How to manage your mindset & emotions

Two tips for your Money Monday!

Good Morning! While the stock market tanked on Friday, I want to put your attention on something else … something I believe is potentially much more lucrative and worth your time.    You see, while the Nasdaq was getting pounded … there were two epic squeezes that savvy traders were taking advantage of.    But just seeing these plays in hindsight doesn't help you … You need to be able to execute them in real-time.    Which isn't easy because, as humans, we have to deal with our emotions… And while traders talk a lot about making trading mechanical, we can never completely get rid of emotions — after all, we're not robots.    But you can find a way to harness your emotions in a positive way…   So before you dive head first into Money Monday, get your head right with these tips for mental and emotional clarity…    If you took advantage of the SteadyTrade Team Insight offer — I want to hear from you! What did you think? Do you have questions about our community and how to join?    Simply reply to this email and let me know — your feedback and questions could be featured in a future issue! Tips for Managing Your Mindset and Emotions Pagaya Technologies Ltd. (NASDAQ: PGY) and ToughBuilt Industries, Inc. (NASDAQ: TBLT) were some beautiful Friday squeezers.    If you missed out on the moves and you're bummed out — it's okay. You're not alone.    And there will always be another one. That's why we trade these types of trashy penny stocks…    The patterns repeat.    So instead of wallowing in your regret, or beating yourself up for making a mistake — learn from it.    And use the lessons to get better for the next trade.    Here are some ways to help you improve your mindset and regulate your emotions to improve your trading…   Self Awareness   As traders, we try to be as mechanical as we can. It's all about having a process and refining it…    But as humans, we have emotions. You can't get rid of them. You have to learn how to manage them.    And sometimes instead of ignoring them, it's good to listen to them…   If you're feeling really good and have a good mindset … You've had some good trades and things are clicking — that's when you can be more aggressive in your trading approach.    But if you're struggling, frustrated, or you just had a fight with your spouse or kids … That's probably not the best time to take speculative trades or use big size.    You want to focus more on your bread and butter patterns, size down, and wait for afternoon setups.    PGY offered a great afternoon opportunity on Friday.   So before you trade, check in with yourself daily. Some traders like to meditate. I like to stick to my morning routine and read books during my downtime...    The book, "The Daily Trading Coach" by Brett Steenbarger is an incredible resource to help you get your mindset right every day. (As an Amazon Associate, we earn from qualifying purchases.)   It's broken down into small chunks so you can read a small piece every morning. That can help you keep your mindset and emotions aimed toward your goals.    Talk (Or Type) It Out Another great way to regulate your emotions and mentality is to have a trading buddy — or a few…    In the SteadyTrade Team, our members are always encouraging each other.    No trader is perfect. Bad days or weeks are part of trading. And if you make a mistake, chances are another trader has made them too…    Don't underestimate the power of talking out your emotions and trading ideas.    Trading's a lonely profession. And a lot of successful traders will tell you that networking and joining a community were imperative to their success.  Get feedback and support when you need it in the SteadyTrade Team...  That can help you keep going when trading gets tough.    Have a great day everyone. I'll see you back here tomorrow.    Tim Bohen Lead Trainer, StocksToTrade sponsored Accelerate the Growth of Your Trading Account in the Next 46 Days? If you've struggled to get your trading going this year, this is a must-see event of 2022.   Because according to multi-millionaire trader, Tim Sykes, you could potentially add an extra 0 to your trading account in the next 46 days.    This recent stock market crash has opened up a strange profit window allowing traders to accelerate their trading accounts 10X or more in the matter of weeks.   This has only happened twice before, once in 2009, after the housing crash…    Once in 2020, after the Covid crash…    And it's happening again right now.    Simply click here to register and we'll save your seat for Tim Sykes 46-Day Account Accelerator this Thursday, July 28th, at 8pm ET. sponsored Why Elon Musk is Probably Laughing Right Now These days it seems like everybody wants to take their shot at Elon Musk.   And yet – Tim Bohen thinks he's gotta be laughing his ass off right now.   Why?   Because of what he's predicting could happen on or around July 25th.   You'll see what he means when you watch this video.   Go here to watch this now before it's too late. Recommended Membership Gifts ACCESS NOW: Click to activate these complimentary membership gifts and receive daily market intel. To The Moon Report Weekly Stock & Crypto Watchlist Stock Market Safety Course By Millionaire Trader Tim Sykes   Click Here to Unsubscribe   (As an Amazon Associate, we earn from qualifying purchases.)   13809 Research Boulevard, Suite 500, Austin, TX 78750   *Please note that these kinds of trading results are not typical. Most traders lose money. It takes years of dedication, hard work, and discipline to learn how to trade, and individual results will vary. Trading is inherently risky. Before making any trades, remember to do your due diligence and never risk more than you can afford to lose.   This is for informational purposes only as StocksToTrade is not registered as a securities broker-dealer or an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund.   StocksToTrade cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing.   StocksToTrade in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, StocksToTrade accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.   Copyright © StocksToTrade.com