Most struggling traders focus too much on the results they want to achieve in the markets, not the processes that lead to their desired results. But, if you were to ask them, they would probably assert that they do focus on the process.
Now I know what you might have said to yourself as you read the above title…
“That sounds too good to be true, but let’s check it out anyways…”
People have often asked me to compile a list of books that have helped shape my development as a trader, and so I’ve been meaning to compile that list for quite some quite some time now.
It is widely known that trading is difficult, but, to my mind, there is a misunderstanding as to why. It is not difficult because it is hard to read the markets, analyze what’s moving, and build a set of rules to take advantage of whatever is perceived as opportunities. It is difficult because it is hard to develop an aptitude to weather the ups and downs of this profession.
Meditating while trading the markets… Is it possible?
Pull up a chart on your screen and let’s try a little exercise.
I’ve been a trader since late 2006. I run my trading business full-time and that is how I make my living. I’ve learned more in the past 10 years than I have at any other point in my life, and I expect the lessons, the mistakes, the failures, and the successes (all intimately intertwined) to continue.
There are a couple of questions that I didn’t get to answer fairly well during the Q&A session of my presentation at the Tradersfest event organized by Rayner at tradingwithrayner.com. So I thought I’d address that here, and, think out loud for a few minutes.
Here goes….
I receive a lot of emails these days, from people from different walks of life who are either starting their journey as traders or who have been at it for a couple of years without having experienced any kind of major success. And so, the question that I often get is this…
What are the top mental skills I need to possess to thrive in this field?”
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