Lesson 3: The trading experience that you need to be Aware of

Lesson 3:
The trading experience that you need to be Aware of

1:Refusing to Define a loss

2:Getting locked into opinion or belief about the Market direction. From a psychological perspective that is equivalent to trying to control the market with your expectation of what it will do.
"I'm Right the market is Wrong"

3: focusing on the Monetary value of a trade , instead of the potential for the market to move based on behaviour and structure.

4:Revenge-trading as if you were trying get back at the market for what it took away from you.

5: Not following the rules of the trading System.

6: plan in for a move, or watching one coming, but finding yourself immobilised to hit the button. There denying yourself the opportunity to profit.

7: Not establishing a consistent pattern of trading success over a period of time. Then giving the market back your profits in one or two trades starting the cycle over again.

Skills to be acquired

1:learning the dynamics of goal achievement

2 learni this to recognise the skills you need to progress as a trader then stay focused on the development o those skills instead o the money. Which is merely a by product

3:Learning have to adapt yourself to respond to fundamental changes in the Market

4:Identify your risk manangmdent the how to expand it in a way that is consistent with your ability to reach that goal objective

5:Learn how to execute a trade immediately upon your perception of an opportunity

6:Important!!! Learning how to let the market tell you how much is enough instead of assessing the potential from personal view

7:Learning how to recognise true intuitive Information and how to respond to it consistently