More Than Money 💸
Updated
Hello, friends! 😊 What do you associate trading with? 🧐 For most of us it's exchanges and investments are primarily associated with big money. However, trading in the financial markets not only provides opportunities for earning but also for significant skill development and personal growth.
https://www.tradingview.com/x/WZkDZotE/
Here are the top 4 qualities that trading helps to develop:
1. Strategic thinking🧠
Systematic approach and having a well-thought-out strategy distinguish a professional trader from a gambler. Seeing that Bitcoin is rising and immediately buying it – that's not how it works: You need to follow rules to earn not situatively, but in the long term. First and foremost, adhere to risk management, which determines 90% of success.
The main rules of risk management in trading that are useful in any endeavor:
In trading: Invest no more than 1-2% of your deposit in one trade.
In life: Don't put everything at stake for short-term gain: soberly assess what you can risk so you won't regret it later.
In trading: It's not so important how much you earn. It's more important how much you lose or don't lose.
In life: Weigh the pros and cons of every serious decision.
In trading: Diversify risks, invest in different instruments so that potential losses from one asset are offset by profits from another.
In life: Always have a plan B, and preferably plan C as well, to achieve your goal. Because if something can go wrong, it will.
In trading: Cut losses to a minimum, let profits grow.
In life: Don't waste energy, time, and resources on what doesn't bring benefits or doesn't work out. Strengthen what's strong: focus on what You do best.
2.Stress tolerance🫨
Trading is not the easiest way to earn a living: you need to be mentally prepared for both profits and losses, not succumb to emotional impulses, and maintain self-control. Sometimes you have to "rise from the ashes" and start over from scratch. However, just like in life. Only 2-3% of traders have natural resilience: the rest need to develop it.
Here are some tips from me, which I have formulated from my own experience:
3. Independence🕊️
One of the main advantages of trading is freedom: there are no bosses above you, you manage your own time and resources, and you are solely responsible for your actions. You decide how, where, and how much to invest, what risks to take, and so on.
The ability to take responsibility for oneself, not blame others for one's mistakes, and be independent in decision-making is a quality that is valued not only in trading. Independent, self-aware individuals progress faster in their careers, build harmonious relationships, and establish large-scale businesses.
4. Developing 🎓
You can't learn trading once and for all: the market is not static, it's constantly changing. Yesterday, for example, only a few knew about cryptocurrencies, and today fortunes are made on them.
So don't miss the opportunity to learn more, interact with like-minded individuals. Thanks to the Trading View platform for providing such an opportunity. Here You can create your own charts, see what others think, and study educational content.
In conclusion, folks, trading is a unique simulator that develops discipline, forecasting skills, responsibility, independence, psychological resilience, and a drive for self-improvement. All You need is diligence, discipline, and a community of like-minded people! Wishing You success!😘
🫶If You found this post interesting, hit the like button or as it's called now (boost) and subscribe so You won't miss out!
Always sincerely yours, Kateryna💙💛
https://www.tradingview.com/x/WZkDZotE/
Here are the top 4 qualities that trading helps to develop:
1. Strategic thinking🧠
Systematic approach and having a well-thought-out strategy distinguish a professional trader from a gambler. Seeing that Bitcoin is rising and immediately buying it – that's not how it works: You need to follow rules to earn not situatively, but in the long term. First and foremost, adhere to risk management, which determines 90% of success.
The main rules of risk management in trading that are useful in any endeavor:
In trading: Invest no more than 1-2% of your deposit in one trade.
In life: Don't put everything at stake for short-term gain: soberly assess what you can risk so you won't regret it later.
In trading: It's not so important how much you earn. It's more important how much you lose or don't lose.
In life: Weigh the pros and cons of every serious decision.
In trading: Diversify risks, invest in different instruments so that potential losses from one asset are offset by profits from another.
In life: Always have a plan B, and preferably plan C as well, to achieve your goal. Because if something can go wrong, it will.
In trading: Cut losses to a minimum, let profits grow.
In life: Don't waste energy, time, and resources on what doesn't bring benefits or doesn't work out. Strengthen what's strong: focus on what You do best.
2.Stress tolerance🫨
Trading is not the easiest way to earn a living: you need to be mentally prepared for both profits and losses, not succumb to emotional impulses, and maintain self-control. Sometimes you have to "rise from the ashes" and start over from scratch. However, just like in life. Only 2-3% of traders have natural resilience: the rest need to develop it.
Here are some tips from me, which I have formulated from my own experience:
"To develop resilience, allow yourself to make mistakes, take on challenges, and solve complex problems. In doing so, you become stronger."
"Learn to be flexible, not confined to your internal boundaries. "
"Don't be afraid to be yourself, to develop internal freedom and individuality, so you can accept your mistakes without criticism. A successful trader is confident, free from societal judgment, and doesn't need to be perfect: they pursue their own goals, not dreams imposed by others."
3. Independence🕊️
One of the main advantages of trading is freedom: there are no bosses above you, you manage your own time and resources, and you are solely responsible for your actions. You decide how, where, and how much to invest, what risks to take, and so on.
The ability to take responsibility for oneself, not blame others for one's mistakes, and be independent in decision-making is a quality that is valued not only in trading. Independent, self-aware individuals progress faster in their careers, build harmonious relationships, and establish large-scale businesses.
4. Developing 🎓
You can't learn trading once and for all: the market is not static, it's constantly changing. Yesterday, for example, only a few knew about cryptocurrencies, and today fortunes are made on them.
So don't miss the opportunity to learn more, interact with like-minded individuals. Thanks to the Trading View platform for providing such an opportunity. Here You can create your own charts, see what others think, and study educational content.
In conclusion, folks, trading is a unique simulator that develops discipline, forecasting skills, responsibility, independence, psychological resilience, and a drive for self-improvement. All You need is diligence, discipline, and a community of like-minded people! Wishing You success!😘
🫶If You found this post interesting, hit the like button or as it's called now (boost) and subscribe so You won't miss out!
Always sincerely yours, Kateryna💙💛
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You need to re-read this! So important information!Note
First you LEarn, then you delete L
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Boost Your TV account🚀
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