Trader Mindset How to calm your nerves while trading and make more money
Jun 30, 2025
Discover early career lessons that establish a strong trading mindset focused on risk management. Explore effective strategies to maximize gains while minimizing losses, alongside the emotional hurdles traders face. Personal anecdotes illustrate the vital connection between discipline and emotional control. Gain insights into long-term strategies and setting achievable financial goals, enhancing self-awareness for better trading decisions.
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Early Trading Challenges
- Michael Martin started trading with a small $5K account and faced high commission costs.
- He learned to manage risk with buy stops and protective stops, avoiding constant P&L monitoring to maintain discipline.
Avoid Watching P&L Continuously
- Stop looking at your P&L during the day to avoid emotional sabotage of trades.
- Focus on your trading process to manage risk and avoid impulsive decisions based on short-term gains or losses.
Let Winners Run
- You cannot predict market tops or price targets reliably, so letting winners run is essential.
- Small early profits often limit potential gains; holding through pullbacks can lead to bigger returns.
