Matthew Spositi is an aspiring trader, Austrian Economic enthusiast, entrepreneur, and founder of New Millennium Wealth. My goal is to help individuals get out of the rat race and become financially free, by showing you every step of my journey, and by sharing all of the knowledge I have accumulated about trading, investing, markets, and economics over the past 5 years.
Episodes
Friday Sep 18, 2020
Ep. 47: Having The Right Trading Mindset
Friday Sep 18, 2020
Friday Sep 18, 2020
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Having the right trading mindset is extremely important in being successful and becoming a consistently profitable trader.
Without the right trading mindset, traders fall into many traps like revenge trading, moving stop losses/targets, and not following their trading plan.
In order to be successful, traders need to have the right mindset to avoid these traps.
Traders need to understand that trading is not a “get rich quick” scheme. It is not a matter of if you will lose money, but a matter of when, and it will take a long time to master the art and skill of trading.
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