Trading Mindset

[Yanghudi]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

[Beparanf]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

[Oshosondy]

You are very right about what you posted, most traders do not have the money but they are trading with the little amount of money that they have and they become impatient and lose all the money continuously, they use high leverage and lose. I totally agree with you.

But for those that have $100000 to trade, they suppose to be making money than $100 daily even if they are patience. But they should not use leverage and they should not trade with the money at once.

[Yanghudi]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

then poor people should focus on trying harder to find more capital for reasonable trading and then it will make sense

You are very right about what you posted, most traders do not have the money but they are trading with the little amount of money that they have and they become impatient and lose all the money continuously, they use high leverage and lose. I totally agree with you.

But for those that have $100000 to trade, they suppose to be making money than $100 daily even if they are patience. But they should not use leverage and they should not trade with the money at once.

love the way you got it right i think the leverage is something like very risk gambling right then it should be avoided

[masulum]

But it is true, fixing the mindset is important, because i have experience, my friends thinking if trading in stocks and crypto with small money, let's say $50, they can profit quickly. Even though I tried to explain, they didn't believe me, look like he knows everything about trading. Changing the mindset doesn't need to decide when using large or small capital, because when thinking about big profits, in the end leverage or futures become their choice. At the end of the time, when they lose, they shout that trading is a scam. Mindset can determine everything in trading, starting with the wrong mindset, then trading tactivity will not be managed well.

[justinlamode]

With your mind set discussion here are you implying that it’s better to trade with big capital and aim for small profit rather than use small capital and aim for higher profit?

Rich and poor obviously have a different approach due to their own circumstances like rich is trading with huge resources and vice versa for the poor.

That is exactly what the post is all about even though it was not correctly worded.  I agree with that point of view because it is easier to make 1% of your capital than 100% and using small amount of money to chase big reward will simply multiplying the risk. In other types of businesses, it is also easier to make more money when you have big capital that is why you see the rich chase 10% to 30% annual returns whereas those with low income will be targeting big amount and taking too much risk.

[hyudien]

Someone with large capital usually has a realistic target besides that with the excess capital when experiencing a loss they will not be too emotional on the contrary someone who only relies on limited capital will be more emotional and it cannot be said that they are traders but gamblers especially when the goal is to get x10 or more in one entry. I agree with your statement, change your mindset first before wanting to become a trader and try to collect capital first because the market is a place full of uncertainty.

[cabron]

with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -
Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

I don't think someone here really is thinking about that much of a profit with just $10 capital. I'm sure a person whose new to trading realized this already even before he started.

But the new investors however of memecoins does have this mindset after learning their much followed celebrity on youtube bragged about his profits. In anyway, they didn't expect to profit 10-100$ PER DAY but the bull run is what they waited.

[Mpamaegbu]

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!

If you've this mindset that what matters is capital to be profitable, sooner than later you're going to blow up your account. Capital isn't as much important as skills for trading. A person without trading skills can easily burn a $10,000 funded account within a few days. No mindset will be that confident if it's not equipped with skills as the one that's equipped. Mindset is emotional, it doesn't trade impartially. What does is skills. Mindset is what we want price to do, and not what price is doing, right? Remember that the market doesn't give a damn what we think. It goes wherever it pleases. I like trading technicals myself. Whenever I see people talk down on technicals, I just laugh.

[Mrbluntzy]

This difference you made about rich and poor traders is the reality that different traders are having right now. For the rich traders, although just some of them, they want to make more than the amount in profit that you used as an example, and it could be higher amount, they prefer a one time large profit rather than consistency in profit despite small or big. It's applicable to poor retail traders too, most of them. They want a huge one time profit in a day or two, so that once they get the profit, they can show off. I don't trade but I like how it's done but I can't because I can not bear the risk. Am very comfortable with holding Bitcoin. If most traders improve in their psychology about trading, they could be profitable like other successful traders.

[Coyster]

The thing here is to chase realistic returns, if you control a very small position, there are certain returns you cannot realistically expect and due to your small position, you'll quickly burn out.

That said, there are also traders who control a large position, but because they do not really understand trading, neither do they implement risk management strategies, they also fail in trading. So in other words, i think a traders skill is their most important asset, even before available funds.

[BABY SHOES]

Yeah... The trading mindset you mentioned is true in that those with large capital can multiply it more easily, and those people may become even richer if their trades continue to be profitable.

But with small capital, it's difficult to go from $10 to $1,000... this is the challenge for the poor. If they manage to overcome this, they will likely find it easier to make money in trading.

What I'm saying is... don't take it at face value because, of course, there are risks involved, especially for those with large capital, which are balanced by what they put in.

[harapan]

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!![/pre]

Mind you talking about mindset you should be aware that people think differently so is their mindset, which is why the poor and the rich mindset differs on trading, such that when one is thinking of trading with huge sum to get higher profits the other is doing otherwise but what matters is that they are both profitable in the end and risking what they can afford.

[Hatchy]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

It's all about having a good psychology. Trading is risky, and we all know that. If you don't have the right mind set, you may find your self losing too much in the market. A rick trader would only risk 1% of his funds and make money out of it. A poor trader would want to risk 100% of his funds because he wants to try to make too much profits from his risk. The rich will surely remain rich because even when he losses that 1% he has something to risk again. But the poor who went all in would be left out on potential winning opportunities...

[Ndabagi01]

Having the right mindset is important in trading and when you lack it, you’ll most definitely be making many mistakes that won’t make you profit in the market. I like your post about how the rich and poor approach the market, it is really the truth of the matter and has caused more poor people to lose interest in trading because of high leverage and poor mindset of making money quickly approach they came into the market with.

It is a good thing to aim to multiply your profits with the capital you’ve putting into trading, but doing that should mean that you have more money in place to always place a trade with that amount with, like dividing your capital to trade as a rich person will approach the market. It’s all about proper risk management nd the rich will achieve the result more faster than the poor when they come into the market with this two mindset you’ve mentioned in your post.

[SATWAT]

About Trading

 -For the rich, this is a place to multiply money,
with a capital of 100,000 Dollars then trying to find consistent
profit of 100 Dollars per day then it makes sense!!-

 -For the poor then a place to find a living & wealth and then
with a capital of 10 Dollars trying to find consistent profit of 10-100 Dollars per day then it nonsense!!!! -

Fix your mindset first trading is not only about analytical skills then your mindset is also very important!!!!

It's all about having a good psychology. Trading is risky, and we all know that. If you don't have the right mind set, you may find your self losing too much in the market. A rick trader would only risk 1% of his funds and make money out of it. A poor trader would want to risk 100% of his funds because he wants to try to make too much profits from his risk. The rich will surely remain rich because even when he losses that 1% he has something to risk again. But the poor who went all in would be left out on potential winning opportunities...

Mindset is always important but with this many other things are also involved in this which make things easier because having just mindset has never been key to success also needed better understanding of risk management and having knowledge about things are also important.
Rich always make more profit because they are having better environment of doing business and also understand depth of trading because they are having enough sources to handle this while poor always struggle and need to fix many other things which causes problem for him.
Trading mind, knowledge and risk management always important with trading mindset which is always allowed growing and live better but still its no for all because things are looking possible on papers easy instead of having practical.

[Russlenat]

Still, that’s the wrong description because someone who’s truly rich isn’t thinking about earning just a small profit from $100k in capital. I think the proper term isn’t “rich,” but “professional trader.” After all, there are also rich traders who are reckless, and there are poor traders who are consistent and understand that slow, steady growth is the real key to success.

But I agree with you, mindset really matters. If you approach trading with a gambler’s mindset, you’ll eventually lose. It’s boring, and you’ll still end up losing it’s probably the worst experience you can have in trading.

[Japinat]

The rich can be richer or get poor while the poor can be poorer, that’s the reality about trading. Trading is all about knowledge and reliable strategies, so if what you have is only greed and passion, believe me that won’t work for trading in the long run.

My mindset is, trade when there are available opportunities to earn, but learn to stop trading when it’s no longer favorable on your part. Know how to start, as much as know when to stop, that’s the only way you’ll not end up messing up with trading.

[Botnake]

For majority, trading is a way to make money and get rich. But it takes more than interest and motivation alone, you need limitless amount of knowledge and patience, until eventually you develop your own skills and strategies that are suitable on your trades.

Trading is not just making money and produce an income, but it requires sacrifices as well. So if you think that trading has only made you stressful and uncomfortable, and you’re not even growing on your craft, then leave trading. Not everyone who trade end up with positive outcomes, unfortunately some end up at their worst.

[BitMaxz]

Honestly, there's no poor and rich in trading; you're just thinking that poor people can't trade. For me, if there is no budget yet, train yourself with paper money instead. If this poor man becomes profitable, he will be able to join any trading contest that doesn't require a big amount. If he wins, there's a possibility he will get a funded account with around $1k to $10k. There are many online streamers who randomly give away or fund people's accounts if they guess the right answers. So there are still chances for poor people to enter into the market.

However, I still agree on some points; having a big account size has some advantages, even if you are targeting small. The important thing here is you can minimize the risk, like your target is $100 and your risk is $20. If you win the 1:5 ratio, then you will be able to earn $100. Just make sure that if you lose in one setup, don't overtrade; it's better to trade again for the next setup.
Having a big-sized account doesn't mean you can beat these poor people with small accounts. Honestly, that was a start to grow an account from small to big.