By Yvan Byeajee
Reaching luck within the markets isn't just in regards to the monetary rewards; it's approximately eventually being at peace with who you're. good fortune is a state of mind, effortless to consider, tricky to accomplish for the mere cause that it calls for that we commence considering and behaving otherwise. the purpose of this brief “book” is to steer you at the route to attaining that luck. The truths I percentage with you're meant to inspire, encourage, and lead you in the direction of a cheerful and fulfilled frame of mind.
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Extra resources for 200 Short Trading Psychology Truths
Is it easy? Hell no! It will involve all your beliefs about failure, money, being right, uncertainty, etc. 73. Trading mistakes are a function of the internal dialogues we have with ourselves. Trading mastery is the kind of dialogue we don't have! 74. How can you expect consistent trading results if you don't have consistency in your life. 75. Do not dwell on past trades; do not dream of future trades. Concentrate the mind on the current trade. 76. As traders, our biggest problem is our thoughts.
199. Profits, although amazing, don’t teach you much. Losses are the real prize! 200. Remember this: It’s not how you start; it’s how you finish! You can do this; you can be a successful trader. Don’t give up! --------- EXCERPT FROM PARADIGM SHIFT C h a p t e r 1 The start “If you wish to know the road, inquire of those who have travelled it” Japanese proverb The ability to manage emotions and remain calm under pressure has a direct link to performance. I wish I was aware of that when I first decided to become a professional trader.
Conscious incompetence “Trading is the hardest easy money you’ll ever make” Common Wall Street adage When one starts to develop awareness about his incompetence (usually through significant losses) and realizes that there is more work involved in trading than what he originally envisioned, he usually starts to work on finding some kind of Holy Grail trading system. This stage can linger for years, but sooner or later there comes a point where the individual realizes (if he hasn’t given up yet) that there isn’t such a thing as an infallible and ever-winning trading system.