Mindset of The Top 5% of Traders | 065

18/03/2024 37 min Episodio 65
Mindset of The Top 5% of Traders | 065

Listen "Mindset of The Top 5% of Traders | 065"

Episode Synopsis

There's always a floating stat out there the talks about the stark reality of 90 to 95% of traders fail. But instead of dwelling on the reasons for failure, we shift our focus to the secrets behind the success of the elusive 5%. What sets these successful traders apart? The answer lies in their mastery of two critical types of consistency. First, we explore the importance of journaling and documenting every trade, a practice often neglected by the majority but embraced by the successful few. Then, we go deeper, into the consistency of a mindset towards trading itself; understanding that losses are not just part of the game, but included in a profitable trading system. Show Notes:Prop Firm Stats:https://learnforexwithdapo.com/prop-firm-statistics/SMB Capital post:https://www.smbtraining.com/blog/the-failure-rate-of-a-proprietary-trader___________________________________________________________________________________________Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.Our mission: Cultivate & sustain profitable traders.Our ethos: Be honest and transparent as we build our content off of what we consider three pillars of successful trading: Risk Management, Edge, and Psychology.For more information about Trading Education in Hawaii, visit our links below:Discord: https://discord.gg/8fpwNy7d3nBootcamp & Trainings: https://training.hawaiitradingacademy.com/storeWebsite: https://bit.ly/HawaiiTradingHTA TV: https://bit.ly/3sLQpnIPodcast: https://spoti.fi/3wfbqF7Youtube: https://bit.ly/HTAtubeInstagram: https://bit.ly/HTAigFacebook: https://bit.ly/HTAfaceTwitter: https://bit.ly/HTAtweetCreate Your Own Success In The Markets.Book a FREE call with us: https://bit.ly/3EwgpGjReady to take the leap to get funded? Click the link below!https://www.surgetrader.com/?afmc=HTAMahalo for listening.Safe Trading!