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In the game of trading and investing, the goal is not to make once-off huge bets and have large swings in your portfolio based on your luck.
The ultimate goal is to achieve consistent returns over the long-run.
And to achieve this consistency, traders will not only need to have a good trading plan, but will also need to master the psychological and mental aspect to be able to execute the plan flawlessly over and over again.
Your mind is your greatest asset, and also your greatest enemy.
Hence, you can think of consistency as a state of mind, where despite the outcome of any trade (win or lose), and despite your current mental state, you can continue to perform and execute your plan in a consistent manner.
Consistency = Repeatability
Repeatability = Scalability
Scalability = $$$
If you want to make it big, and trade a large trading account, you first need to master trading a small account.
If you can consistently trade a small account, it means you can repeat the results and performance onto a larger account.
So this will allow you to scale up, and trade a larger account.
If you try to scale up without consistency, then you will see large swings in the capital of your trading account, and it is only a matter of time before you blow the account.
So how can one master trading psychology and achieve the ideal mental state?
Our flagship mentoring program is suitable for both beginners and advanced traders, covering the 4 strategies which I used over the past 15 years to build up my 7-figure personal trading portfolio.
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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.