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Welcome traders,
Every trader knows that success isn't just about executing trades—it's about understanding both the market and yourself. The ability to stay disciplined, manage risk, and make rational decisions under pressure is what separates consistent traders from the rest. While technical skills are important, actual improvement comes from recognising the mental and behavioural patterns that influence our actions in the markets.
This week, we focus on two key aspects of trading. First, we examine how deeper self-awareness can lead to better decision-making and stronger trading discipline. Understanding your personality can help refine your approach and avoid common emotional pitfalls. Then, we explore a practical strategy for maximising profits by scaling into winning trades—an approach that allows traders to make the most of strong market trends without increasing unnecessary risk.
The key economic events of the week included: |
- FOMC Meeting Minutes – insights into the Federal Reserve's stance on future monetary policy.
- Unemployment Claims – the latest data from the US labour market.
- Flash Manufacturing PMI & Flash Services PMI – early data reflecting economic momentum.
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Don't forget to check the latest Weekly Market Recap. |
| Know your personality and become a better trader | The way we behave in the markets is often influenced by deep psychological patterns. Do you make decisions like an adult, a parent, or a child? Recognising these behavioural states can help you identify emotional triggers, stay disciplined, and improve your trading results. Self-awareness is a powerful tool—learn to use it to your advantage. | |
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| How to use the power of the trend to achieve higher profits | Every trader's ultimate goal is to maximise profits while minimising losses. One effective way to do this is by scaling into a winning trade. Instead of closing a position too early or hesitating to take advantage of strong market trends, experienced traders know how to adjust their position sizing dynamically. Discover how to implement this approach and make the most of market momentum. | |
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| “Ignore the money and focus on the trade” | Many traders become overly focused on the potential gains or losses in their pursuit of the highest returns. This mindset often leads to unnecessary pressure, particularly when managing a larger account. Instead, it’s essential to concentrate on executing your trades, sticking to your strategy, and maintaining strict risk management. Avoid being distracted by the numbers on the screen. Even our new FTMO Traders recognize the value of adopting this disciplined approach. | |
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Trade up to $200,000 |
on an FTMO Account |
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