Mental Analysis: Developing a Trader’s Mindset

Laurence TaylorCrush Pro Teams, Mental Analysis, NewsLeave a Comment

Developing a trader’s mindset is critical to your success. Trading is an unnatural endeavor and you must develop the mental skills to be able to truly accept the risks, make decisions with incomplete information, and create the disciplines to follow your trading plan in order to achieve consistency.

Mark Douglas, a world class trader and one of the top trading coaches, has presented his work through his books “The Disciplined Trader” and “Trading in the Zone”. We highly recommend adding these 2 books to your library, and when you start hearing voices in your head, pick them up and read them. It’s our innate negative biases which ultimately cause us to make the wrong decisions.

Through his “5 Trading Truths” and “7 principles of Consistency”, he lays out the problem most traders face and simple steps to take in order to manage and ultimately change your views to think like a trader. All that is required is that you accept them and have the discipline to put them into practice. We work with you to understand and implement these concepts in our Mental Analysis Course, and then you gain real trading experience with one of our Crush Pro Teams.

We are focused on working with traders to understand what a trader’s mindset is and proceed through our complete training program towards trading maturity. All traders go through three phases, from the complete beginner to gaining the knowledge and skills to finally becoming a Master Trader. Unfortunately, not many traders will make it through and the biggest hurdle is their inability to develop the right mindset for trading.

Crush Pro Levels

Newbie – Beginner – Novice – Advanced – Master Trader

Through our 5 levels you will learn not only trading skills and strategies that work, but you will also work closely with other traders to share opportunities, trade and review your results. This is a key component to gaining the necessary experience to improve your mental game. Check out our article explaining the Path to Master Trader for more details.

All along this process to becoming a successful independent trader you are rewarded for learning, sharing, helping others and pretty much every activity you complete giving you big discounts as discussed in our Crush Rewards Program.

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