Have you ever experienced hitting a big winning trade or a series of successful trades, only to lose all your profits—and perhaps even more—shortly afterward? Continue reading to uncover why traders often give back their profits and learn how to stop this cycle for good. The Psychology Behind Giving Back Profits While there are likely several reasons you keep losing your … [Read more...] about Why Traders Lose Profits After Winning Streaks
Beware of the Trading Pandora’s Box
In Greek mythology, Pandora’s "box" was actually a large jar given to Pandora, the first woman on Earth. It contained all the evils of the world. When Pandora opened the jar, these evils escaped, leaving only "hope" inside once she managed to close it again. In the trading world, the phrase “open Pandora’s box” means taking an action that seems small or innocent but ends up … [Read more...] about Beware of the Trading Pandora’s Box
To Earn Big in Trading, Prioritize Mastery Over Money
While trading is undoubtedly about making money, the dream is to achieve financial success, live our chosen lifestyle, and enjoy the freedom that trading brings. Nearly everyone enters trading with the ambition to improve their financial situation and lifestyle. These aspirations are entirely valid and achievable if you dedicate yourself to studying, honing your skills, and … [Read more...] about To Earn Big in Trading, Prioritize Mastery Over Money
3 Mindset Shifts to Transform Your Trading
Do you aspire to be a consistently profitable trader? The first step is to cultivate a successful mind-set. Without it, achieving consistent success in trading is impossible. This article delves into the real-world mental strategies that professional traders use to excel not only in trading but also in life. We will explore specific thought processes and mental routines that … [Read more...] about 3 Mindset Shifts to Transform Your Trading
Rise to the Top 5% of Traders by Taking Actions the Bottom 95% Won’t
Most people lack the mental readiness to do what is necessary, consistently, to achieve wealth. This principle applies equally to trading. The majority of traders end up losing, much like most people remain in the middle to lower economic classes. The reasons behind this are strikingly similar. Excluding unfair variables like being born in an economically depressed region or … [Read more...] about Rise to the Top 5% of Traders by Taking Actions the Bottom 95% Won’t