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RE: Mindset #14 - 6 Traits of Highly Successful Traders
Calm state of mind is the key to all of it honestly. I use to panic sell or try and cut my losses which is what most people would do. Instead you need to do the oposit of money people. Well the selling goes in full swing we good traders buy buy buy!
The majority of market participants are dumb money that come late to the party without any real conviction. Market moves are driven by future predictions and take advantage. Having a contrarian mindset like you have said, is definitely an advantage.