教育

Trading Psychology - Long Term Sustainability in the Market

Hello traders:

Today I want to discuss an important topic on long term sustainability.
It is no surprise that trading any financial market has proven to be difficult, and stressful.
Many new traders come and go so fast in the industry, and it's often due to the wrong mindset, trading plan, risk management and expectations.

I want to focus on the psychology part of trading for sustainability,
as I have made many trading plan, risk management related videos already, though I can discuss more on mindset and emotion today.

My vision in trading psychology has always been: Consistency, and Sustainability.

These are a few things I tell myself each and everyday in my trading journey to help me stay sustainable in the market.

-I am NOT here to get rich quick, traders who have that mindset often failed fast and quit

-I am here to make a reasonable % return per month, based on proper risk management and trading plan.

-I understand in order to make a ridiculous return per month, it requires over-risking and over-trading,
but it's unsustainable on a larger account size. I do not wish to lose a larger account or ability to trade for larger prop firms’ accounts.

-I understand the uncertainty in the market, any strategy, method and approach will run into drawdowns and losses.

-To prevent revenge trading, over trading and over leveraged, proper mindset and emotion are needed to survive and sustain in the market

-I believe in long term sustainability, and looking to “win the lottery” by going all in on trades. 1
% per account risk with 5-7% return per month is reasonable, achievable, and sustainable in the long run.

These are just a few pointers and reminders I tell myself each and every day.
This year will mark my 9th year in trading, and I am thankful to have gone through all these trading experiences in the past that made me a better trader today.
I am still continuously learning and growing, very happy with the consistent and sustainable approach that I do.

I am sure there are many other traders with different opinions, methods, approaches in trading, with different mindset, expectations and goals.
I respect all trading strategy, perspective and options. At the end of the day, it's up to each individual trader to identify their journey and what method they wish to implement in trading.

I sincerely hope I can help some of the traders to understand the importance of long term sustainability, and that will enable traders to continue to be a part of the financial market for the years and years to come.

Thank you :)

Jojo