My Trading Is Not Tied To My Self- Worth As A Person

Category: Finance, Currency Trading.

Most amateur investors will bail out of an investment program after three straight losses.

Losing properly( by losing small and continuing to make. your trades) makes winning possible. How you handle losing trades psychologically is a cornerstone to your ability to prosper in the makets. You have to learn to accept your losses, because if you re not willing to take the chance that a trade could lose a pre- defined amount( by using a stop) , you will be afraid to trade or will be scared out of a good position as soon as you get a small profit. A successful trader s mindset must accept losses as a necessary and beneficial part of the trading process when handled properly. This defeats the goal to score big when you are right. You must have the discipline to always cut your losses or keep them small. That type of thinking has ruined many traders.

You must resist the temptation to say to yourself" It will come back" . This is the main thing that will allow you to stay in the game long enough to become successful. After all, this is the greatest game in the world, and it s the fastest way to wealth! If you have discipline and patience, the end result will pay off for you. When I m in the zone as a trader, I am totally focused and absorbed in the moment. My indicators speak clearly to me and I obey them automatically.

Time seems to expand, my mind is clear, and I know what is coming next. And being a part of this" now" moment is what makes me, perform at the, as a trader highest level. My trading is not tied to my self- worth as a person. My ego is not dreaming of riches or fretting over bills to pay- it s just along for the ride. You will reach your trading goals by increments- once you accomplish one goal, you celebrate that success and then set another higher goal. Others describe the zone as radiant happiness, laser- sharp intuition, a total absorption in the present moment, with no self- consciousness or distractions. Peak experiences seem to occur often in what many individuals call" the zone" . "The zone" is a state of transcendental well- being, an altered sense of time, or. being on a high, a state of focused energy, a euphoric state of optimal performance, uplifting, exhilarating, with a sense of mastery and control and invincibility.

This state of mind has been called" intrinsically rewarding" because it epitomizes the love for the game itself, and not so much the outcome. The zone is a rarely achieved psychological state, but once you have been there, you will want to return to the zone again. All great traders have a basic love for the game itself because the emotional rewards are so great. One of the keys as a trader is that you must spend the time necessary to make trading skills" automatic" and create winning trading habits. By making these actions automatic, the mind can be totally absorbed within the zone. Preparation and. practice make for proper skill development.

What is the key to success? The more you practice, the better you get. Dedication. And you MUST believe in yourself and your ability to succeed. Trading is an art form that can be developed with time and plenty of practice. Keep your thoughts and behaviors positive, and you will increase your odds of a favorable outcome in your trading. Go slow, obey the indicators, trade with caution, and only trade when you re not tired or feeling stress.