Have you ever wondered what successful traders talk about when they get together?
What sneaky trading secrets we share with each other?
What advice we offer one another when the going gets tough?
Well today, you get to be a fly on the wall and discover the hottest topics highly successful traders discuss when they’re talking shop…
One thing we all agree on is that the mental aspect of trading is much more difficult than the technical aspects.
As traders we need discipline, consistency, and a stomach to handle the discomfort that will be inflicted from time to time when we take a loss… because it will happen.
Trading is a battle against the market and against our own emotions.
Being self-aware and having the ability to keep our emotions in check is of extreme importance.
In fact, it may just be the single most important aspect of trading.
The most important thing a trader can have beyond the mental capacity to do their job is a trade plan.
A trade plan should be the trader’s bible…
You should live and trade by it.
A well-formed plan is the first line of defense against emotional trading.
If you don’t have one yet…
Take a break and work on it. You won’t regret it.
One topic most successful traders agree on is this.
I find that those who are unorganized in other aspects of their life tend to fail at trading.
Trading requires focus and discipline.
If you’re all over the place, you’ll likely have difficulties focusing and being disciplined.
Luckily, this is something you can change.
You just have to make the decision to start living a more organized life, and then start taking action.
It’s all about priorities.
The moment you start thinking that you know everything, you start to lose.
The markets change everyday, new laws are passed everyday, new strategies are born everyday…
It’s our job to stay on top of what’s going on.
There’s a couple more that we could talk about, but these are definitely the most important.
If you master these 4 premises and learn the technical side of trading…
You’ll be well on your way to becoming a successful trader.
If you want to learn the technical side…