I want you to imagine for a moment that you have achieved great success for many years and now you live in the Caribbean and drink one of those island cocktails (known as small umbrellas)… you in 5 years You used to work around the clock and now manage a small $ 10,000,000 investment fund. I really want you to imagine yourself in this position for a moment.
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Unfortunately, we have to go back to reality for a moment because we have to do an important exercise to understand the point of today’s lesson. I want to ask you a few simple questions:
- Do you think that if you have $ 10,000,000 compared to $ 10,000, your analysis and trading will be different?
- Are wealthy people trading on recreational islands really different from you and other “average” traders?
- Does having a high-capital trading account really change the psychology of this game, which we call trading? Is an investment manager different from an “average” retail trader?
The answers to these questions will vary depending on your level of understanding of the market, money and people in general. Let me share my insights…
These are just zeros…
The above questions are not deceptive. The answer is yes for all of them موفق Successful traders actually think differently from you, which is why you are reading this article now. A successful trader thinks and trades differently than you do, which is why he is the manager of a very large investment fund and you are still stuck in mediocre trading lands.
Although with the right mindset and a little patience, you can slowly but surely become a successful trader. Such people did not come to Earth from Mars or were born from the womb of Trader’s mother, but through practice and hard work have followed the path you are on.
Pay homage to successful people
One thing I want to clarify is the misconception that having a large account will automatically turn you into a successful trader. Many people with good accounts of $ 50,000 or $ 100,000 or more enter the market and lose their account very quickly. While the answer to question 3 about whether you have changed a large account changes the psychology of the transaction, yes, the main difference is that having a large or small account should not change the way you trade.
It is true that traders with large accounts may have a different trading psychology than you, but their actual trading trends should not be different from yours. In addition, if you want to get the “successful trader” mentality, it can be achieved quickly by making sure that your trade reflects an investment manager. In other words, pay homage to successful people to become one of them yourself!
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