Indices Trade Machine

How to Become a Index Trader Through Indices Psychology

When it comes to indices trading as a trader you will need to execute your stock trades like a indices trading machine, without any emotions, or without being swayed by trading price movement that the price has moved up so much that you now need to open a indices buy trade because the up move has really moved some pips.

So to trade like a indices trading machine as a trader you need to transform your indices psychology. To transform your indices psychology then you'll require to write down rules which you will follow in your indices plan.

The illustration explained & illustrated below shows how to write the psychology rules

MINDSET/PSYCHOLOGY

Trade without Emotions (greediness, fear, anticipation, impulse, bias, over-excitement)
I trade what my eyes see not what I feel.
I'll be patient.

My job description isn't to be the trading system!

It is not to decide which trades looks promising & which does not.

That is the job of my trading system. My system has got a set of trade rules which tell me this is what I follow. Don't get caught up and wrapped up in price action & make rules as you go along.

MY JOB DESCRIPTION IS

To sit patiently and wait out for my system to indicate that it is time to enter or it is time to exit. And then with maximum concentration I execute the trade position as planned.

Opening trade transactions not given by the system, second-guessing system & not taking trade transactions given, hesitating and getting in late, anticipating & getting in trades early are all common-place and boil down to lack of faith in system and not having a burning desire on accurate trade execution.

GOAL: To have 100 % undivided resolve on mastering the ability to execute my trade system accurately.

More you develop your ability to step back from trading price movement & watch trading market calmly, waiting for a trading signal to trade, the easier it will be to witness the oscillations of your trading emotions without getting sucked in to them allowing them to throw you off your game.

By writing indices psychology rules like the ones above then as a trader you'll begin to follow your stock indices system & trade more like a indices trading machine would if the system you are indices trading with was to be automated.

The more you as a trader follow these indices psychology rules the easier it'll become to trade the market without being influenced by the various market movements.

Always make sure that you're opening a trade because the guidelines of your trading system have been met and a signal has been generated and not because you have seen the market jump and so now you decide it is time to buy.

By following a system then you'll be able to trade more like a indices trading machine and follow the rules of your stock indices system and your trading will become more profitable.

Changing your indices psychology won't be easy and that is why as a trader you must constantly make an effort to follow the rules of indices psychology that you write on your indices plan until the time you master these rule and you as a trader can now trade the market without emotions and trade like a indices trading machine.

To learn and know more about indices psychology study the following indices psychology tutorial

Indices Psychology for Indices Traders.

Study More Tutorials:

Trade Stock Indices

How to Become a Index Trader Through Indices Psychology