Practical · Lesson 11
Mindset — Waiting, Re-entry, and Not Comparing
After this lesson you will
- · Define mindset as setting the plan in advance, and write your own rule as a single sentence.
- · Write in advance what to do while you hold no position, and use that time as preparation time.
- · Separate prediction from response, and write the response for each branch (up, down, sideways) before the price arrives.
- · Write the re-entry criteria in two layers: a minimum interval and a new reason.
- · Fix in advance the rule for the first trade after a large loss and keep it as a sentence.
- · Record for each trade whether you kept your rule, and use the compliance rate (times kept divided by total trades) as the thing you compare against.
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What you will learn is listed above. The beginner course is fully available with just a sign-in, no subscription.
What this lesson covers
- 1. Mindset is not enduring
- 2. Skill when you have no position
- 3. Hold predictions lightly, hold responses firmly
- 4. The standard for re-entry after a stop-loss
- 5. The first trade after a loss
- 6. A thought to let go of
- 7. Even when an announcement comes, follow your standards
- 8. Change what you compare against
- 9. Where approaches split
- 10. Where this lesson connects to risk and technique
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