Trade Your Live Account Like Your Demo
Learn how to trade your live account like you do your demo. The answer is just a mindset away. If your trading strategy is on your Consistently Successful demo account, what is the difference Then When you go live? Mindset! It all boils down to That in your trading (in my opinion this is true of life in general, But you see the results Immediately in trading – day trading Especially). I really hate to call what we do WITH INDEX futures and binary options, day trading. That is only the negative connotation Because of the term Brings to mind. Stock trading is what MOST people think of When They hear the term day trading. Regardless of what type of trader you are, You Will Have to come to terms With The Fact That depends on YOU Each trade. What frame of mind you are in at the time you place trades Those Will Have a HUGE Impact on How Many of Those trades are successful. Most traders think it all boils down That to the technical and / or fundamental analysis of the markets. This Is Where They spend time and money Their all, But They never get around to working on the mindset. They feel the real key is in becoming a great market analyst. Howeve, the world is FULL of good market analyst (just watch CNBC or Bloomberg for examples) who are not Able to trade. They Did not Have the right too mindset and HAD to take jobs instead. So what is the right mindset for a trader (or day trader)? That Would take volumes of articles to answer. A good start is to read Mark Douglas’ book “Trading In The Zone”. Do not end your mindset training there, But it is a good start. Another Exercise is good for traders to keep diary. Write down what and how You Were You Were thinking as you made your feeling trade. Do this Immediately After the trade so That You Can Be as Accurate as possible. Do this on winning trades and on unsuccessful ones too. Should you notice on your winning trades That Felt everything easy and sure. Once you notice the difference, do not enter your mind unless trades is in the correct frame! It’s amazing how the human mind is Able to pick up on the mood of the market overalls. Douglas calls this being “In The Zone”. We have always Referred to it as getting a “Market Feel.” Some traders Have Felt That It Was Impossible, That gain market while Others feel Advantage Rather quickly. The difference is always in the mindset of the person. Some people are much more in tune Naturally With Their emotions, and They Do not Let Them Their effect mind while trading. Many traders get hung up in all the technical tools available today are That. They reason That If They Can Just add the right tools, They Will Become Successful traders. After Hundreds of Working with traders over the years, I can tell you for Certain That You Will Never Be Successful You have the right unless mindset.