Mastering Trading Psychology And The Best Loser Wins

I am going to talk about how to really master your trading psychology and all the things that can lead to self sabotage, over trading and revenge trading and blown accounts. If you can master this and master your mind, you are one step closer to becoming a successful trader.

Disclaimer:

I am NOT a financial advisor and any information in this video or on this channel is NOT in any way financial advice. This video expresses my personal opinions only. Information in this video is simply for entertainment and educational purposes only. Trading financial markets involves risk, and is not suitable for all investors. I am not responsible for any losses incurred due to your trading or anything else. We do not recommend any specific trade or action nor do we guarantee anyone can achieve a specific result.

Risk Disclosure:

Futures, the foreign exchange (forex), and crypto trading contain substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. no representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

[Wisdomisfreedom_]

• Trading must be a secondly in your life.
• You must be a patient trader
o Just don’t care, don’t care about the money.
• How do you feel if you loss that trade before you take an trade.
• Don’t get Greedy
• Risk management is key not your strategy or win rate.
• Trading doesn’t have to happen in all the same session.
• Limiting yourself for the resets of the day can help reset your emotion for the next day.
• Know how to manage a loss
o Become best losses wins the most.
o Expect a loss
• Knowing when to set back and start a new day

[SoftTrades]

1. Simplify your strategy, 3. Pick a pair u can relate with on all levels(crude oil for me) 3. Master and focus More on your emotions. This was it for me and ever since(6 months now ) I have passed three challenges and on my way to 60k funded as I buy new challenges from time to time as a scale up since then. The thing is, any strategy works, but only one kind of mindset works.

[cristobalvega]

I've been in a funded challenge for almost a month now, first stage and this video hits me hard! Manage emotions are one of the HARDEST components in trading. I'm still learning and following my strategy on point, but there are some days that is very difficult. Thank you for share your experiencies!

[christopherk]

As long as your strategy has a positive expectancy over the long term, a trader's focus should be on more critical matters like discipline, psychology and risk mgmt. Looking for holy grail is just a bloody waste of time, money

[adagundurolateefdharryor]

Mastering my emotions is my greatest challenge, i can tell you my strategy rate is above 50% but one bad loss will get me all walked up and blowing my account, i find it hard controlling myself 😭

[beeskate]

Man that obsession point is crazy ! I thunk you're right. It does have to be an obsession at first... but i feel like once i started to relax and not be so trading crazy, i took emotions out and began to win. Granted its taken me 3yrs and having the trust in my strategy

[steveedelen]

Man that was a great speech man. Thanks. Exactly what I needed to hear after 2 1, 000 dollar red days back to back…. You helped me realize I need to take a break because I am severely triggered and in revenge mode. You’re right… how will I feel if I do it again tomorrow? Not good. Last week was my best week ever in 4 years of trading so turning red this week felt horrible. Oh well back at it once I’m centered. Time to take break. Thanks so much for the video. Going to save it.

[aquariusthompson]

Can tell everything you are advising didnt just come from a book but also your experience. Thank you for making this content...will definitely add this to my playlist and visit this weekly to help me out for the trade week. I truly Appreciate this talk.

[trickyd]

Sound advice, I struggle with the losing aspect all the time. After listening to you I am going to reset my mindset and slow down.

[MrBretHatch]

Thank you I've tried buying dips bottoms but over trading has put me back on demo not understanding how on demo I was patient getting massive trades but on live emotions went out of control over trading... trying to get bigger picture setting myself up for profit regardless which way it goes... confused how I was profitable on demo before now trying to figure myself out hope I'm profitable live account eventually have to figure this out

[DM-hlmi]

oh my god, I need to listen to this video every day to remind myself about the trading psychology. Thanks Tim!

[bill.Latham]

Great video, I think the reason losing is so hard in trading is the way in which society looks at losing as children we are told a loser never quits. Growing up with that mind set is okay outside of trading, but in trading that will hurt the trader, and their account. It took me years to overcome losing, and how I did it was if I had a losing trade and follow my rules to the letter and still lost I can deal with that; because I trust my stragety, but if I had a losing trade and made a mistake by not focusing, FOMO, or going against the rules that will brother me to no end so my key was just follow the process. Thank You

[joeshoebridge]

This is the best trading video I've ever seen. I've been battling emotions when I lose for 3 years. The problem is people only post their winners so you get this false notion that everyone is winning every trade. I'm really going to try some of your tips to just accept my loss and walk away.

[Lufkindaytrading]

That’s the cold hard truth. Even if you’re trying to make trading your primary source of income, treat it secondary.. It’s seems “counterintuitive” yet is quqitosemtual .

[otaiko]

I can go 3 weeks without a loss, then the 1 loss I have will cause me to spiral and lose all the work from 3 weeks because of revenge trading. I need to learn how to manage that but I still don’t know how.
I needed this video thank you

[jbsprayy]

Im emotionless in trading and pretty much everything else in life. It does not help me in trading. I could lose $15k and it would just be another day for me. I am not rich and $15k would benefit me very much but in my mind the money is already lost so oh well.

[KEVINSMITH-ceux]

Needed to see this. I was up 14.3k on the day but bc of my greed, i pushed it down to 11.5k. Still amazing, but i knew wI fucked up forcing trades. Thanks for the video

[spooky]

Excellent video! Its so spot on it's not even funny. Thanks for the great content.

[jon]

The Best Loser Wins - a good book to read on this..
You’ve covered the most important aspect of trading 👍
Sports psychology books are a useful read as well

[NigelPetersen]

What a great short and insightful video to master your emotions in trading. Awesome and thanks for sharing.