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What is Trading Mindset

Become a Consistently Profitable Trader – The Success Formula

Become a Consistently Profitable Trader - The Success Formula

The Master Formula For Achieving Consistent Trading Profits/Success: Most people who pursue trading can only tolerate the learning/training process for a short, fixed period of time. They go through a 3-hour technical analysis course and expect enormous profits like clockwork – as if that knowledge will automatically equate to success. But basic information/knowledge barely scratches the surface of what’s required to become a consistently profitable trader. Certain core trading concepts and frameworks are extremely strong/dependable/evergreen,…

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There Are No “Naturals” – Great Traders Aren’t Born, They’re Made

There are No Naturals - Great Traders Aren't Born, They're Made

Our Natural-Programming Makes Us All Bad Traders at the Beginning: As humans, our brains are naturally wired in certain ways in order to protect us. When we encounter a physical threat (like a tiger running at us), for example, we go into fight-or-flight mode. Both our minds and bodies immediately prepare for survival. When we enter this state, adrenaline kicks into overdrive, our perceived options decrease (all we can do is fight, flight, or freeze),…

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Values and Principles to Live By as a Trader – What’s Your Mission?

Values and Principles to Live By as a Trader - What's Your Mission?

Values Are Your Priorities – Principles Are the Rules You Choose to Live By: Values and principles are essentially what you stand for. They’re the rules and priorities that you’ve generated in your mind – consciously or not – that guide every decision you make. So take some time to truly consider what you want yours to be. Most people who enter the markets try to hide behind guru alerts, newsletters, and all sorts of…

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What is a Trading Mindset Journal – Why You Truly Need One

What is a Trading Mindset Journal - Why You Truly Need One

A Trade Log is Not the Same as a Mindset Journal – Numbers Aren’t Enough: When it comes to tracking trade data, most people only think about the figures and statistics – things like entry prices, exit prices, stop losses, profit targets, risk-reward ratios, percentage of winning/losing trades, gains, losses, etc. It’s all about the numbers. And while these numbers/analytics can be extremely helpful, they’re missing a core piece to the puzzle – what’s going…

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Failure is Only Feedback – Use Losses and Mistakes to Grow

Failure is Only Feedback - Use Losses and Mistakes to Grow

Losses and Mistakes Are Just Learning Opportunities For Growth and Development: As a new trader, you are going to lose often, be wrong a lot, and make numerous mistakes. That’s just how it goes. But if you cultivate the right perspective on these losses, weaknesses, and mistakes – then these “negatives” can be turned into “positives”. You have one of two choices. Your losses, shortcomings, and missteps can be used as excuses to give up…

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Transform Yourself Into the Trader You Want to Be in 3 Steps

Transform Yourself Into the Trader You Want to Be in 3 Steps

We’re Hardwired to Think, Feel, and Act in Alignment With Our Identity: Becoming a consistently profitable trader requires that you become a new version of yourself – there’s no way around it. But due to your current conditioning/programming, change can be difficult. When patterns of thinking, feeling, and acting have gone unchanged and repeated for years, they’re not so easy to break – even when you desperately know that change would be beneficial. Creating a…

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The Market is a Mirror – Your Experience is a Reflection of You

The Market is a Mirror - Your Experience is a Reflection of You

The Mirror Concept in Trading – There’s No Cheating Cause and Effect: The market is a mirror – meaning your overall experience within it reflects exactly who you are. Your individual results are a manifestation of your thoughts, beliefs, perceptions, values, attributes, and emotions – which all ultimately lead to your behaviors. This means that you can’t hide from yourself as a trader – there’s no cheating cause and effect. The market will undeniably expose every…

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What is the “Fantasy Gap” in Trading – A Major Disconnect

What is the Fantasy Gap in Trading - A Major Disconnect

The Trading “Fantasy Gap” – A Common Phenomenon Amongst New Traders: The trading “fantasy gap” is a common phenomenon amongst new, inexperienced traders characterized by a major disconnect between the desire for rewards (money/profits) and the desire to actually put the time, hard work, and sacrifice into achieving that result. To put it simply – most people who choose to pursue trading want the rewards but not the work. They think there’s some sort of…

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4 Market Characteristics You Must Align With For Success

4 Market Characteristics You Must Align With For Success

Develop a Mental Framework That Harmonizes With Market Characteristics: When it comes to trading, I reference “effective mindset/psychology” quite a bit. So I often get asked questions like: What do you mean by a paradigm shift? Can you explain in detail the mental framework required for long-lasting, sustainable trading success? These are incredible questions. But they can’t be comprehensively answered in a short sentence or two. There are certainly some major overarching components that we’ll cover in…

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Why is Day Trading So Stressful – Learn How to Overcome it

Why is Day Trading So Stressful - Learn How to Overcome it

Why is Day Trading So Stressful? Because Your Approach is Overloaded With Fear: The simple answer to why day trading is so stressful is that there’s something about the activity that you fear. And when I say “something” – I actually mean many things. Because in reality, you probably have an abundance of fears. Rarely is it ever just one. The most common fear amongst traders is the fear of losing money – that’s a…

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Day Trading vs. Gambling – Is Day Trading Gambling?

Day Trading vs. Gambling - Is Day Trading Gambling

Is Day Trading the Same as Gambling – What Are the Similarities and Differences? “Is day trading gambling?” is a popular question. But it’s not one that can be answered appropriately with a simple yes or no answer. Gambling – by the general definition – is the activity of playing a game of chance for money or other stakes – a definition that certainly fits trading as well. But there’s often a negative connotation of…

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How to Get Started Trading With the Right Expectations

How to Get Started Trading With the Right Expectations

The Importance of Proper Expectation-Setting When You Get Started Trading: There’s no doubt that most traders get involved in the markets with the wrong expectations. They view trading as some sort of easy cash-grab or get-rich-quick opportunity – and essentially just use the markets as a platform to gamble (for thrills and excitement). But if you actually want to achieve a consistent and sustainable level of trading success, then random and impulsive trading isn’t going…

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Top 20 Trading Paradigm Tweets of 2021 – @MattThomasTP

Trading Paradigm Twitter Account - Top Tweets of 2021

Best Trading Paradigm (@MattThomasTP) Tweets From February to December 2021: When I created the @MattThomasTP Twitter handle back in February – I wasn’t entirely sure what to expect. But my main intention for the account was simple – to share the best possible insights into the topic of trading mindset/psychology that I could. I certainly don’t consider myself a guru on the subject – and there are plenty of traders and trading psychology coaches that…

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What is the Secret in Trading – Proper Market Perspective

What is the Secret in Trading Success - Proper Market Perspective

What is the Secret in Trading – Cultivate the Proper Perspective on How Markets Work: Most people think that their individual trading success is at the mercy of rigid odds. Since over 90% of traders fail, you might think you have virtually no shot at succeeding. But the overall success rate is low in any skill-based, peak-performance endeavor. In my opinion, the trickiest part about trading is that the markets are open to almost anyone….

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What is the Best Trading Psychology Course Available Online?

What is the Best Trading Psychology Course Available Online

What is Trading Psychology and What is the Best Trading Psychology Course? Every single human being is naturally wired to be a terrible trader – that’s an undeniable fact. Sure, people vary in personality and have different levels of patience, organization, objectivity, and overall mental balance. But everybody, no matter their background or accomplishments, has natural defensive mechanisms that lead to irrational behaviors. When you boil it down, trading is simple. It’s just a statistical…

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