Let's acquire the mindset of a winning trader

"A Man Who Can Move the Nikkei Average by His Own Power: Investment Philosophy"

Author: cis

It seems that the author cis earned about 23 billion yen, which is an enormous amount of money.

From just reading the reviews, it appears to be something like a memoir.

There were reviews like this,

"Half of it is a whitewashed tale of heroism, and half is a cliché market theories. There are many things that show that the author knows about tight stop losses in detail."

Tight stop-loss discipline

Perhaps everyone already knows this, but that alone shows how important it is.

Knowing something and being able to do it are different, right?

With a "win rate of 30%" the losses are many, but the gains are larger, so overall you win.

• It doesn’t make sense to think in terms of wins and losses in stock trading.

• The most important thing in stock trading is rapid stop-loss.

• It’s about whether you are making the right decision as a process rather than the result.

• You must not run away from failure. Failure is natural; the question is how to minimize it.

Again, you can see the common way of thinking among those who are successful.

Rapid stop-loss, the process is more important than the result.

The result doesn’t matter.

"Are you making a suitable trade?"

It’s about whether you are making an advantageous trade.

If you can trade like that, you will ultimately win overall, so each individual result doesn’t matter.

If you know stop-loss is important but cannot do it, probably because there is no basis for your entry.

First, learn a well-founded entry.

If you understand and can implement a well-founded entry, the point where the basis collapses becomes your stop-loss point, so you can place a pre-set stop-loss order there.

Enter and if the price moves against you, it will automatically stop out.

If you understand the basis, you will be able to accept that you stopped out because the basis collapsed.

When I consult or read members’ blogs, there is never a complaint like, "I can’t stop out.".

Even if you know you should stop out, you won’t experience large losses, average down, and end up in trouble, I don’t think so.

I think it’s because with proper study you can make well-founded entries.

Recently, I received a report like this.

In a demo trade, profits for three consecutive months, and planning to switch to real-money trading next year, very exciting.

"If you don’t do unnecessary things and continue with well-founded trades, you can feel that you will be cumulatively positive."

Exactly this!

December market was a bit difficult, I think.

I also received the three-month results, and the win rate in December was 38%.

Even with a not-high win rate, you can stay positive overall. Wonderful.

Because you have well-founded entries and you can stop out properly, you become profitable.

When you go on a losing streak or the win rate is not good, many people break their rules due to mental strain, but

persevering to the end and sensing overall profit is a very significant experience.

In the end, if you trade with a well-founded basis, you will win overall, you won’t worry about near-term stop-outs or losing streaks, and you can trade calmly.

As cis writes,

Are you making trades with a proper process rather than focusing on the result?

This becomes the focus.

This is the mindset of a winning trader, isn’t it?

There are many methods; there are various strategies, but winning people share a common mindset.

To become a winning trader,

You need to adopt a winning trader’s mindset.

I learned about cis this year.

It circulated on Twitter and people called him a "god."

He also trades FX, and many were surprised when he shorted USD/JPY early, which looked amazing to everyone.

It felt like shorting as the price fell from the top.

I had already explained the shorting strategy earlier in the member blog!

In a past article linked below, it was about cis.

How to Reproduce a Winning Method

It’s not that I am better or earlier at entries. Different methods cannot be simply compared for who is better.

Someone who can earn 23 billion yen is at a genius level, I think.

However, even if you are not a genius, you can short USD/JPY and win in trading; that is what I want to say.

Summary of this time

Winning traders share a common mindset and thinking, even if their methods differ

To become a winning trader, you must adopt a winning trader’s thinking

I’m on Twitter:https://twitter.com/takashipyo

I post trading videos:Trades that turned 100,000 yen into 1,000,000 yen