Show Notes

The grass is always greener on the other side of the fence, yet we still need to cut, weed and water it.

There are many aspects of today's society that can cause each of us to not be able to enjoy our successes because we are told to expect more even when we do surpass a target.

Sometimes we reach new heights and then beat ourselves up because we could have done better. A trader can become very depressed if they only focus on what they could have made if they would have stayed in longer or gotten out earlier or some other action.

For each of us to enjoy our achievements and to continue growing, we need to set challenging goals and when we meet them, we need to congratulate ourselves and move on to new goals.

Show Notes

The world is changing rapidly every day.

All financial markets move from a smooth pathway to a very volatile environment in the blink of an eye. For each of us to continue to reach and exceed our goals and objectives, we cannot sit still.

If we think that we are educated and expect to sit back and just use that knowledge to achieve what we desire, then we are going to receive a big surprise.

Only when we decide to continue learning will we stay on a pathway of continued success.

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.

Show Notes

Our thoughts, attitudes, words, actions, habits and character are what determine our destiny.

As a trader, each of us needs to decide that we will be in control of each and every session.

We must understand and accept that the way we respond to great successes as well as disappointing losses has a huge impact on how we approach our next trading session. Trading is a skill that we add knowledge and new objectives on a daily basis.

If we stand still, the market will become more difficult to analyze and our potential for increased profits will diminish.

Decide to take control and be in charge of your trading sessions.

Show Notes

We all can probably remember a time early in our life when we were standing on the edge of a pool or a boat dock and being encouraged to jump in.

We waited and waited and sometimes never jumped in or maybe we jumped in immediately. Those same feelings are still with us today when we trade.

The world around us has a way of instilling indecisiveness in executing trades or exiting trades. If we have developed a proven process of risk management, money management and a strategy that has been tested and used in practice, then the final step is to believe in what we have and jump in.

It does not matter whether we land properly or not.

The most important aspect is to jump in and know that all of our diligent practice will pay off if we continue to stay with our proven process and let the law of averages work for us over the course of our many trades.