50 on Markets

Just a quick note to let you know that we have finished the first round of ‘Thought of the Day’ posts in the 50 on Markets category of the blog. The idea for this series came following the popularity of the Friday Musings entry and all the positive feedback asking to expand on the post. As usual, a big thank you to all of those that shared/liked/commented on the post as this is the best way for us to know what content is most useful and what topics are worth exploring in more detail.

If you missed this series, I would definitely try and find the time to go through these 50 thoughts > LINK.

 

Thought of the Day

“It would not be natural to not have to deal with all kinds of emotions but it is essential to understand that a low, focused and consistent level of intensity is key. The vast majority of people that become proficient have learned the importance of keeping a level-head and tend to reflect this kind of attitude. The calmer you are, the more focused you can keep yourself and the more effective you are at executing.”

– 50Pips

Thought of the Day

“It may help to keep in mind that no one said that this was going to be easy. This doesn’t mean that the basics are not simple but like all fascinating and captivating games, the actual practice is far from easy. Embrace this, for this is exactly why it’s worth playing and trying to master.”

– 50Pips

Thought of the Day

“You should never be in a position where the outcome of one single trade could change your life; neither for the good, nor for the bad. Once you really internalize this – and it’s a lot harder to do than it may seem on the surface of things – then you are ready to start working on consistency and longevity in a professional manner.”

– 50Pips

Thought of the Day

“As strange as it may seem, you need to be open to learn and ready to move to the next level. Sometimes, the time is just not right. Be patient, learn to walk before attempting to run and the path should end up being that little bit smoother…”

– 50Pips

Thought of the Day

“In order to put yourself in a condition to succeed, it’s imperative to have realistic expectations.”

– 50Pips

Thought of the Day

“Goal setting is a lot harder than it may seem. For a lot of people, consciously or not, there is a real struggle between setting goals that are either too easy or completely unrealistic. It’s important to set smaller milestones in the context of a bigger picture/plan.”

– 50Pips

Thought of the Day

“If you are trading scared, you should not be trading at all. Go back to the drawing board, get back to basics. There is no point in making things harder than they should be. You can lie to yourself on the surface but not deep down inside. If you don’t really know what you are doing, you will probably not be feeling comfortable and this should not come as a surprise.”

– 50Pips

Thought of the Day

“Remember that the real edge is at extremes because that is where asymmetric risk/reward comes into play.”

– 50Pips