The Mindset Shift
If you are one of those traders who still think that money is made by trading or not, will I ever be profitable or not? Should I trade or leave it? And some people will still see their trading go down. Every day, after spending 8 hours on the screen, they are not making a consistent profit.
So believe me, it’s not your strategy; it’s a problem with your thinking. And this thinking will bring you back to where you started. But today, I am going to give you a blueprint that will completely change your thinking, your execution, and your trading results.
This is the tested, proven mindset that an average trader can become a silent millionaire.
1. Focus on the Process, Not the Outcome
You have to focus on the process to become a pro-level, profitable trader. You should not focus too much on the outcome, i.e., money. When most people enter trading, they don’t want to become skilled traders. They just want to sit at their desk, click on knowledge, and mouse and earn money like magic.
But trading is not like that. It’s not as simple as people think. The traders who really focus on skill and proficiency make money for a long time. When you are more obsessed with the outcome and money, money runs away from you. Then, at the end of the day, you only look at the red and green panels. Not on the process that can make you a successful trader.
I have never seen a pro-level skilled trader who is not making money. So if you are in trading and not getting the results you want, ask yourself: Are you running after money, or are you focusing on the process?
2. Master Risk Management
It depends on your trading risk management and limiting losses. Many traders and investors make money, but they are unable to retain it. As a trader, our first goal is not to make money. Our first task should be to save our capital. Only if we save capital can we talk about profit.
Most people think that by learning more strategies or learning ICT Fair Value Gap on YouTube, they can become more profitable. But this is not the real way. The fastest and easiest way is to minimize your losses.
This requires a completely different mindset. When you look at a setup, your first thought should be: if this trade fails, how much will the loss be? Not that if it is a target, then how much profit?
The reality is that we are traders. There is no 100% win rate.
Sometimes trades fail, and this is completely normal. This should be your mindset: How can I minimize my losses? If you learn to limit losses, then you can earn more money without a new strategy. Become a risk manager because, in the end, that’s what we are.
3. Build the Right Foundation
You have to position yourself in the right place from the beginning. And this is what most people do wrong. According to the stats, 40% option traders quit in a month. If you want success in a month, that’s unrealistic.
Most people jump into the real market without proper training. Why are you not doing demo trading for your real money risk? Why are you not focusing on education?
Think about it. When you go to a doctor, engineer, or any professional field, you go to college, spend 10-15 lakhs, and invest for 4 years. People try trading for a month and then say it’s a scam. It’s a gamble. If you want to become a trader, first of all, give yourself the right foundation.
Trade papers. Make a proper system. Don’t take random trades. Do you have any methodology? Are you using a consistent approach? Don’t treat this as a get-rich-quick scheme.
4. The Power of Mentorship and Discipline
Seek out a mentor or trading community. I struggled for years until I found a mentor who accelerated my improvement. Guidance can save time and provide direction.
The Root Problem: Discipline
Lack of discipline leads to over-trading, revenge trading, or FOMO. Many struggle to stick to their plan or manage risk. The answer is discipline.
You are not profitable because you are not disciplined. Discipline means following your plan. And controlling your emotions. So you don’t have to think about how to stop in FOMO. You should consider how to hold yourself accountable.
I am profitable because I am an expert in limiting losses.
I have losing trades too, but they’re small because I work with discipline and hold myself accountable. Many of you are close to success but are held back by a lack of disciplined action. You know what to do, but don’t act on it.
How to become disciplined?
- Every day at the same time.
- Make a habit of morning preparation.
- Make an accountable plan.
- Strategy, rule, risk management, execution.
- Everything should be defined.
Consistency in action. Consistency in results. Consistency in profit. Discipline is the root problem of every trading issue.
Lastly, let’s cover the D.E.A.R. Framework, which ties together everything we’ve discussed.
D means develop.
E means execute.
A means analysis.
R means refine.
If you follow the P.E.A.R. process on a monthly basis. Then with a mentor. Limit the risk. Maintain discipline. Then you can become 100% profitable.
Step 1. Make a proper plan. Step 2. Execute the plan strictly. Step 3. Deeply analyze the executed trades. What was right? What needs to be improved? Step 4. Refine your strategy on the basis of that analysis. Then cycle again.
Commit to this framework continuously. You will see guaranteed improvement and profitability. Follow the steps with discipline, and begin now to experience the results for yourself.
