Developing The Right Mindset

First, you need to find a systematic method which removes most (if not all) of the emotion and discretionary judgment from your trading. Be prepared… this could take years. Once you have identified a system that can be profitable over the course of time, then you have to develop a mindset in which you:

  1. Focus on executing your system perfectly for each individual trade;
  2. Focus on weekly or monthly gains and not the results of individual trades;
  3. Track and quantify your performance mercilessly;
  4. At the end of each day, each week, and month evaluate your actions and then commit to doing better tomorrow;
  5. Stay positive in your thoughts and spoken words;
  6. Stay away from negative influences that cause you to have doubts and fears about your ability as a trader;
  7. Teach others to maximize their performance and, in so doing, maximize your own.
Go to top