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Adopting A Winning Mindset Of Profitable Stock Traders

Yes, the charts and balance sheets are important. However, there are many other equally-important elements of successful stock trading, some of which cannot be empirically characterized. Traders’ psychological state is one of them.

It’s not a prevalent part of our conversations, but it should. It’s not something that many stock trading courses discuss, but they should. The profitable stock traders, outside technically proficient, are also emotionally strong with a solid psychological framework. So, the next time when you audit a trade, also factor the mindset of that trader – what were they thinking, why did they take that risk, how they felt before making that move, what did they feel after seeing the outcome. One must consider such questions critically so as to understand what leads some traders to make profitable trades. The beginners, in particular, should care about these nuances of a winning mindset to stay on the right path from the get.

Do You Have The Right Psychological Framework?

There are no hard written rules and parameters to it to recognize whether you have that psychological state of a winning stock trader – or at least know where you stand if it were on a 0-10 scale.

That said though, there are a few signs that can give you a fair idea of your emotional and psychological adeptness. For the starters, you can audit yourself to closely point out your fears, greed, mood, patience, and persistence when trading. Here are some of the signs that you don’t want:

  • Before making any trade, you get this paralyzing fear that has, at times, even stopped you from making any move.
  • You don’t take the necessary risks that are, in reality, a core part of the journey to building a high-worth portfolio.
  • You’re not playing a long-term game. You want to make money – and you want to make it quickly.
  • Losing money is really, really hard for you. You stop thinking clearly. After a loss, you start lamenting, blaming and judging yourself.
  • You don’t have a proper daily routine as a stock trader. And even if you do, you rarely stick to it religiously.
  • You regularly push your take-profit position upwards because greed gets the best of you.
  • You lack the discipline of taking time out every day to read the charts, consume the right media, and do your own research.

These are some very common signs, among various others, that hint at your frail mindset, which will inevitably lead you to big losses and, at large, unhappiness. After all, what kind of trader you are also tells a whole lot of story about what kind of person you are. Give this article a quick read: How Stock Trading Turns You Into a Better (And Happier) Person?

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Building The Winner’s Mindset

Now, if you do see yourself lagging with a weaker emotional framework, it’s essential that you don’t judge yourself and be fine with it at first. Most of us do not inherit these psychological elements. Over the course of life, just like any trait, we adopt them – sometimes proactively on the back of consistent learning, other times it comes passively due to circumstances and habits.

So, the good thing is that you can actually build a winner’s mindset to become a successful trader. Only a hitch here is that it requires a lot of work, persistence, and patience. Broadly put, here are the two things you need to do:

Make Active Improvements

Unless you’re actually working to make improvements, the desired change won’t knock at your door. It’s as simple as that. So, if you’re looking to create a strong psychological framework for yourself wherein you deal with your emotions effectively and constructively, you must put in the work. It all starts with having good physical and psychological health. If you’re feeling good, both physically and in your head, you will often find yourself on the right side of the lane, making better decisions. With a positive outlook, you would be able to combat fear, irrationality, impatience, and other undesired traits much better. So, if you don’t already, take measures to improve your health. Eat the right foods, exercise, meditate, do yoga. Spend at least an hour in these activities every day.

Next, a big part of “make active improvements” is improving your technical skills. You fear taking risks – may be because your trading strategy isn’t well-thought. You feel devastated after losing– maybe because you didn’t have a proper risk management strategy. You don’t like spending time in analyzing the market daily – may be because you don’t know much about technical analysis. A strong psychological framework comes easily, and often naturally, with the security that technical proficiency provides. So, do take steps in improving your technical knowledge and skills. Go beyond asking the basic questions like “how to become a stock trader” and enroll yourself in good stock trading courses that cover advanced concepts of technical analysis like time frame divergence and RSI flare zones.

Take Actions and Gain Experience

The fundamental traits like courage, patience, persistence, work ethics, clarity, and more cannot be learned in a day or two after reading a few articles and books. They are progressively formed in your core personality. And this happens only when you expose yourself to situations that stimulate their growth. In layman’s, it means that just knowing isn’t sufficient. You must take regular actions to put yourself in situations where you experience the different dynamics of stock trading. You cannot learn to tackle the fear of high-stake trading unless you put yourself in that fearful situation. Makes sense?

So, do make trades often. Experience the market first-hand. Control your emotions when you expect a loss. Keep your trading strategy intact whenever you “feel” the need to change it. Take well-calculated risks. The more actions you take, the more experience you will gain. And over the course of months and years, this accumulated experience will form the backbone of a strong psychological framework that a successful stock trader requires.


In the end, building a high-worth portfolio is about so many different things coming together and hitting the right chords. A large part of it includes a strong psychological framework that enables you to better control your emotions. So, if you’re a stock trader, aside from the technicalities of the game, also focus on the mental strength that this game demands. Create a positive psychological infrastructure around you and adopt a winner’s mindset.

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