“It’s not what you think, it’s how you think” is a phrase that can be applied to many different aspects of life, including trading. In trading, it means that the key to success is not necessarily what you believe or what you know, but rather how you approach the market and make decisions.

It suggests that a trader’s mindset and attitude are more important than their knowledge or beliefs. A trader who has a positive and open-minded approach will be more likely to adapt to changing market conditions, and to learn from their mistakes. On the other hand, a trader who is overly confident or rigid in their thinking may struggle to perform well in the market.

The phrase also implies that a trader needs to be open to new ideas, willing to challenge their own beliefs and assumptions, and to be self-reflective. By being aware of one’s own thought process, and by questioning one’s own assumptions, a trader can develop a more effective and flexible approach to the market.

Additionally, it can be applied to learning and growing as a trader, by being open to new ideas and perspectives and being willing to question your own assumptions, you can have a more versatile and effective trading philosophy.