The hardest part about trading, and life, isn’t what you think it is. Most people would say it’s the skill involved, but like any skill, once you put in enough time to learn it, it stays with you.
The real challenge is the mental side. After taking a loss, it’s very hard not to feel like a failure. Likewise, when you have a win, it’s difficult not to feel like you’re on top of the world.
Your emotions are your biggest liability. You’re in a constant battle between your lack of confidence and your over-confidence, and each day, in a matter of seconds, you can go from feeling one to the other.
The correct way to approach your losses in trading, and in life, is to identify the lessons you can learn from them. In the moment this may seem difficult because you’re blinded by the overwhelming urge to throw up and your inability to put your feelings into words, but as time goes on, your lack of feeling subsides, presenting you with an opportunity to logically identify the needle in the haystack.
The only time you fail, in trading and in life, is when you refuse to look past your feelings and learn the lesson to be learned.
Use your good days to motivate you to continue moving forward and your bad days to continue doing better.
You are your greatest limitation.
-D
- A Grand Slam. +2,367.50 | Weekly Trading Recap 5 (simulated)
- What Is YOUR Truth? | 30 Second Thursday
- An Easy Way To Pick Yourself Up When You’re Feeling Down
- The Gratitude Journal: Week 3
- One Step Forward.. One Step Back -435 | Weekly Trading Recap 4 (simulated)
How to Prosper 
i have really learnt a lot from this post. i am now encouraged to start learning how to trade. i really needed this.
LikeLike