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  • The Mind of a Trader Podcast with Steve Croft

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    "The most important exercise for a trader is that of the mind."

    This is Steve Croft's approach to trading. With his unique and compelling delivery, all traders can benefit from Steve's trading experiences and anecdotes to stay mentally balanced and focused.

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Monday, September 15, 2008

MOT 60 Podcast - Change Is Always A Challenge

Duration: 13:34 min

Show Notes

As traders it is so easy to criticize our trading strategy when results do not meet our expectations.

The last thing we want to do is acknowledge that we might be making mistakes. However, rarely does a proven trading strategy continuously deliver poor results without the discovery of a trader making changes in the steps due to unproven gut feelings, revenge tactics, fear, greed and so many other emotions that arise when we try to outsmart the market.

For all of us to enhance our skills and increase our profit potentials, we must analyze our trading results and honestly discover whether it was a good trade that just did not produce a profit or did we break the rules of our trading strategy.

If we broke the rules, then we need to commit to the challenge of changing our approach to trading and hold ourselves accountable when we make bad decisions. We must accept the "Cause and Effect" results.

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  1. Charlie Arwood says:

    This is a CRUCIAL key to successful trading. It had finally dawned on my that in order for my circumstances to change...I MUST CHANGE. Steve, I've been overdosing on your podcasts. I have them downloaded on my smart phone so I can listen to them regularly and plant new seeds in the soil of my mind. I've also hooked my wife and kids up because the principles apply to every area of life. I love these podcasts...they truly empower!


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