Last week, after work, I went to gym to do a bit of cardio. While I was putting on my gym clothes, I realised something!
I forgot my t-shirt at home and all I had was my white
collar work shirt.
Initially I thought about giving gym a miss.
But then I realised that I didn't care about what people thought.
In fact, I thought about how going to gym, no matter what I was wearing, was better for my health than not going at all!
And so, even though I was wearing a formal office shirt, I started to kill those calories.
And this got me thinking, “working out in this formal office shirt is very similar to being a successful trader!”
Read on to find out what I mean.
Don't let anyone judge the trades you take
Do you think I felt embarrassed training in my work shirt at gym?
No! I don't care what people think. I know that by exercising, I’ll lose weight and be healthier.
You should have same mentality with your trading. Don't worry about what others think about the trades you take.
You need to have tunnel-vision when you trade and only focus on your proven and tested trading strategy.
If your trading strategy has a 70% win rate, that’s all you need to be a successful trader.
Follow your trading strategy and don’t let others change your mind by judging the trades you take.
When you don’t care about what other traders think, is when you’ll start to make consistent profitstrading the markets.
Don't make excuses to not trade
Just like I didn’t make an excuse to not gym, you mustn’t find an excuse to not take a trade.
I know your money is on the line and so, it’s normal not to want to take trades in general.
But if a trade lines up for an entry, according to your trading strategy, don’t think twice.
Do you think I felt embarrassed training in my work shirt at gym?
No! I don't care what people think. I know that by exercising, I’ll lose weight and be healthier.
You should have same mentality with your trading. Don't worry about what others think about the trades you take.
You need to have tunnel-vision when you trade and only focus on your proven and tested trading strategy.
If your trading strategy has a 70% win rate, that’s all you need to be a successful trader.
Follow your trading strategy and don’t let others change your mind by judging the trades you take.
When you don’t care about what other traders think, is when you’ll start to make consistent profitstrading the markets.
Don't make excuses to not trade
Just like I didn’t make an excuse to not gym, you mustn’t find an excuse to not take a trade.
I know your money is on the line and so, it’s normal not to want to take trades in general.
But if a trade lines up for an entry, according to your trading strategy, don’t think twice.
TAKE THAT TRADE!
Sometimes, you'll find the trades that don't look like winners at first are the ones that bring you the most profits.
Sometimes, you'll find the trades that don't look like winners at first are the ones that bring you the most profits.
I don’t want to hear these excuses:
• Everyone is selling
in the market and so, I don’t want to buy
• I don’t feel like
trading today!
• It’s my birthday, so
I don’t have to trade!
These excuses will build until you get to a point where you never take
any trades.
If you have a proven and tested trading strategy, stop making excuses
for not taking the trades!
Sure you’ll lose occasionally, but that’s how all trading strategies
work.
And if you feel nervous about losing too much money in any trade, then
risk less! You’re in control of your own trading portfolio and future.
If you keep taking those trades, your winners will outstrip your losers.
So, to sum everything up…
Don't worry about what other traders are doing and stop making excuses
to not trade. Only then, will you succeed as a trader!
“Wisdom yields Wealth”
Timon Rossolimos
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