Trading Psychology and Money Management Blueprint – Simpler Trading
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John Carter and Danielle Shay provide two psychology sessions to help you get your psyche in order.
Learn how John Carter learned the skill of not allowing his emotions to get the best of him in the markets.
The serenity that enabled him to complete his million-dollar TSLA deal. Discover how Danielle Shay overcame the psychological component of trading, or, as she refers to it, how she tamed her trade monster.
During Danielle’s psychotherapy session – – Learn to detect when your trading monster emerges and takes control. In the sake of fear and/or greed, it takes over and robs you of your approach, discipline, and company structure.
– Understand the warning signs that your trading monster is out of control, as well as why it is vital to remember that we are not in control of the market.
– Discover how to view every transaction, good and bad, as a learning experience, and why you won’t be a great trader until you do.
– How to prevent blowing up your trading account.
– The ways of self-inflicted trading agony, as well as the importance of technical analysis and approach in avoiding trading pain. You may, for example, grab gains too quickly. Did you know your Fibonacci numbers?
– Danielle’s worst offenders: when they happened, how they happened, how she recovered from them, and how she’s preventing them from happening again.
During John’s therapy session – – Learn why and how psychology and money management are inextricably linked.
– How the media, news, and social media sites influence your mentality, and how this influences your trade (and not for the better).
– Why failing to address the psychological side of trading will always result in disappointing outcomes.
– Why a 40% victory percentage is considerably more spectacular than a 99% win ratio, and how someone with a 40% win ratio may make a million dollars every year.
– John’s favorite expression, “feeding the ducks,” is explained in depth, as well as why it’s not about how much you can make, but how much you can lose (and other thoughts on speculation).
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