Trader’s Mindset
Two men looked out from prison bars, one saw the mud, the other saw stars.” Dale Carnegie
Most traders when seeing a downtrend market typically Panic, sell, worry in the meantime they typically forget to divert their thinking to start spotting the opportunities being offered to them.
The keyword is “Mindset”
I’m pretty sure that you have heard of the saying “A negative mind will never give you a positive life” and that is so true.
Once you start parading in distress your mindset will automatically start eliminating and blinding you from spotting any opportunity that is available right in front of you.
Now on the contrary to the above, staying positive does not mean go gamble and start buying any dip.
What is means understanding the fundamentals of the markets and how it operates. Then assessing how you can benefit.
Managing an edge that works for you with a market pullback is a key, always focus on the market leader feel key support points if it has been reached on a weak day, combined with setting a risk can be a successful strategy
The above was food for thought
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Yours Truly,
