“There’s no way to make money in trading.”
“The economy is working against us.”
“It is so hard to catch the right market trend.”
“I will never understand how to make money at this.”
Emotions we overhear from other traders when they are stressed, afraid, or upset can affect you negatively if you let them. Change the way you perceive what is going on around you into a positive manner. You’re a trader be excited about it!
It is very important that we protect our emotional and mental state from those around us who may be having a bad day or experiencing a string of losses. Attitudes are contagious and we need to be aware that often our attitudes are kindled by others’ opinions. As an up and coming trader, you need to be an eternal optimist, and not let others around you influence how you feel about your plan, the market that day, or the trades you’ve made. That’s their problem, not yours. Take charge of your attitude. Don’t let someone else choose it for you.
As expert trader Mark Douglas says in his Path to Consistency workshops, ‘What each individual trader perceives in relationship to what is or isn’t available
1) how he interprets what he perceives; 2) what he decides; 3) what he expects. What he does and how he feels about the results is all a function of what he believes about the nature of trading.
The real secret behind why trading is so difficult to master is because few people are genuinely sincere about their willingness to adapt themselves. What makes it even harder is that the next winning trade can make all of this seem completely unnecessary.’
Every time you begin talking or thinking in a negative way to yourself, realize it is a step in the wrong direction. Try to change it as soon as possible and instead say positive comments. To move from a beginner’s level to the next one, you must practice trading, polish your skills day-by-day and practice changing your self-talk and attitude. Over time, your way of talking will become your way of thinking and it can influence your trading in a very big way.
So next time you hear a fellow trader complain, “It’s impossible to make a profit,” don’t let it affect you. You can listen, but don’t believe. If trading is not for him, that’s his decision. It has nothing to do with you. Remain steadfast and optimistic and you will be profitable!
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