Day Trade Like A Millionaire
There are different ways to train your mind to become successful one is to believe it then you can conceive it!
Many people who day trade think of this career as one that is a gamble to get rich, nothing is further from the truth and if you want to be broke then do not prepare to trade. The simple solution to trading like a millionaire is to think and act and then you can become just that.
Failing in trading is just like anything else you must first decide that you will follow the rules of trading and winner who do just that. Many people go through life aspiring to do things but they dont actually do the things needed to succeed. For example many people say they want to lose weight but you will realize quickly that they are overweight for a reason, as they lack order in their methods.
How To Trade Like A Millionaire
- Millionaire traders value time and opportunities
The fastest way to destroy your trading account is to day trade with no rules in an attempt to make money only.
What do I mean by Make Money Only?
When you trade you must trade for one reason, to win! In trading if you day trade only to make money you will get yourself in big trouble. If you read the lives of successful traders many will say they trade for the fun of trading and to win, they mention money, however they are more concerned with trading to win.
Many traders try to make as much money in a short period of time so they can buy a new Mercedes or Yacht as they watch TV and get the wrong idea of what it means to be a successful day trader.
To succeed at something means you must Think Like A Millionaire Day Trader....
1.) Many traders lack a good foundation so they may not even know or understand what it means to win in trading. Many traders will take the wrong courses written by people who many never have traded real money or may just think that its just a big gamble.
2,) Once you understand what a good foundation in trading is and have seen that the strategy actually works, then you must put this strategy to work, this means to use this strategy not modify it as you wish, unless of course you have a lot of experience in trading then feel free to use your experience to modify your trading strategies.
3.) Use less leverage when you are losing, Many Millionaire traders will use low leverage when they are losing. Notice I did not say many Millionaire traders will use low leverage, this is just not the case. The Millionaire traders I know use a lot of leverage, they just slow down their pace when they are losing. How can onc ebecome a millionaire day trader if they do not use good leverage? They can't! The key is to make sure you use less when you are losing.
4.) Don't Over Trade, Many Millionaire traders admit they will not overtrade. This is a big problem with losing day traders and must be stopped if you want to become a Millionaire Day Trader.
How To Become A Forex Millionaire
If you think that there are no traders out there that make it that's a lie, I know many traders who have went from rags to riches, I also know many who never were able to grasp this difficult career.
The bottom line is to be successful at trading or anything takes effort and time, this means that if you want to succeed then you must fight for the ability to succeed.
If it was so easy to succeed in trading why then would there be a 95% failure rate? I can tell you why...most people are not willing to put in the time needed to succeed and they give up after destroying a few accounts as stats tell us. If you want to succeed you better stick with it, learn it, and make it happen. I am tired of all those losing day traders who tell me that you can make money in trading during the day, this is a very dumb statement, the fact tat they are not able to make money at it does not mean others can't. At fxlivedaytrading.com we teach day trading live and we are dedicated to making sure you are taught the correct habits that million dollar traders use.
- Posted by fx_Trader
- On June 16, 2020
- 1 Comments