In today’s post, I’m going to talk about the single most important thing you need in your life if you want to be successful, in and out of the market.
While a statistically tested strategy and an efficient money management technique are essential, the right mindset is what glues everything together.
It’s a common thing to be frequently annoyed by the market— let’s be honest, it can irritate the hell out of us! But what can we do about that? Well, often the best practice is an internal shift rather than trying to change anything from the outside.
A few years ago, I read a fascinating article about U.S soldiers who had been on multiple deployments to Iraq. What was special about those soldiers is that they got to a point where they could predict with amazing accuracy whether or not there was a bomb on the streets waiting to explode.
Trading is a tough game. It’s inherently simple but, for psychological reasons, it is very hard. You wouldn’t get paid the big bucks if it was easy.
Today, I want to share a video by AK from the Youtube channel Fallible. AK took inspiration from an article I wrote a while ago about FOMO in trading and made a video that is both entertaining and actionable. A must watch.