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.

It would be best to remember that losing money is more accessible than making it. Whatever you do without risk management is speculation that often fails because you start gambling in the market.

It’s about the mindset. The gambler in you compels you to trade without analysis. You take random scripts based on fantasies and fail fast to lose money.

With proper planning and effective execution, becoming a consistently successful trader is possible.

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