I just wanted to share a brief excerpt about the trading mindset, and some of the things I share in the course. One of the things I focus on heavily is helping traders build a successful mindset. Here is an excerpt below about one of the most common pitfalls traders fall into that I hear all the time.
From 3 Guidelines for A Successful Mindset…
“You would not believe how many times a student posts a trade, loses the trade, and the first thing they say is ‘What have I done wrong?’
First off, why does losing a trade, in your mind = doing something wrong? Did you expect the system to work perfectly every time? I don’t think any of you really expected a system to work perfectly, so the question is indicative of something else…an idea in your mind that you did something wrong if it (the trade) did not work out.
Anytime you see or hear this, you have to be clued in immediately why you think you did something wrong because you lost a trade?
The answer lies in your self-image – the part of you that has an idea of what you are like (successful, hard working, enthusiastic, lazy, stupid, optimistic, pessimistic, abundant, poor, not fit to be a trader…etc). This is how you view your self – and this question ‘what did I do wrong’ is actually coming from this place – that part of you that believes you did something wrong because you lost.
There is an idea that if you only focus on your mistakes, you will become successful. Although it’s true you need to plug the leaks – you don’t get there by focusing on what you did incorrectly.
So a tool to combat this is to build the neural pathways to making better trades, and there are many ways to do this.”
This is just a brief excerpt in our courses from our trading mindset and performance enhancing section in the course, where I teach and offer tools, techniques, and methods to build a successful trading mindset.
I hope you enjoyed this small piece here, and will use this to look into your self-image, your trading mindset, and what you can do to build the neural pathways to trade successfully.