Do not cut profits short and cut losing positions fast.
Once people can turn their mindset from a problem focus to a solution focus, they can identify the adaptive things that they are already doing and do more of them.
You will not become a better trader by emulating a market guru. You will become a better trader by identifying the occasions when you are already trading well and then modeling your future performance on those.
If you are struggling with your trading, thinking of hanging it up, you need to identify your own collage the things you are currently doing that break your problem patterns.
The most helpful part of a fearless trading inventory is the firsthand recognition that, even amidst failure, one does indeed harbor the seed of success.
Entering a facilitative physical state is one of the quickest ways of placing oneself in a winning frame of mind.
Even the solution that seems the smallest can serve as an anchor for life altering change.
-Taking breaks from trading
Trading is especially successful after an extended break. The change of routine allows you to return to trading with a fresh perspective and to perceive patterns that would otherwise not have stood out.
-Immersing oneself in what if scenarios.
Chance favors the informed mind.
-Playing loose
Many successful traders learn to keep loose at the trading station in the same way that boxers or ball players stay loose before and during their contests: with uplifting music, banter with friends, and pregame warmup drills.
-Achieving nonattachment
As soon as you need something, or need something to occur, it gains control over you.
Do a few things well, and perform them often and consistently. Confidence does not result from positive thinking; it results from the ability to face defeat with equanimity and to avoid attachment to market outcomes.
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