A Trader’s Mindset Daily Thoughts

“Risk comes from not knowing what you are doing.” Warren Buffet

Defining your risk essential when trading, however, make sure not to mix Risk with Emotions when executing a trade.

If you are going to find an edge, set a risk limit however you follow through with emotions such as procrastination or selling out too early then you will never be consistent & sooner or later you will end up giving up on your set plan and act on next trade with impulsivity.

It's crucial to act without emotions with a clear mindset and that is the only way to coup with the market and avoid emotional disappointments.

Planning a trade is worthless if you execute with emotions.

Risk comes when you don’t trust your plan, once Plan & Risk is defined to execute the plan with conviction.

The above was food for thought.

I hope you found this article helpful to stay tuned for more.

Yours truly,

A trader’s mindset