Creating a winning mindset

To extract money from the market years after years you need a good setup and winning mindset. Challenge for many traders is to have a sustained winning mindset when market often frustrates you.

Winning mindset comes from having confidence in your own market understanding and setup . Winning mindset also comes from your track record of creating new setup ideas as market changes or your own understanding of market increases.

How can a struggling trader develop winning mindset before he or she gives up. Lot of it to do with finding success and shortening your learning curves. Building your trading approach around commonly used and proven setups by other successful traders is one of the better approach to do this.

I would recommend any new trader or struggling trader to build your approach around momentum. Momentum has been the most persistent tendency of stock. By focusing on momentum you are focusing on stocks being favored by the market at current moment.

The other important contributor to developing winning mindset is the nature of your belief systems and how firmly they are held. Beliefs drive behaviour and if we have right beliefs then right behaviour is an outcome of that belief.

Beliefs about how market works or how traders make money largely determine your trading behaviour.

Let us say if you hold a deep belief that "biggest winning stocks have good earnings and sales" , that belief would lead you to scan for stocks with those characters and trade them. Now because of this belief you will eliminate stocks that might be bigger winners than stocks with "best earnings and sales".

Unless you change your belief you will find it difficult to trade many profitable methods. Many traders have a belief " only way to make money is by holding for long term". That belief dictates their behaviour and it closes them to look at alternative reality of swing trading .

There are many such belief traps when it comes to entries , exits , where to put stops and where to exit. Sum total of those beliefs determine your trading . If you are struggling to make money currently it is the fault of some of those deeply held beliefs and not necessarily markets.

But it is easy to fix that problem. With few mindset shifts, better setups, strategies, and process you can get the trading results you are hoping for.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

404

Recent Articles