Traders Mastermind

Trading quotes from great traders aren't just something to smile and nod at! A great succinct quote should make you stop, think and consider how you can implement that wisdom into your own trading. Here are a few I think are valuable.

It's good to read books about great traders and market wizards. But sometimes studying traders who are just a few steps ahead of you can have more impact. Here's what I've observed whilst watching newly profitable traders turn the corner.

Intuition or feel is the glue that hold together strategy, risk management, and discipline. But can you learn it?

What's your £1,000,000 trade? One bullet, £100k, 10R... what trade would you take?

"You are the average of the 5 people you spend the most time with" goes the saying. So how do you create a powerful trading team?

How confident are you when you take a trade? How certain are you to pull the trigger? How decisive are you in taking a stop?

Trading can feel a bit out of control, and that's ok. It's never going to be perfect, control what you can and be at peace with the rest.

Are you persistent, or are you what Albert Einstein would call insane?!

Are you adapting your trading, or is that just a nice way of saying you are breaking your rules?!

As a trader should you specialise in one market or trade many? www.tradersmastermind.com

Anticipating vs reacting. Think of how many sports where players seemingly 'know' where the ball will be. They aren't reacting to the ball, they are anticipating and making minor adjustments. Trading is a lot like this, reacting to market moves will forever have you chasing your tail. Anticipating, allows you to structure a trade idea, execute calmly and build confidence.

Why the emotion vs decision speed line is so important as a trader.

Happy New Year. What are you pushing to achieve in 2022?

https://www.tradersmastermind.com/ "Surround yourself with those on the same mission as you"

Finding that perfect flow state is key to successful trading. But that's not always easy to achieve. So perhaps the first step is just to relax a bit, even just 10% more relaxed. Drop the shoulders and take a breath. Relax into the trade and let the intuition flourish.

Trading tests you when you least expect it. But it's often disguised as a meaningless decision and goes unnoticed. Spot the test. Pass the test.

Do you have a space to go to with no noise, no distractions and just somewhere you can think? Find one! Because it will help your trading massively... https://www.tradersmastermind.com/

As traders we can fall into the trap of driving our trading business by looking down the bonnet (hood for my American friends!) This might stop you from crashing, but are you really going to get to where to want to go if you don't look up?

Can you copy other traders or do you need to create your own edge?

Weaponise your word. Doing what you say you are going to do can be a superpower in both trading and life...

Does your trading style really fit your personality? If not, change it. Find something that plays to your character strengths.

Aligning yourself with market conditions is one of the most essential skills for a trader. I run through some of the key questions to ask before you place your first trade of the day. Download your checklist [PDF] https://www.tradersmastermind.com/pre-market-checklist/

Don't enter into negotiations with your trading chimp. Simply refuse! Take control and YOU dictate the terms. There's nothing to discuss, it's getting done...

Working on both your trading mindset and trading strategy in parallel is the key to quick growth.

Trading can be frustrating. Stops, partial fills, targets missed...& so much more! Look at frustration through the lens of growth. How you choose to respond to trading frustration is the test...