#2 - The FIVE RIGHT mindset to be a profitable trader

All of us have dream to be success in this career to do anything we want. - Having a freedom life without deadline and stressful stuffs. - Buying anything we want : a new house, a brand new cars. - Eating anything without worrying about prices. - Travel anywhere we want ... All of those things will be come true if you're top 1% person. Top 1% in bussiness, top 1% singer, top 1% traders.... That's the first mindset. Let's be top 1% person by your big dream and hard working.

I have to tell you the truth that only trading is more difficult than you thought. 99% traders cannot earn money consistency from this market, they can show you the profit today but all of them will be blowed on the next months. They cannot live with trading for a long time. It doesn't have meaning. Let's change the way you work Let's change the way you live To be top 1% person. The 2nd mindset is, Learning to trade takes a lot of time. By yourself only, it takes 4 - 5 years to be profitable trader. With detailed courses, it takes 6 - 12 months and longer or shorter depends on trader's ablity. With teachers's monitoring, it takes 3 - 6 months like my Boot-camp. So, you should be paitent to learn always. You cannot be success in a single day. If a job is so easy to earn money, all people will come here to take profit and you will not have a chance to earn big money and make dream come true. Difficulty = high income. Remember that, my trader !

The 3rd mindset is, you cannot earn big money with small captital. When I start my trading career, I only have 200$ to start trading. I can earn 100$ profit within a month, it means 50% profit. But they were blowed because the wrong mindset here. I tried to search and read about professional traders. Surprisingly, they only earn 4 - 5% profit in a single month. Retalied traders can earn 10 - 15%, that's reasonable and this results can be diffitent depends on market condition. So, I change my mind about profit expectation. From 100% to 10% only, my trading strategy was improved more exactly and the emotion also enhanced a lot. If you want to earn 1000$ to pay your bills, let's manage 10,000$. Please don't try to earn 1000$ from your 500$ capital. It is gambling, you will lose them all in very near future. I mean both profit and capital. Now, we have many way to manage 10,000$ and even 1m$ with small fees like prop firm company, so you can have a good environment to practice and start your career. Just need to focus to improve your skills become professional trader who is ready to manage them. For example : You should pay 167$ to have chance to mange 10,000$ 372$ to manage 50,000$ Around 1000$ to manage 200,000$ Total capital you can manage up to 400,000$ Of course, you need to pass their 2 judgement phases always. But, what happen with your life if you can manage 400,000$ and earn 10% per month. It is 40,000$ income comparing with your 1000$ salary now. I guess your life will change immediately 180 degrees. So, the problem is .... improve your trading ability only to become top 1% trader. That's it. You only need to earn 10% profit, not 50% or 100% profit as newbie's dream. The next mindset is, Trading is flexible. All strategy cannot give you 100% winrate even mine. Let's refer my performance on May/2023 here, you will see my winrate is around 66.67% only, but I still can earn 8% on the difficult market like May 2023.

My market cycle knowledge on level 3 course can help you to understand all the story from Montly chart to 1 minutes chart. But, it takes too much time to analyze and update chart. So, we choose to analyze with H4 - H1 - M15, but the story on D1 can effect to H4 story that we cannot know to avoid. I call it as posibility of strategy, I will use risk management to reduce it. And when market comes into my trading edge, my big profit will come. Totally, I am profitable and consistency trader with my consistency rules. I can trade more comfortable. The last mindset is, we manage the trade, not money. When you opened the trade, let's forget how many profit you earnt, let's focus on the chart to know how did your price move? Is there any risky zone to control ? That's it. If you focus on the number of $ running up and down during the trade is opening, market will manipulate you definitely. This mindset is very simple but I have to write down here to help you undertand them better. If you forgot it, your learning process will be longer a lot as I did and wasted my time for this beautiful life. Happy trading, traders, Warm regards, CEO NCI, Jayce PHAM