Your Attitude Is The Defining Factor For Success
Your attitude is your single greatest factor in determining how successful you’ll be. This is contrary to many people believing risk is the most important factor in determining trade success. Most people who don’t make it often find themselves blaming the markets, blaming the analyst and blaming the broker when they only really have themselves to blame, a lot due to their poor attitude.
Key Takeaways:
- Once you have D (discipline) in place, you are now able to build upon your positive habits and start committing more time….more useful time….to your ultimate goal of being successful trader.
- As an analogy, I know people who wear the fact that they spend hours in the gym as a badge of honor where I can be in and out within the hour. Once I attended the gym with them, I could see why they spent all that time there.
- For trading, you want the effort to resemble that of a successful trader. How they succeed is well documented in various trading books and when you have their habits, you may be able to have something akin to their success. When they sit down to trade, scan the markets or do other research, their focus is like a laser. With that type of focus, silly errors are also not likely to happen.
“As an analogy, I know people who wear the fact that they spend hours in the gym as a badge of honor where I can be in and out within the hour. Once I attended the gym with them, I could see why they spent all that time there.”