define"strong mindset", how it is measured and where it has been documented to play a dominant role in bringing good progress (and define "good" and "progress" as well).
True! All decisions come from your mind. If you are not sure what trading decisions are right, you are simply inciting losses. So, do proper analysis before you pass a judgement.
I agree, take the good with the bad. Because when trading we have to balance our profits and losses in our mindset and don't have to rush to make decisions.
%% I like what one PHD said about another PHD\ ''his PHD stands for phenomenal dud'' Lifelong Learner myself. Schizo nickname had an interesting book; it noted the brain processes a money loss in the same place as a life threat\ that explains a lot of market behavior.......................
Mindset is everything in trading. Even if you have the most powerful analyzing trade knowledge, the outcome of trading can be useless if you do not have the perfect mindset.
Yes, that's true. Trading is all about logic and keen mindset which can actively analyze their trades and work in the direction of enhancing their performance.
Lot's of concepts intertwined here. Mind, body, emotions, intellect... Trading is a mental game, which is based on the understanding of complex phenomena, which requires intellect and is at least assisted by education. It is a psychological game, which means it requires emotional intelligence, self-reflection and mindfulness. All of the above are complimented by the state of one's body. Healthy body, healthy mind. An exercise routine, healthy eating habits, healthy sleeping habits, healthy thought habits... The things we consume in every way - food, water, energy by our surroundings that uplifts us or muffles us, energy by our inner world, built by our thoughts and desires - with those left uncheck having the real possibility of harming us. A fascinating game it is!
Mind and trading work simultaneously which is why a trader can make a quick decision at a time. Without a sharp mind, you cannot trade.