It is so easy as a trader to get consumed.
- Consumed by wanting to hit the big winners.
- Consumed by the fear of losing money.
- Consumed by wanting to beat the markets.
- Consumed by wanting to be validated by being right in our choices.
It is so easy to become so consumed that we become owned by our trading, instead of owning it. But this is NOT what you became a trader for, is it? You became a trader to have a better life, right? Sure, you want the money, but so that you can live the way you want, with freedom.
Most are feeling frustrated with their situation because it is the opposite of why they started trading in the first place.
Because of this, I get questions regularly about the psychology of trading and these are good questions for sure.
One of my favorites is “What is the right mindset to have?”
Well to me, a mindset is a collection of perspectives. How you view or see a thing. Some refer to this approach as perceptual psychology: what you think about something and how you feel about it are determined by how you perceive it.
Now I also subscribe to other schools of thought, such as cognitive psychology and behavioral, but when we’re talking about “mindset”, that’s perceptual – and in trading it is extremely powerful.
For insights into the mindset of the favored 10% of individual traders that own their trading instead of the other way around, I invite you to go to the page linked to below.
http://insideouttrading.com/pit/top10.html
Whether you act on the offering there or not, you WILL discover some truths about trading that give you empowering perspectives that are the part of the healthy mindset.
Take back your ownership. It starts with your mindset.
http://insideouttrading.com/pit/top10.html
Cheers
Brian
P.S. If you haven’t already grabbed your FREE copy of the newly
updated report, “Traits of the Top 10%”, you can do so here,
