A Trader’s Mindset Daily Thoughts

“We grow fearless by walking into our fears.” ~Robin Sharma

Reflecting on the last 2 weeks of trading it becomes more clear how emotions play a major part in trading.

Those who followed the market actively realized how the market sentiment shifted in just 1 week from bullish to bearish and then bullish again on just media headlines.

The subject here is how few red candles on the chart and listening to a few repeated headlines can make you change your prospective.

I asked myself what changed from Friday Dow jones closing -780 points with the bearish sentiment, bears rallying to a collapse of the market to waking up Monday with a green rally on Dow jones with whopping close +580, bulls claiming victory and celebrating the strong economy & market comeback.

The above case put a smile on my face & more than ever affirmed my beliefs on how psychology is the #1 factor in trading.

As I have discussed in the previous articles we don't have to know what’s happens next to make money, all you have to do is follow a plan.

For example, those who followed my twitter feed @ft_trades know on Friday I took a major position on Boeing & Tesla, all I did is follow an edge opportunity and a plan & managed my risk but I had no way of knowing that Monday will be profitable pay day with both picks closing extremely strong. The point I’m trying to make if I had given in to my fears (emotions) and the bearish sentiment then I would have not ceased on the opportunity.

Left my self a small a reminder at the end of the trading day “ Trust the process “ Never trade with emotions.

The above was food for thought.

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

Yours truly,

A trader’s mindset