Trading mentality

FTMO Trader Scouting
Hey there!

When I'm trading and things aren't going great, I try to stay cool. Remember, every trader has ups and downs. What really matters is how you handle those rough spots.

For me, I take a step back and look at the big picture. Not every trade will be a winner, and that's okay. I try to learn from it, adjust my strategy if needed, and move on.

Remember, trading is like a roller coaster. It can be a wild ride sometimes, but staying calm and sticking to your plan can help you get through it. So hang in there, learn from the downs, and celebrate the ups. Happy trading!
 
Traders With Edge said:
Hey there!

When I'm trading and things aren't going great, I try to stay cool. Remember, every trader has ups and downs. What really matters is how you handle those rough spots.

For me, I take a step back and look at the big picture. Not every trade will be a winner, and that's okay. I try to learn from it, adjust my strategy if needed, and move on.

Remember, trading is like a roller coaster. It can be a wild ride sometimes, but staying calm and sticking to your plan can help you get through it. So hang in there, learn from the downs, and celebrate the ups. Happy trading!
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Traders With Edge said:
learn from the downs, and celebrate the ups
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I genuinely enjoyed reading your words. Thank you for the advise. Another question that I'd like to hear another trader idea about it: How you doing with being patient? are you patient?
 
I am ambitious, so I definitely lack patience. My biggest problem is FOMO. But with practice, with mistakes, with punishments, you will slowly learn that what you did was wrong, and that you deviated from your plan, and you will stop doing it.
 
Traders With Edge said:
I am ambitious, so I definitely lack patience. My biggest problem is FOMO. But with practice, with mistakes, with punishments, you will slowly learn that what you did was wrong, and that you deviated from your plan, and you will stop doing it.
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Well, of course we'll learn but I want to learn and not being taught by life XD
 
Haha, it's a long journey, do not expect to be consistently profitable in 2 years. Everything you need to learn and know is on the internet; you just need to open your eyes and ears and listen to them.
The first thing you need to do is accept the fact that trading is not a get rich quick scheme, it's a marathon, not a sprint.
Second, accept the fact that we know nothing about trading and are willing to learn.
Third, do not target any specific time to be successful; enjoy the process.
The 4 Stages of Trader Development
Identify yourself at which stage you are right now.
 
I am mentally ill in my real life it makes it worst while not in a winning position
Nothing to lose haha just my luck! Well, at least I've got nothing to lose, right? Haha, what a riot
 
Traders With Edge said:
Hey there!

When I'm trading and things aren't going great, I try to stay cool. Remember, every trader has ups and downs. What really matters is how you handle those rough spots.

For me, I take a step back and look at the big picture. Not every trade will be a winner, and that's okay. I try to learn from it, adjust my strategy if needed, and move on.

Remember, trading is like a roller coaster. It can be a wild ride sometimes, but staying calm and sticking to your plan can help you get through it. So hang in there, learn from the downs, and celebrate the ups. Happy trading!
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How would you manage your feelings to remain calm? Come on you are losing money :(
just kidding.
Absolutely you are right.
we should control ourselves and chill out
 
OscarR said:
I am mentally ill in my real life it makes it worst while not in a winning position
Nothing to lose haha just my luck! Well, at least I've got nothing to lose, right? Haha, what a riot
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You're what? mentally ill? what are you talking about mate?
 
The point is that you must not rush the process.
You will get to a stage where you got desperate, but you need to keep going.
Then you will reach the stage that you do not care about trading like you used to, but you have to keep grinding.
And one day you will reach consistency.
But remember, do not switch strategies, use proper risk and money management, reasonable profit target, do not target 30% a month, 5% a month as long as you are consistent is more than enough, you can trade with many prop firms to access almost unlimited of capital.
If you can manage $3 million of capital, 5% from it is already $150,000 per month, consistently.
 
Ethan.ishere said:
Well, of course we'll learn but I want to learn and not being taught by risk management is essential in order to deal with loses. A shorter term strategy with smaller stop loses and take profits will limit drawdown lowering anxiety. There are lots of different strategies that will work. Our job is to identify one and a high edge strategy with low draw downs is ideal
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Traders With Edge said:
The point is that you must not rush the process.
You will get to a stage where you got desperate, but you need to keep going.
Then you will reach the stage that you do not care about trading like you used to, but you have to keep grinding.
And one day you will reach consistency.
But remember, do not switch strategies, use proper risk and money management, reasonable profit target, do not target 30% a month, 5% a month as long as you are consistent is more than enough, you can trade with many prop firms to access almost unlimited of capital.
If you can manage $3 million of capital, 5% from it is already $150,000 per month, consistently.
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Is it really $150,000 per month, consistently?
 
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