There’s not just one way to do anything in the markets. Some of the most important skillsets for your success are problem-solving, creative thinking, psychology, and mindset. If you want to have the best potential to succeed you should work on these areas.
What we’ve found as we’ve taught traders is that one of the most important components is to find yourself, and build a system that fits your worldview, your psychology, your schedule and your relationship to fear, money, time and success.
Dr. Van Tharp said it very well:
You do not trade the markets. You can only trade
your beliefs about the markets.
—Van K. Tharp
Spend some time reviewing today’s video of the day from Coach T from the way back machine in 2015. It is a long post, but worth the read and watch. Start developing your trading identity. When you have one you will achieve more with your trading.
Chart of the Day
Characteristics of a good trader
Video of the day
Trading Basics: Developing a Trading Identity
Coach Tim goes over the importance of creating your own trading identity.
Today’s Lineup
Coaches Lounge 11am EST
Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.
Halftime Report 12:30pm EST
The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.
Cash Flow Club Replay
If you missed last night’s episode where Coach Tyler talked about trading tips for what to do on BIG down days or would like to watch it again, check it out here.
Market Recap – 4:30pm EST
The Market Recap is designed to give you a quick overview of the day that was. While brief, this report is designed to cover all of the major events that drove the markets that day and help you plan for the trading day ahead.
