7 Trading Truths You May Not Know

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7 Trading Truths

 

1.     Nobody has the perfect trading plan. Seeking perfection will stop you from trading, and the markets lessons will be forever shrouded in mystery unless you put money into the markets.

 

2.     Most of the things you’re worried about will never eventuate. The frantic and neurotic barely ever excel in the markets. Find that quiet place inside your heart and remember to breathe before you put on your trades today.

 

3.     Clinging to past victories will lead you to miss the chart patterns in front of you right now.

 

4.     Admonishing yourself harshly for past failings will annihilate your energy to keep trading.

 

5.     Do the right thing, even when no-one is looking, because integrity in the rest of your life translates to integrity in following your trading plan. The way we do one thing is the way we do everything.

 

6.     Your self-esteem should never be in the market’s hands. The market is an inconsistent teacher, subject to aggressive swings of fortune and failure, with smatterings of sadism. It’s up to you to stay level and consistent, and not be flung about on tumultuous tides of price action.

 

You decide how good you are. You decide how you’re going to do this. You decide to implement your trading plan. No one, and I mean no one can topple your tower if you decide to build it with exceptional foundations. It’s in your hands. There’s no one to blame, no circumstance to use as a scapegoat.

Author: Louise Bedford

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