Trader Mindset Are you trading to grow your account, or to "not lose money?"
Sep 2, 2025
Explore the importance of setting clear trading goals and understanding personal motivations for better performance. Discover how intentional trading behavior impacts financial outcomes and learn to use Average True Range for optimal position sizing and risk management. Delve into the balance of risk and reward, encouraging traders to face their fears and embrace potential losses. Understand that your worth isn’t tied to financial success, emphasizing the need for strategic planning and personal risk assessment.
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Decide R Before Position Size
- Choose a fixed risk per trade before sizing your position so you know what you can lose.
- Calculate position size from that risk and your stop distance to ensure trades can meaningfully move your account.
Goals Must Be Specific And Account-Focused
- Having material goals drives clearer trading behavior than vague desires like "I want a Ferrari."
- Frame goals around growing your account and specific outcomes, not acquiring stuff.
Growing $5K To $25K Fueled Focus
- Michael recounts needing to grow $5K to $25K out of necessity because he had no breathing room.
- That pressure taught him to focus and learn trading craft quickly.
