S2 E36: Trading Mentality and How to Handle Stress When It Comes To Trading.
Description
In today's episode of compounding lifestyle, we discuss a Stock Trading Mentality and how to handle stress when it comes to trading stocks.
- Develop an effective morning routine. Wake up earlier than usual. Working out or meditating early in the morning can help you to approach the market relaxed and calm.
- Never stop learning. A financial market education forms the foundation of any successful trader.
- Always have your losses under control. Develop effective risk management rules.
- Keep a trading journal. Spot common mistakes and fine-tune your trading strategy.
- Observe others. Replicate successful strategies and learn from the mistakes of other traders.
- Control your emotions. Don’t get overly emotionally attached to a trade and practice your trading discipline.
- Remember that the market is neither moral nor immoral – it’s amoral. Losses are nothing personal, and even professional traders take a hit from the market from time to time
$ARKX $ASAN $CZR $BBBY$XOM $TSLA $AAL $BNGO $MARA $O $CRWD $FB $AAPL $FCEL $MGM $GOOGL $SYY $SHOP $MTCH $DIS $PDD $ $TWTR $AMZN $EBET $PLTR $TGT $ENZC $GM $ABNB $UBER $PTON $PENN $DDD $U BTC Eth, XLM
Control the Cash balance today and position yourself accordingly. Let's GO!!!!!
Research Links:
www.Finviz.com
www.Nasdaq.com
Learn more about options:
https://tinyurl.com/Compounding-Lifestyle
Music-Footprints-Playglenthomas
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DISCLAIMER: These Podcasts are for educational purposes only. Nothing in this podcast should be construed as financial advice or a recommendation to buy or sell any sort of security or investment. Consult with a professional financial advisor before making any financial decisions. Do your research and due diligence.
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