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The Unforgiving Teacher

the unforgiving teacherGuess what? Markets don't care if you lose money. They don't care if you make money. They don't care if you make mistakes. And they certainly don't care if you're going through a hard time or stressed and anxious and not coping.

We can learn a lot from the markets in relation to our trading. Yet if you are looking for a shoulder to cry on, a cuddle, or a sympathetic ear, don't expect the markets to be there for you.

Markets are simply hard-nosed, unemotional processors of buy and sell orders that couldn't care what your involvement is.

And you wanted to be a Trader!

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Accepting Losing Trades

coping with trading lossesAnyone that says they are happy losing money when trading is either lying or is a masochist.

Yet there is a difference between accepting losses as part of the process, and being happy about it. This acceptance mindset is what separates the experienced trader from the novice.

The key sits with your expectations. What you're looking to get out of each trade. Experienced traders have learnt over time to have no expectations. Whereas novice traders often go in with the expectation that their trade is going to be a winner.

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What's Holding You Back?

Holding BackWhen trading, why do we sometimes do the wrong thing?

We have a strategy in place. A set of rules. Risk management guidelines, etc.

Yet we deviate.

It's called the AKRASIA EFFECT.The state of acting against your better judgement.

It's when you do one thing even though you know you should be doing something else.

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Words Of Wisdom From A Long Term Trader

words of wisdomThe failure rate of traders who decide to take on this profession in a full time capacity is very high. The vast majority blow up their trading capital within the first couple of years. And sometimes within months.

Then it's back to the day job.

Trading can be a humbling experience. It's not for the faint of heart. Nor for the risk taker. The adrenaline junkie. Or the impulsive who may have issues applying discipline.

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Do 'Natural Traders' Exist?

natural traderWe often hear the term 'Natural Athlete'. Or natural golfer, footballer or tennis player. Yet what about a 'Natural Trader'? You may have heard the term used in regards to a small subset of successful traders. Yet in reality, human beings are not made to trade!

Often trading requires us to go against our natural instincts and emotions. For this reason the simple act of trading successfully is difficult for the majority.

In most jobs we can take, or be in, control. We can use our education and intellect. Or apply logic and problem solving skills to create solutions and therefore rewards. 

Yet, when trading, these characteristics and intrinsic drivers are not going to make you a better trader. 

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