Trading Psychology Change Your Mindset and Achieve Your Success How to Avoid Bad Trading Habits, Overcome Your Fears and Make Money on the Stock Market for Your Financial Freedom: WARREN MEYERS, #2

By WARREN MEYERS

• Why Steve Jobs always wore a turtleneck, Levi's 501 and New Balance sports shoes?
• Know what a famous executive said when Elon Musk went to propose his first Zip.2 technological creature instead of the yellow pages?
• Would you like to strengthen your discipline?
• Would you like to know the connection between trading and emotion?
• Know how to change a negative habit into a positive one?

 

If this is what you're looking for, this is the book that can help you!

 

Success in trading is 80% psychology and 20% methodology.

Based on this belief, I have written this manual in a simple way especially, but not only, to help newbies understand how fair-mindedness can help you succeed in trading. Together we will see:

• what mentality is
• how to try to look for your talent and be proactive
• what people like Benjamin Franklin, Steve Jobs, Eon Musk and others have taught us
• the market trends discovered by Dow
• which are the deadly emotions in trading, how to discover them and how to neutralize them
• how to increase our discipline

 

But above all, whether you are a novice or not, I advise you to read the last chapter very well.

Trading is not synonymous with gambling. Trading in the financial markets is not a game or even a hobby. The approach must be extremely serious and disciplined, above all, the focus must be on safeguarding the capital you decide to invest. Knowing your character, your fears, knowing how to exploit them to your advantage, is certainly an additional weapon.

 

If all this you think will help you, well, the only thing missing is your action!

 

Invest in yourself... Push the button and buy the book, study and...Happy Trading!!!

• Language: English
• Publisher: WARREN MEYERS
• Release date: Jul 29, 2022
• ISBN: 9798201572761

Book preview

TRADING PSYCHOLOGY

Change your Mindset and Achieve your Success

––––––––

How to Avoid Bad Trading Habits, Overcome your Fears and Make Money on the Stock Market for your Financial Freedom

––––––––

WARREN MEYERS

WARREN MEYERS ACADEMY

Acknowledgment

––––––––

I want to thank you for buying my book and for the trust, sincerely ...Thanks!

––––––––

Writing a book is harder than I thought and more rewarding than I could have ever imagined.

My thanks go to all of you, readers, I thank you because without you I could not be what I am, without you my books simply...would not exist!

I would like to invite you to know all my books and audiobooks that I have written and if you like my works, please, leave a positive tought, this will help me to move on on my work and will help other people to buy what they are find!

––––––––

Again...Thanks You!

Copyright 2022 by Warren Meyers

All rights reserved.

This document is geared towards providing exact and reliable information with regards to the topic and issue covered. The publication is sold with the idea that the publisher is not required to render accounting, officially permitted, or otherwise, qualified services. If advice is necessary, legal or professional, a practiced individual in the profession should be ordered.

- From a Declaration of Principles which was accepted and approved equally by a Committee of the American Bar Association and a Committee of Publishers and Associations.

In no way is it legal to reproduce, duplicate, or transmit any part of this document in either electronic means or in printed format. Recording of this publication is strictly prohibited and any storage of this document is not allowed unless with written permission from the publisher. All rights reserved.

The information provided herein is stated to be truthful and consistent, in that any liability, in terms of inattention or otherwise, by any usage or abuse of any policies, processes, or directions contained within is the solitary and utter responsibility of the recipient reader. Under no circumstances will any legal responsibility or blame be held against the publisher for any reparation, damages, or monetary loss due to the information herein, either directly or indirectly.

Respective authors own all copyrights not held by the publisher.

The information herein is offered for informational purposes solely, and is universal as so. The presentation of the information is without contract or any type of guarantee assurance.

The trademarks that are used are without any consent, and the publication of the trademark is without permission or backing by the trademark owner. All trademarks and brands within this book are for clarifying purposes only and are owned by the owners themselves, not affiliated with this document.

TABLE OF CONTENTS

Introduction

Chapter One – What Is Mindset

Thinking by Walter D. Wintle

What The Mindset Is

4 Different Personalities

Meeting Basic Needs

The Weak Will

The Boiled Frog

Static And Dynamic Mindset

Chapter Two – Mindset For Success

Start By Thinking At The End!

How To Find Your Talent

Try To Be Proactive

9 Strategies To Seek Success In Life

10 Habits To Change Your Life

How To Eliminate A Bad Habit

Objectives For The Beginning Of The Year

Chapter three – Success Mindset People

Shakespeare And The 7 Habits That Bring Us Closer To Our Goals

Benjamin Franklin And His 13 Virtues

Steve Jobs: Willpower And How To Increase It

Elon Musk - How Your Mindset Determines Your Destiny

Chapter four – Trading Mindset

Trading And Emotions: How Do You Form A Price?

The Dow Theory: The 6 Principles Of Market Trends

Emotional Balance And Mindfulness

The Psychology and Rules of Trading

Trading and discipline

The Deadly Habits In Trading

The 9 Fears Of Trading

The 6 Most Common Emotions In Trading

The Law Of Pareto In Trading

Small Final Suggestions

Conclusion

Introduction

Success in trading is achieved 80% by psychology and 20% by methodology.

Starting from this belief, I have written this manual in a simple way that will especially help newbies and to understand how fair-mindedness can help you to be successful in trading.

Trading is not synonymous with gambling. Trading in financial markets is not a game or even a hobby. Your approach must be extremely serious and disciplined, above all, your focus must be on safeguarding the capital you decide to invest. Knowing your character, your fears, your objectives, knowing how to exploit all this to your advantage, is certainly an additional weapon.

Knowing what approach Steve Jobs, Elon Musk and other important people of our time and in the past had, helps us to understand what the right attitude to adopt is in order to achieve our goals in life.

Together we'll see how we can learn to recognize our talents first and use them later.

Finally, knowing how collective emotions are at the basis of market movements and how they influence them, together with a rigorous discipline, helps us to get the most from the markets, while always trying to risk as little as possible.

Chapter One – What is Mindset

Thinking by Walter D. Wintle

If you think you are beaten, you are;

If you think you dare not, you don't.

If you'd like to win, but you think you can't,

It is almost a cinch you won't.

If you think you'll lose, you've lost;

For out in this world we find

Success begins with a person's will

It's all in the state of mind.

If you think you're outclassed, you are;

You've got to think high to rise.

You've got to be sure of yourself before

You can ever win the prize.

Life's battles don't always go

To the stronger or faster man;

But sooner or later the person who wins

Is the one who thinks he can!

What the Mindset is

In order to talk about it and to be able to exploit it, we first need to define what the mindset is. With this term we refer, in general, to the set of conditionings and beliefs that the mind has assimilated throughout our lives. This habitual mental attitude characterizes our ways of reacting and acting in certain circumstances. In a certain sense we can define the mindset as our habitual behavior in the face of situations that present themselves to us.

For example, if a person is convinced that he or she cannot speak in public, he or she will probably tend to avoid occasions when it is necessary to show his or her abilities in front of others. This leads to general insecurity, which if not addressed will become deeper and deeper in his mind, leading him to give up and surrender for fear of making mistakes.

This is precisely one of the reasons why I find it indispensable to know oneself. Knowing your limits, your fears, your difficulties and being able to admit them is an important step towards the possibility of overcoming your limits. Even if they are often imaginary limits that we set ourselves when, in reality, it is our fears talking and making us believe there are obstacles that are impossible to overcome.

We start from the assumption that nothing presents an insurmountable problem, sometimes what is necessary is to have the right weapons for the battle and a little help to take the field and fight.

4 Different Personalities

Will power sometimes has nothing to do with the ability to do more, sometimes it is the forces within certain people that motivate them to act.

The idea that trends can be innate is very striking.

Thanks to research we have realized that people fall into one of four distinct trends: the obligator, the asker, the rebel and the supporter. Each of them has a certain influence on how you become motivated to complete tasks and goals.

Identify your trend by understanding how you respond to expectations. Are you internal, external or neither. Here's how you can use your internal tendency to be more productive and achieve your goals:

Figure n.1 Personality

Obliger

Bonds easily meet external expectations. They execute projects on time when someone else is counting on them, but they struggle with internal expectations, such as establishing personal decisions. Sometimes the fact that they have tried to change habits and failed brings disappointment and inability to try again.

The obligor needs external responsibility to meet internal expectations. They are good at organizing deadlines and team management. This is everywhere in the workplace.

If you are an employee who is in a working environment that promotes autonomy, or if you work for yourself, you will have to create such a responsibility. Tell your colleague or boss what time you have set for yourself. Find an accountability partner and set daily or weekly goals by testing each other. Take lessons and sign up with a friend who will be annoyed that you will not appear. You might instead think of yourself as a role model for others to follow.

Obligers often think they need to get out of this trend and become internally oriented, but that’s not necessary, there are hundreds of ways to create external responsibility, and that’s what employees need.

Questioner

Questioners question all expectations. They want to know why they should do something because they are deeply committed to logic and efficiency.

Questioners have difficulty making decisions because they need more information. They need reasons and sometimes even justifications to find motivation. If they are at work and feel stupid, they won't do it.

This tendency can be blamed for a lack of respect or not being a team player, because it seems that they