3 Tips to Improve Your Trading Mindset

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3 Tips To Improve Your Trading Mindset
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Index

• Improve Your Trading
• 3 Tips To Improve Your Trading Mindset
• 1. Be Present
• 2. Cool Your Mind
• 3. Know Your Limitations

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Improve Your Trading

• In trading, the mentality is one of the essential
  elements for success.
• Without the right mindset and enough emotional
  capital, it just becomes impossible to succeed at
  this game.

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• Its a good reason that you often see former top
  professionals, special forces soldiers, and other
  the high performers becoming some the most
  successful traders and fund managers in the
  world.
• In this PPT, we will cover three particular
  things that you can do to step up the mental game
  and boost the trading performance.

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3 Tips To Improve Your Trading Mindset
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1. Be Present

• Being present and having our minds on what we are
  doing at the moment is becoming increasingly
  difficult in these insane times we are living in.
  
• Most of us are probably struggling with the
  information overload.

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• Bombarded with good advice and analysis, it
  becomes challenging to filter out the good stuff
  from all the nonsense out there.
• As professionals, we must make an effort to stay
  focused on what we are doing.

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• When you are not placing trades, review your past
  trades in a systematic way and with a critical
  view, and write trading plans for new set-ups
  that are unfolding.
• Avoid killing time by randomly looking through
  charts on the computer.

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• It quickly leads to overtrading and losses and is
  the amateurs approach to forex trading.

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2. Cool Your Mind

• The most importantly they have an amazing ability
  to quickly revert to a calm state of mind after
  having intense experiences.
• As a trader, the same is also very important for
  us.
• Although we are not risking our life in the way a
  soldier doing, we are risking our own earned
  money, which also matters.

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• Professional traders have many different
  techniques for regaining their focus after
  intense experiences like for example a huge loss.
  
• What most of them have in common, however, is
  that they get away from screens for a while.

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• Some of them choose to take the rest of the day
  off after having a bad experience.
• These experienced traders know that the cost of
  them going away, even for a week-long holiday, is
  lower than the risk of making more mistakes in
  the markets.

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3. Know Your Limitations

• A high degree of self-awareness is another
  essential trait that many professional traders
  have in common.
• It is often said in the markets that trading is
  one of the best ways to learn more about our
  personality, although it might become an
  expensive lesson for those not suited for trading.

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• However, knowing the strengths and weaknesses
  applies as much to a traders methodology and
  strategy as it does to his personality.
• You need to know what situations your trading
  strategy performs well, and when it does not play
  well.

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• By knowing strengths and weaknesses, you can
  learn to take advantage of it to the level where
  you become the expert trader you can be!

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Thank You