Mindset of UnSuccessful Traders
1. I need to trade more to make more money.
2. If my strategy give loss, I need to Jump to a new trading system,
3. If I lose on this trade, I feel like a loser. It hurts my EGO
4. If the market is rallying, I need to jump to trade.
5. I am unlucky.
6. I get very upset when I miss a rally, or if I am in a bullish position when the market is declining.
Successful market timers know how to follow a strategy. They know the stock market is not a game and the only way to succeed is with a plan.
As a successful trader, you have to move from a fearful mind set to a psychological state of confidence.
You must use a strategy that builds confidence by keeping losses small and letting profits ride when the markets trend.