Recondition your mind to see money saved as money earned

[Tobi]

This is probably my favorite way to increase profitability as a Forex trader.

There seems to be this unspoken belief in the trading world that if you aren’t in a position you’re somehow missing out.

In other words, if you aren’t trading you’re losing.

This couldn’t be further from the truth. The fact is that trading when there’s nothing to do just so you can claim to be trading is a surefire way to blow your account.

Think of it this way, it takes a 100% gain to recover from a 50% loss. So if you started with $10,000 and lost $5,000, you’d have to double your money just to get back to your starting balance.

The best way to overcome trading for the sake of trading is to learn to enjoy being on the sideline.

Convince yourself that protecting your capital is far more important than growing your account balance. That’s how you make it to the next level of your trading career.

 

[gwolf666]

I couldn’t agree more with your point about learning to stay on the sidelines when the market isn’t offering clear opportunities. In my early days of trading, I fell into that trap of believing I always had to be “in the game.” I would open positions just because I felt like I was missing out, and more often than not, those trades ended up being the ones that drained my account the fastest. It took me some painful losses to understand that sometimes the best trade really is no trade at all.
What really shifted my mindset was reframing my goals. Instead of thinking “I need to make money today,” I started thinking “I need to protect my capital today.” That small change helped me approach trading with more patience and discipline. It’s amazing how quickly your results improve once you stop forcing setups and wait for high-probability entries.

 

[eLdavis]

I once met a coach that says spend more time studying chats and the market than actually trading. This way you get to loose less.