Mental Analysis

Leave The Gambler’s Mindset

“It’s hard to walk away from a winning streak, even harder to leave the table when you’re on a losing one.”

― Cara Bertoia, Cruise Quarters – a Novel About Casinos and Cruise Ships

It’s not that you’ve got a piece of bad luck. The problem is your mindset. It’s of a gambler.

You lose not because your analysis is terrible or you don’t understand the trading principles. The problem is that you trade for fun.

You forget that it’s easy to lose money than to make it. Whatever you do without risk management is nothing but speculation that often fails because you start gambling in the market.

It’s about the mindset. The gambler in you doesn’t let you create rules to navigate your trade. You take random works based on ideas and fail fast to lose money.

Without proper planning and effective execution, becoming a consistently successful trader is impossible.

To become a consistent winner, you must start thinking like a professional trader instead of a gambler.

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