Calm Trader: Win in the Stock Market without Losing Your Mind

Ego-Replace your need to be right about specific trades with the desire to make money. Hope-Replace the hope that a losing trade will recover with a well-planned stop loss. Stress-Reduce stress by choosing to have small losses fast instead of big, slow losses.

10 things that a trader has to overcome to stay calm and be profitable. Impulsiveness-Replace impulsiveness with proven rules that filter emotions into the correct actions. Impatience-Replace market noise and emotions with quantified entries and exits based on signals. Anger-Replace animosity towards the market with respect for price action and emo

Traders that are emotionally calm and approach trading as a business, have better odds of profitability than the thrill seekers and gamblers that come to the market. 1/3 of trading is based on logic, and 2/3 is based on emotions. Your trading system is the needed logic that filters the market’s price action. Your trading plan is your anchor.

Conclusion I would tell that trader to think of each trade as one of the next one thousand he’s going to make. If you start thinking in terms of the next one thousand trades, all of a sudden you’ve made any single trade seem very inconsequential. Who cares if a particular trade is a winner or a loser? It’s just another trade. – Tom Basso

Anytime you find yourself feeling lost or unsure of why you are doing what you’re doing, make a list of the 50 things that make you happy. Put a date on it and save it. Your answers will change every time you do the exercise, and you may find interesting patterns or simple truths that will lead you to a new, happier place. As a trader, your goal is

As you develop as a trader, your #1 goal should be happiness. The easiest way to be happy in the markets is to be profitable. But even when you lose money, you need to accept that it’s just part of the game, and start looking forward to your next chance to win.

You need to understand where you are in your trading journey. Don’t try to speed up your learning curve. The market will still be there when you’re ready to trade real money, trade for a living, or trade with a bigger account size. Stay with the level that makes you happy and advance to the next stage when you’re ready to grow. Trying to trade befo

Trading is your opportunity to outsmart, out trade, and out last other market participants. If you are committed to trading the right way, you may find trading to be the best job that you ever have. It’s flexible, with traders working both part-time and full-time in the field. Trading can be done either full time as a living, part time as a passion

Remember that this is not referring to position sizing, it’s referring to your stop loss being hit. If you are trading with $50,000, then 1% is $500 of your trading capital. If you are trading a $50 priced stock and the key chart support is at $48, you can trade 250 shares and stopping out at $48 would be a $500 loss, or 1% of total trading capital