July 30 | Do you have the right mindset for trading?

Daily Trader Talk Newsletter

Hey Trader,

Trading psychology refers to the emotions and mental state that help to dictate success or failure in trading securities. Trading psychology represents various aspects of an individual's character and behaviors that influence their trading actions. Trading psychology is characterized primarily as the influence of both greed and fear. While greed drives decisions that appear to accept too much risk, fear drives decisions that appear to avoid risk and generate too little return. In this video, Josh explains the consequences of having the wrong mindset when trading and how you can use psychology to become a better trader.

THE NEWS DESK

These stocks are falling thanks to the growing tension between the US and China Some big names are getting hit pretty hard Tech stocks that could rally 50% or more? Here's what Wall Street has to say How Tesla is becoming even more competitive in China It has everything to do with this particular model

OK… Josh Martinez is WELL KNOWN for giving mountains of value in every single thing he does. But this special… it's flippin' amazing. He's offering his exclusive private Trading Room (called the War Room) for just $5! Click here to get into the War Room for just $5 for a WHOLE YEAR of membership. That's $5 for an entire year folks!

WORDS TO TRADE BY

"If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed." ― Edmund Burke Wealth, in and of itself, is not a bad thing. It's how we use our wealth that transforms it from a useful tool to something destructive. Many new traders tend to outspend their newfound income at ridiculous rates. And when that happens, they really aren't building wealth. What's the point of spending the time and energy to trade if you're going to spend more when you start seeing decent profits? The key to wealth is keeping it. That doesn't mean you never spend money. It means you should be wise about how you manage your assets, especially as your account grows. Don't allow your pursuit of wealth to consume you. Control it. Master it. Bend it to your will, and it will help you achieve your dreams! Keep Trading,

Hypothetical or Simulated Results Our educational products rely upon hypothetical or simulated performance results. These results have certain inherent limitations. Unlike the results shown in an actual performance record, these results do not represent actual trading. Also, because these trades have not actually been executed, these results may have under-or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated or hypothetical trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown.

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