What is Your Circle of Control in Trading?
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Focus your energy on what’s important
Letting go of the outcome
You cannot control the outcome, but you can control your actions and emotions
Do not focus on the $ and P&L fluctuations
Sports analogy: Don’t focus on the score!
Big picture: individual trades do not matter
Read more: Is Trading really Risky like Gambling? (How to Trade Like a Casino)
If you would like to learn more about trading psychology, also check out: “The Complete Guide to Investing & Trading Psychology”
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
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