Wisdom of Mark Douglas. Learn to trade without the slightest bit of fear.
Joined June 2021
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The Complete Trading Psychology Masterclass by Mark Douglas
(5 hours course)
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ALT Traders who have learned to think in probabilities approach the markets from virtually the same perspective. At the micro level, they believe that each trade or edge is unique. What they understand about the nature of trading is that at any given moment, the market may look exactly the same on a chart as it did at some previous moment; and the geometric measurements and mathematical calculations used to determine each edge can be exactly the same from one edge to the next; but the actual consistency of the market itself from one moment to the next is never the same.
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Mark Douglas Quotes || Trading Psychology retweeted
The more negatively you think of yourself, the greater your tendency to avoid taking responsibility, so you can avoid the pain of your harsh thoughts, thus generating a fear of making mistakes.
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The more self-accepting you are, the easier it is to learn because you are not trying to avoid certain information.
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The greater the degree of self-acceptance you have for yourself, the more positive your thoughts will be and the greater the degree of insight you will be able to extract from an experience, instead of generating fear.
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Mark Douglas Quotes || Trading Psychology retweeted
Taking responsibility is a function of self-acceptance. You can measure this degree of self-acceptance by how positively or negatively you think of yourself when you make what you perceive as a mistake.
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Mark Douglas Quotes || Trading Psychology retweeted
Getting organized and creating structure is one obvious solution to the many psychological problems the typical trader heaps on himself.
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If you can't define your own behavior and that of the markets, you can't learn how to repeat your wins or prevent your losses.
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In an unlimited environment, the less structure you create for yourself, the less accountable you are, the more easily you will be swept along by the force of events, and the less control you seem to have over your life.
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Getting organized and creating structure is one obvious solution to the many psychological problems the typical trader heaps on himself.
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Mark Douglas Quotes || Trading Psychology retweeted
Your plan either works or it doesn't; you either have the ability to execute your plan or you don't.
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When there is no leadership in the market, the prices usually drift back and forth in a small range until someone who knows what he is doing comes into the market.
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Your plan either works or it doesn't; you either have the ability to execute your plan or you don't.
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Your trading strategy is good enough.
Your account size isn't.
Maven fixes that.
$13 to get funded.
80% profit is yours.
maventrading.com?ref=n2ezmtm
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Mark Douglas Quotes || Trading Psychology retweeted
The only way to learn how to trade effectively is to make oneself accountable by creating structure; but, with accountability comes responsibility.
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In any case, it is your plan and your ability to follow it and, therefore, it is difficult to shift responsibility and lay the blame somewhere else if things don't work out.
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Mark Douglas Quotes || Trading Psychology retweeted
Without these rules one of the most likely possibilities is that you will create devastating losses for yourself.
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The only way to learn how to trade effectively is to make oneself accountable by creating structure; but, with accountability comes responsibility.
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The best traders in the world don't risk their own money.
They use other people's capital.
Maven gives you that access — from $13.
maventrading.com?ref=n2ezmtm
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