation, the most important ingredients are your willingness to change, the clarity of your intent, and the strength of your desire.
Who this course is for:
- This course is for new or current traders who would like to learn what it takes to gain the knowledge and confidence to become more consistent and confident with their trading strategies.
Tom Winterstein is the ChartPros founder. He has over 20 years of trading experience and is also a certified mental performance coach. Tom was in MBA school during the 1987 market crash and has weathered the market cycles of the Dot Com era as well as the financial crisis of the 2008-2010 time frame.
Tom has also led and provided eLearning, online training systems, and workforce development solutions to organizations since 1998.
Leverage his experience in your trading!