Once upon a time, I came across a book. I think it is from the 60s or so – written in a very old-fashioned way. Its name was “How to get what you want” by Raymond Hull. I don't believe in these self-help books in general, though this one is different, as it pictures a very clearly described method to hammer things into your brain and teaches your mind to focus on your goals.

Being in the chat rooms of all these Bitmex signals, I observe many people that get all these trading setups but manage it, still to stay on the losing side. Is it the signals? Or is it you? We monitor these groups for consistency in their trading performance, but many try to use them for overnight riches. This won't happen. They can give you the setups, but you have to manage the responsibility to take this trades in a very disciplined manner. Mistakes I can observe very often:

Using more than 10% of the total equity per trade (we suggest 5% max, 3% if a losing streak is happening or in difficult market environments)

Using more than 10x leverage (we suggest to cap at 5x)

Revenge trading to recover losses, ignoring money management rules to recover with the next trade

Not taking profits at given TPs, aiming only for the highest targets

Using too wide/too narrow stop-loss' or not using stop-loss at all

Not moving stop-loss to the entry point once TP1 has been achieved

Take our Bitmex Quiz to learn about your current state and how likely it is to get rekt with your current trading behavior. One thing to note: The moment you doubled your account, you want to take out your initial deposit. From then you are trading basically risk-free and this is the first big milestone for you, which will change how you feel about your trades. You cannot lose your hard-earned investment anymore. This gives peace of mind and decreases fear of loss and hard feelings that drive you to wrong moves.

This method as explained in this post is focused on how to prepare yourself for trading Bitmex signals, though you can adapt it easily for your needs if you want to learn technical analysis and trade on your own.

Prepare Your Mind For Trading – A Stringent Method To Become A Disciplined Trader.