If the Answer is No, Then Stop Trading With an Ineffective Mindset: For the majority of traders, the entire process quickly becomes excruciatingly painful - both emotionally and financially. What starts out as a fun and exciting way to "get-rich-quick" rapidly turns into a nightmare. There might have been a streak of beginner's luck where you stacked up some random wins, but that luck has run out. Your account is basically blown up. And now you have no idea how to get back the money you've lost … [Read more...]
Have You Failed at Trading? If So, You’re Actually One Step Closer to Success
Society Has Conditioned Us to Believe That Failure is Bad: Through years of conditioning, we're essentially all hypnotized. Because when we hear the word "failure", we automatically think about it in a negative light. We've been punished by authority figures in the past for our mistakes, and as a result, we now become ashamed of ourselves for making them. The sad reality is that most of us are so scared of failing that we stop ourselves from thinking differently, trying new things, and worst of all, … [Read more...]
Why Do Losing Traders Keep on Losing?
Losing Traders Continue to Lose Because They Refuse to Take Losses: It's ironic that many traders consistently lose money because they refuse to lose. The reality is that losses are a large part of trading. Managing the downside of each and every trade you make is of extreme importance. And if you're too stubborn to take losses at a reasonable level, then those losses can potentially grow larger and larger until most or all of your initial investment is gone. This lack of discipline can undoubtedly … [Read more...]
