065 | Mindset of The Top 5% of Traders

There's always a floating stat out there the talks about the stark reality of 90 to 95% of traders fail.

But instead of dwelling on the reasons for failure, we shift our focus to the secrets behind the success of the elusive 5%. What sets these successful traders apart? The answer lies in their mastery of two critical types of consistency.

First, we explore the importance of journaling and documenting every trade, a practice often neglected by the majority but embraced by the successful few.

Then, we go deeper, into the consistency of a mindset towards trading itself; understanding that losses are not just part of the game, but included in a profitable trading system.

Show Notes:

Prop Firm Stats:

https://learnforexwithdapo.com/prop-firm-statistics/

SMB Capital post:

https://www.smbtraining.com/blog/the-failure-rate-of-a-proprietary-trader

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Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.

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