Traders Mindset: Be in the Top 10% Who Make Money
By Dale Gillham
General Advice Disclaimer
You acknowledge that the information provided by Wealth Within is intended for general use only and does not take into account your investment objectives, financial situation or advisory needs, nor does the information provided constitute investment advice. For this reason, any individual should consider the appropriateness of the information, having regards to the individual's objectives, financial or taxation situation and needs before acting on this information, and, if necessary, seek appropriate professional advice. In addition, it is important to understand that the risk of investing in the stock market is that you could lose some or all of your money. For more information please refer to our Terms and Conditions.
A trader’s mindset or a trader’s psychology, as it is otherwise known, is one of the most critical elements to success in trading the stock market. Unfortunately, when making trading decisions, most traders experience indecision before placing a trade in the stock market while others feel buyer’s remorse after they purchase a stock for fear of losing money.
All too often, we hear about people trading the stock market without a proper trading strategy or with trading rules when deciding what stocks to buy and sell. But this only increases your risk in the stock market because trading is 80% psychology and 20% technical analysis. In fact, the higher the risk you take, the more critical it is to have proper trading strategy to ensure your success.
While making trading decisions to buy or sell stocks may seem hard, in tonight’s show, Dale and Janine will share some simple tips to support you in managing your trading psychology when you do decide to pull the trigger to ensure you have a winning trader’s mindset.
