I was in Whistler earlier this year attending my mastermind group’s annual winter retreat. It was an incredible four days of snowboarding, zip lining, networking, and masterminding. Gobundance is the name of the group and is made up of approximately 130+ millionaires that have committed to grabbing life big and being a millionaire in all […]
How many times have you tried to do something new or accomplish one of your goals but, for some reason, you talked yourself out of it? Think about a specific time when that happened and remember what was going on in your head at that moment. What kind of language were you using? Was it […]
#7 They Don’t Take Responsibility or Accountability for Their Own Results I saved the most important killer mistake for last. Even if you can correct all the other killer mistakes, your trading will still suffer if you don’t take responsibility or aren’t accountable for your own results. When I first started trading, I thought all […]
#6 They don’t focus on maximizing their trading psychology If you’ve ever heard of the 80/20 rule, it applies just the same to trading. Once you’ve internalized your system, trading is 80% psychology and 20% mechanics and execution. So after you’ve learned your system thoroughly enough where you don’t have to think about what you […]
#5 They don’t measure their results and make adjustments to improve their trading SIGN UP FOR FREE TRADING PSYCHOLOGY WEBINARS HERE Every single year, millions of people perform a useless social ritual that has little meaning and even less impact on their lives. It always happens at the beginning of the year when people are […]
They Don’t Prepare For Each and Every Trading Day If you’ve ever watched your television before a sporting event, sometimes the camera will show the players getting ready in the locker room or on the court/field. In the locker room, they’ll be listening to music or having their trainers tape up their ankles or hands. […]
#3 – They don’t treat their trading like a business Did you know that over 65% of businesses fail within the first four years? There are a multitude of reasons why businesses fail, such as poor location, insufficient capital, lack of experience, competition and personal use of corporate funds. Does that sound really familiar to […]
Listening to Too Many People For Trading or Investing Advice When you turn on CNBC or type “investing” or “trading” into Google, there is no shortage of people giving trading and investment advice. There’s talking head after talking head telling you about how the market is surging up or crashing down or giving their analysis […]
Trading is one of the most difficult professions that anyone may ever attempt. Your strengths and your weaknesses are magnified because the market is filtered through your beliefs, experiences, and your own emotional makeup. If you have trouble with discipline or risk management, it will show up in your trading. If you are scared of […]
