Becoming A “Jedi” In The Stock Market | PB University LITE 25/50

Becoming A "Jedi" In The Market

I’m Meta Matt, Director of Education and welcome to PB University LITE! This is a 50 Class Trading 101 Series geared towards both new and veteran traders alike! We go over everything from Trading Psychology, Technical Analysis, and Options Trading to Commodity Trading, Forex, and more!! This 50 Class series is not designed be taken in order, it is instead designed for traders to browse and pick which classes interest them. I will include the list of classes at the bottom of this page.

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One of the most effective ways to master your emotions is to keep a trading journal. By documenting your thoughts, feelings, and actions before, during, and after each trade, you can identify patterns in your behavior and emotional responses. This information can help you make better decisions by avoiding actions that lead to negative outcomes and replicating those that generate positive results.

Meditation is another powerful tool that can help you master your emotions. Through regular practice, you can develop the ability to observe your thoughts and emotions without judgment, which can help you stay calm and focused in high-pressure situations. Meditation can also help you improve your concentration and decision-making abilities, making you more resilient to emotional disturbances.

When faced with strong emotions, it's essential to take a step back and adopt a more objective perspective. In other words, you need to channel your inner Jedi. In Star Wars, Jedi Masters are known for their ability to remain calm and objective in the face of danger, making them formidable opponents. By tapping into this mindset, you can develop a more objective perspective that allows you to make better decisions.

Risk management is another critical factor in becoming a successful trader. It's essential to have a well-defined risk management plan in place before entering any trade. 

This plan should include a clear entry and exit strategy, a stop-loss level, and profit targets. By having a plan in place, you can minimize your risks while maximizing your profits.

Position sizing is another essential aspect of risk management. It involves adjusting the size of your trades based on the level of risk involved. By using position sizing, you can increase the size of your winning trades while minimizing the impact of your losing trades. 

This strategy can help you manage your risk and avoid significant losses that can impact your overall performance.

Diversification is another key strategy for managing risk. Don't put all your eggs in one basket. Spread your investments across different sectors and asset classes to reduce the impact of any single market event. This strategy can help you minimize your risks and protect your portfolio against unexpected losses.

Perseverance is also an essential trait for successful traders. The road to success is not always easy, and traders will face many setbacks, losses, and failures. However, successful traders know that these setbacks are an essential part of the learning process. By persevering through these challenges, you can learn from your mistakes, refine your strategy, and adapt to changing market conditions.

In summary, becoming a Jedi in the market requires mastering your emotions, managing your risks, and persevering through challenges. 

By keeping a trading journal, practicing meditation, and channeling your inner Jedi, you can develop the emotional intelligence and objectivity required for success. 

By implementing a solid risk management plan, using position sizing, and diversifying your investments, you can minimize your risks and protect your portfolio against unexpected losses. 

Finally, by persevering through setbacks and adapting to changing market conditions, you can become a successful trader and achieve your financial goals.

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PB University LITE Class List

1) Trading Terminology
2) Stock Market Indices
3) Common, Preferred, and Penny Stocks
4) Diversification of Assets
5) Fundamental Analysis Made Easy
6) Technical Analysis Made Easy
7) Risk Management In The Market
8) Portfolio Management
9) How To Follow Market News
10) Trading Psychology
11) Options Explained
12) The Greeks In Options Trading
13) How To Short Sell Options
14) Covered CALLS
15) Spread Trading
16) Online Brokers for Options Trading
17) Implied Volatility Calculators & Tools
18) Protective PUTS
19) Iron Condors
20) Straddles
21) Reading Level 2
22) Taxes
23) Trading Psychology Techniques
24) The Art Of Trading
25) Becoming A Jedi In The Stock Market
26) Futures Trading Explained
27) Commodity Trading 101
28) Regulatory Environments
29) How To Become A Millionaire
30) $100K In 100 Days
31) Wash Sale Rule
32) Behavioral Finance Part 1
33) Behavioral Finance Part 2
34) 5 Charting Indicators
35) Fair Value Gap
36) Insider Trading and Market Manipulation
37) Stock Chart Types
38) Moving Averages 101
39) Base vs Precious Metals
40) Electricity Trading 101
41) Trading Brokers 101
42) 5 Trading Strategies
43) 85% Trading Rule
44) Are Win Rates A Scam?
45) Futures Trading 101
46) ATR Indicator Strategy With The Greeks
47) MACD Indicator 101
48) Bollinger Bands Indicator 101
49) Wedges, Triangles, Flags and Pennants
50) RSI Divergence 101

Full Playlist