In this podcast, we explore the critical balance between proactive and reactive decision-making in the world of trading. Proactive decisions involve preparing meticulously before entering the market, while reactive decisions entail responding to market conditions as they unfold.Proactive Trading (Preparation Is Key):Proactive trading means being well-prepared before trading.It includes maintaining a calm state of mind, knowing your trading system, and conducting chart analysis.Proactive traders intentionally engage with the market, plan for various scenarios, and create a favorable trading environment.They establish clear trading rules and journal their trades for continuous improvement.Engaging with a trading community helps them stay informed and prepared.Why Be Proactive?:Being proactive is essential for long-term trading success.Luck can favor some traders temporarily, but sustainable success requires preparation and calculated decision-making.Reactive Trading (Riding Market Trends):Reactive trading involves responding to market movements as they happen.It's not about impulsive decisions but rather identifying trends and acting accordingly.Negatively Reacting (Common Pitfalls):Negative reactions in trading include trading on tilt, chasing trades, making impulsive decisions, and flipping biases during live trades.Balancing Act (Being Both Proactive and Reactive):Successful trading requires finding the right balance between proactive preparation and reactive response.The market is dynamic, and traders must adapt to changing conditions.Striking this balance increases the chances of long-term trading success.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:Bootcamp & 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/HTAtweetBOOK A FREE CALL: https://bit.ly/3EwgpGj

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