TraderThoughtsX
@traderthoughtsX
Not financial advice, just my thoughts Tweeting quotes, psychology and history of trading everyday.
I'm fascinated by the human psychology behind trading, and how it has shaped the history of commerce and civilization. I enjoy making tweets about trading and sharing them. "Trading is more than just a way to make money, it's a way to understand yourself and the world better".
The longest bull market in history lasted from March 2009 to February 2020, when the US stock market rose 400% over 11 years. The bull market ended abruptly due to the COVID-19 pandemic, which triggered a global market crash.
Be self-aware. Know your strengths and weaknesses as a trader. Understand your personality, emotions, moods, biases. Recognize how they can influence your trading behavior and outcomes. Use tools such as personality tests, meditation, and feedback to increase your self-awareness.
"If you can learn to create a state of mind that is not affected by the market's behaviour, the struggle will cease to exist." - Mark Douglas #trading #quotes #mindset
“Success is liking yourself, liking what you do, and liking how you do it.” - Maya Angelou
Set rules. Create a trading plan and stick to it. A trading plan should include your entry and exit criteria, risk-reward ratio, position size, stoploss and take-profit levels, and trading strategy. Having a clear set of rules can help you avoid emotional and impulsive decisions.
"Trading in the Zone: Master the Market with Confidence, Discipline, and a Winning Attitude" by Mark Douglas is a must-read book for traders. #trading #quotes #books
"The stock market is never obvious. It is designed to fool most of the people, most of the time." - Jesse Livermore #trading #quotes #fool
Learn from mistakes. Everyone makes mistakes when trading. The key is to learn from them and avoid repeating them. Keep a trading journal and review your trades regularly. Identify what went well and what went wrong, and how you can improve your performance.
“Success is not about what you accomplish in your life; it’s about what you inspire others to do.” - Unknown
The most traded stock in the world as of January 2022 was Apple, which had an average daily volume of 87.6 million shares. The company is also the most valuable in the world, with a market capitalization of $2.9 trillion . #AAPL
“The only person you are destined to become is the person you decide to be.” - Ralph Waldo Emerson
“The only way to do great work is to love what you do. If you haven’t found it yet, keep looking. Don’t settle.” - Steve Jobs
“Success is not final, failure is not fatal: it is the courage to continue that counts.” - Winston Churchill
Take a break. Regular breaks can provide much-needed perspective and clarity on where things stand. Trading can be stressful and exhausting, so it’s important to recharge your energy and mental health.
"Learn to take losses. The most important thing in making money is not letting your losses get out of hand." - Marty Schwartz #trading #quotes #losses
"The goal of a successful trader is to make the best trades. Money is secondary." - Alexander Elder #trading #quotes #success
Think long term. Set achievable goals. A realistic plan of what you want to achieve helps prevent over-trading or getting too emotional due to unrealistic expectations.
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