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Bend your will to focus on the war

  
  Education
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bendyourwill

  • 1) Allow yourself to enjoy the victories. Traders have a tendency to get very upset about busted trades and in so doing burn memories strongly in their minds. The same traders get little satisfaction from the good trades, thus not burning as strong a memory. If you have done your homework, followed your rules, entered and exited the trade as planned, then give yourself credit and enjoy it. You deserve it.  
  • 2) Take control of your beliefs. Successful traders are realistic about trading when accepting the fact that trading is a game of probabilities. Successful traders believe in probabilities and in so doing know that with each trade there is a higher probability the trade will work than not. How do they know this? Because they have tested and traded their set up(s) enough times to know that the odds are in their favor. However, the successful traders also know that favorable odds do not guarantee success 100% of the time. Successful traders believe with each trade that the odds are in their favor but they also believe that the trade will not always work. By knowing this successful traders will be able to enter every trade with a clear mind open to the fact that anything can happen NO MATTER WHAT HAPPENED ON THE LAST TRADE! If you believe this then you will never focus on the last trade, only on the present one.

 You cannot live in the past so there is no need to trade in it either.  Just as every day is a new one so is every trade.  Focus on the present battle and in war you will be victorious!!

Brain test Learn to trade self assesment

  
  Education
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giraffe_in_refrigeratorThe Giraffe Test

1. How do you put a giraffe into a refrigerator?

Stop and think about it and decide on your answer before you scroll down.

The correct answer is: Open the refrigerator, put in the giraffe, and close the door. This question tests whether you tend to do simple things in an overly complicated way.

2. How do you put an elephant into a refrigerator?

Did you say, Open the refrigerator, put in the elephant, and close the refrigerator?

Wrong Answer.

Correct Answer: Open the refrigerator, take out the giraffe, put in the elephant and close the door. This tests your ability to think through the repercussions of your previous actions.

3. The Lion King is hosting an animal conference. All the animals
attend …. Except one. Which animal does not attend?

Correct Answer : The Elephant. The elephant is in the refrigerator. Didn’t you just put him in there? This tests your memory. Okay, even if you did not answer the first three questions correctly, you still have one more chance to show your true abilities. (more…)

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