Whats the difference between a winning trader and a losing trader? Its not that one is smarter than the other, or that one is luckier than the other. Sure, maybe having the right tools and the best information helps, but what separates a winning trader from a losing trader is their mindset.
A mindset is how one perceives the world. Its how a person absorbs the information around them, and chooses to either take action or not.
Being a trader is not just about formulating better strategies and performing more extensive analysis, but is also about developing a winning mindset. What separates a winning trader from a losing one? its not that winning traders formulate better trading strategies, its not that winning traders are smarter, its not that winning traders do better market analysis. What separates a winning trader from a losing trader is their psychological mindset.
That was right, having a winning mindset in trading has a good impact while you are in trading. It contributes good emotion which contributes also to having positive vibes and may increase and boost your mentality function which is lead to having success in trading. Psychological mindset is very important when it comes in trading and think how profitable it is.