Fight Like You Deserve A Good Win And Move On With Your Trading
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By :
Terry Leslie
Submitted
2008-08-07 08:55:09 |
Trading is an uncertainty. You can never control the market or the results of any trade. It isn't uncommon for some traders to lose all investment in their results after a period of years on the job. Is this a good thing or a bad thing? Probably neither, as long as it works for those who get there. Since trading is so uncertain, you have to be ready to put up your boxing gloves, get motivated, and get on board with the winning spirit. Even when every conceivable indication reveals the likelihood of success, something unexpected could happen and then everything changes in an instant.
When these events happen, they can really throw a new trader for a loop. After all, you must have read the indicators right, didn't you? You think you did but self doubt is now creeping in because if you had, wouldn't you be winning instead of losing? Remembering the larger picture, the purpose of trading in the first place, and focusing on the ideals that brought to into trading in the first place can help keep your head on straight during times of upheaval.
When it is all said and done, you need to be satisfied with the effort you put in and the way you handled the situation. Only you can fully determine what efforts you feel are sufficient, but in every case, you should feel completely at peace that you put forth everything you had and didn't just shrug and give up. Does that mean that you need to chastise yourself for a mistake? Of course not. What that means is that even if you made a mistake, or the market shifts suddenly, or you haven't made a strong trade in weeks, that you simply believe that you fought it out like you deserved to win and walked away with your best effort to either fix the mistake, work with the changing market, or are at least learning from your weaker trades.
If you can't see beyond winning and losing, then you also can't see the value of a lesson well learned. If you can't fight not only for your wins but your lessons as well, then you may find yourself in a pretty big hole. When you are able to impose respect onto the market while limiting your belief that you can fix things, then you are onto a plan for winning. Just as there are positive and negative aspects to trading, there are positive and negative aspects to every single trade. Learn the aspects and you'll learn how to avoid costly mistakes.
When athletes take to their positions, just before the first movement that begins their competitive moment, they have a breath of time that can determine their entire outlook simply by the thought they put into their head. If they are there to fight hard, give it everything they can, and walk away a hero whether they win or lose, they have gained before they ever move from that starting position. If they can only see winning as the ultimate goal they often fail under intense pressure. If they walk in self defeated, then they may as well give up the game and go home because without the heart of a good solid, effort, everything is already lost.
Fighting your way into the trading world really isn't any different. If you want to be successful overall, fight for every lesson learned and fight for every gain and every loss. Don't just sit back and let things happen to you. Be part of the process, get your hands a little dirty, and be a totally active and committed participant. After all, this is your life and your financial future. If you don't get into the game today, it's only you who suffers. Everyone else who wants to be there is already actively getting it done.
Because you are a human and not a computer, your days will fluctuate and there will some awesome days that you feel like you are on the top of the world and there will be some pretty pathetic days that feel as though the dog got his jaws on it and flung it around like his favorite squeaky toy. How you respond to your days is your choice, but you will serve your needs better if you respond with a strong desire to go down swinging, learning, growing, and of course, trading. |
Author Resource:-
If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book "Trading In The Zone" which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.
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