Have you ever looked at a trader and thought, ”How can he trade like that and I can't?”--don't feel alone in this. Every beginner trader will experience this once in his lifetime and that's where the real change happens for them. When you watch others making profits, when you see others getting a clean setup for longs/shorts, it makes you think your strategy isn't the right one and you need a better strategy ,indicators or even trade signals to succeed .
But all this isn't the truth , I will tell you a little secret that nobody tells the beginners:
Successful traders are the ones who control themselves – it's not about predicting the market's next move.
All new beginner traders think they need a better strategy , a better indicator , or a mentor who will provide them with 100% results . Being successful is a mindset , it's about how you can stay calm in situations which are not going like you planned yet staying disciplined.
This is where they differ.
Beginner Traders Are Controlled by Emotions– Successful Traders Conquer Their Emotions.
Emotions take out the beginner trader even before they can react, joy of winning a trade , fear of missing out on an entry , frustration when they lose and jealousy when others win and they can't.
A profitable trader has a plan that he executes even if he feels like breaking the rules– he fights and chooses to stay disciplined.
The plan:
When to enter .
When to exit
Where to place stop loss
When to stop trading
And they stick to the plan even if it kills them.
They know something that beginners take years to learn ,
“Discipline in trading will take you places that skill can't".
Pro Traders Build Discipline–Beginners Force Their Strategy
A beginner can never stick to one strategy ,hoping they will find that one perfect strategy that never loses, even join private groups for signals, even after copying trades and watching hundreds of videos online they cannot stay consistent on their profits.
While, a successful trader will sit there doing nothing else but following his same old boring setup and making consistent profits for a long period of time–this is done by discipline.
They avoid over risking
They avoid revenge trading
They avoid chasing the price
They don't panic
They stay patient and wait for the market to show its real move and then execute their setup
The difference between you and them is they don"t wanna know how much they can make , what they care about and how little they can lose.
This change in mindset can do wonders for them.
Successful Traders learn from their losses–Beginners panic
This is the real game.
When a beginner loses ,he feels demotivated , frustrated and even wants to quit.
Whereas , successful traders smile at their losses thinking “ Finally something new to learn ”.
For them , losing a trade means opportunity:
What went wrong
Was my bias correct
Was my entry correct
Did I risk according to my plan
Did i follow the rules for trading
Was I emotionally Controlled?
A loss is a message, not a wound.
That's where growth hits and you become stronger.
What Do Successful Traders Do that Beginners Don't?
Lets not hide it anymore– the answer to this:
Successful traders don't chase the markets, instead they change the way they think and stay calm ,it's all a mind game.
They are aware of who the real enemies are:
The greed
The envy
The fear
The ego
The doubt
The urgency
The guilt
Once all these are controlled , trading the markets even in extreme conditions can look like a child's play . it becomes calmer and clearer , because the mind is now under control .
Remember This:
If you are losing , failing , or even getting angry at yourself – don't worry you have not lost yet.
You are just going through the phase in which every successful trader became who they are now.
The only difference between the one keeps getting up and the one who turns back is simply:
Beginner traders want to control what they can't like the charts or the price, but to be successful what you need to control is you , the beast in you .
When you are the master of your mind , nobody can stop you from being successful no matter if it's in trading or in life .
