Author Topic: A Trader?s Attitude Makes a Difference!  (Read 667 times)

Offline analyst75

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A Trader?s Attitude Makes a Difference!
« on: November 03, 2016, 11:34:46 AM »
?Acceptance is a good state for trading because at this level you can accept losses and profits ? both of which are a regular part of trading. In fact, acceptance of small losses is critical to successful trading.? ? Dr. Van K. Tharp

WHAT?S YOUR ATTITUDE TO TRADING CHALLENGES?
Michael: ?I put so much effort and time into my trading, and still didn?t get it right! I?ll never succeed at trading. No matter how hard I try, it?s never good enough. Why do I even try??

Akin: ?I can see that I?m making some progress in trading, but I made some embarrassing mistakes. I?ve learned some valuable lessons that will make me do better next time.?

Questions: 6 months from now, which one would be a more competent trader Michael or Akin? If you want to have a good trader as a friend, which of those two men would you be more likely to keep? When you face frustration in trading, how do you react?

Sade is fed up with trading and she refuses to take steps that can make her improve. She reasons, ?Why should I waste my time on a career that gives me nothing in return??

Michelle makes concerted effort to be a good trader and to help other traders, whether she makes profits or not. She takes to heart the Golden Rules of trading, for she believes they work. For Michelle, trying to be a better trader brings rewards with the time.

Questions: Which of these 2 women did you think would be successful as a trader? Which one would have better results in future? Are you like Sade or Michelle? 
 
WHAT CAN YOU DO?
Avoid Pessimism: Pessimism will sap you of the strength you need to improve your trading and help deal with the challenges. Your outlook and attitude aren?t set in stone. You can be made ?new? in your thinking (and ongoing process).

Focus on the Positive Aspects of Trading: If you see everything about trading negatively, you will feel ?afflicted? and every day will appear ?bad? or gloomy. But if you focus on positive things in trading, you will have a ?cheerful heart? and even feel joyful. The choice is yours. Occupy your mind with encouraging subjects on trading.

Do Things to Help Other Traders: Look for opportunities to be self-sacrificing when it comes to helping other traders who need assistance. I haven?t totally put aside my long-term goals. But I?m focusing on the smaller goals I can reach now. When discouraging thoughts creep into my mind, I reflect on the many reasons I?ve to be a happy trader.

If you?re dealing with negative trading circumstances, please ask yourself: Is the situation really hopeless? Have I reached a dead-end or is this merely a road-block. Learn to keep negative thoughts out by concentrating on something constructive in your career.

Conclusion: Care for your attitude toward trading in the same way you would cultivate a garden. Root out the poisonous weeds of pessimism and negativity. Sow seeds of realistic optimism, and fertilize your life with actions that produce positive emotions. You will reap emotional crop that will make your trading career much more rewarding. And it will confirm that a trader?s attitude makes a difference!

This piece is ended with the quote below:

?The only Forex trading tricks recommended are simply patience, self discipline and applying strategies that will allow you not to take big risks.? ? Painofhell (Source: Einvestorsforum.com) 

Source: www.tallinex.com

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A Trader?s Attitude Makes a Difference!
« on: November 03, 2016, 11:34:46 AM »

Offline Terry Pumpkin

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Re: A Trader?s Attitude Makes a Difference!
« Reply #1 on: November 07, 2016, 09:37:46 PM »
There is no question that attitude makes big difference and if we really wish to be successful then we must have right attitude to work it out.  If we are not having right attitude or positive intent then we will face all sorts of issues and problem, so that?s why we need to be very wise and careful with how we work.  I trade with OctaFX broker who helps me with remaining positive with their 50% bonus on deposit scheme, it?s perfect.

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Re: A Trader?s Attitude Makes a Difference!
« Reply #1 on: November 07, 2016, 09:37:46 PM »

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Offline kxforexmart

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Re: A Trader?s Attitude Makes a Difference!
« Reply #2 on: December 23, 2016, 05:44:27 PM »
Its correct that if a trader is having positive attitude ,he can win over all the market situations so that they can make good profit in a odd situation of the market and can progress a lot.
https://www. forexmart. com/

Offline Tony Dodemaide

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Re: A Trader?s Attitude Makes a Difference!
« Reply #3 on: December 30, 2016, 08:05:47 PM »
Yeah, it?s no two words there, it?s vital for us to have clear mindset and our attitude too needs to be right.  I always have positive attitude, as that?s how we will be able to overcome difficulties and will be able to make things work smoothly.  I do it all very nicely under OctaFX, as they help big time.  From offering wide range of features and facilities, they also have rebate scheme where I get 50% back on all trades which is also with losing one too!

Offline kxforexmart

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Re: A Trader?s Attitude Makes a Difference!
« Reply #4 on: January 03, 2017, 07:06:15 PM »
When we are bold in our decision we can face all kind of odd market situations in the Forex field and like that we can make good progress here
https://www. forexmart. com/

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Re: A Trader?s Attitude Makes a Difference!
« Reply #4 on: January 03, 2017, 07:06:15 PM »


 

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