The “Trader’s Mindset” micro-blog is the perfect source of inspiration to help you stay focused, determined, and motivated on your trading journey.
Don’t Trust The Talking Heads
As a trader, avoid watching the news during trading hours. Instead, focus on the chart before understanding any news event’s impact. News reporters tend to amplify the significance of the news, perceiving it as the sole cause of any market movement. It’s best to rely on something other than TV experts, who are frequently inconsistent and unreliable. Instead, trust your methods and analysis. Be careful of pundits who make exaggerated predictions and sway with the day’s news. They may influence your trading and cause you to deviate from your planned strategy. Remember that even the most accurate predictions are not right more than 60 percent of the time. So, do not be swayed by one-sided arguments; always rely on your analysis.
