Aloha! We are Glenn & Reid, founders of Hawai'i Trading Academy.
Positive Expectancy - What is Positive Expectancy?
Mark Douglas, famous trader states - “Remember our definition of a winning attitude: a positive expectation of your efforts with an acceptance that whatever results you get are a perfect reflection of your level of development and what you need to learn to do better.”
“Expectancy Definition: the state of thinking or hoping that something, especially something pleasant, will happen or be the case.“
Reid share’s his story about overcoming a multiple series of consecutive losses in a row and how having/knowing his plan’s “Positive Expectancy”, He was able to overcome the negative self-talk and back in profit.
Ways to increase expectancy: analyze your trading and small areas in which you can improve 1% on each trade. This could look like risk management, trade quality, trade quantity, following your plan, just a few points to name and get stats from.
Review for journal.
Track your progress.
set goals like: Win 1 more, Lose a little less.
find out if you should let it run or Close it out?
only you can be the determining factor.
Our mission: Cultivate profitable (and ultimately funded) traders.
Our ethos: Be honest and transparent as we build our content off of what we consider three pillars of successful trading: Psychology, Risk Management, and Strategy refinement.
We hope to provide you a solid foundation, continuing education, and a resilient community of like-minded individuals after becoming profitable or funded.
Links below for more information about Trading Education in Hawai'i.
Network: https://hawai-i-trading-academy.mn.co
Website: https://bit.ly/HawaiiTrading
IG: https://bit.ly/HTAig
Twitter: https://twitter.com/hawaiitrading
Mahalo for listening.
Safe Trading & Stay Blessed!