I’ve been trading for a living since the end of 2006, and over time, I have come to realize that stress is part and parcel of the endeavor. It doesn’t matter how long you’ve been trading; how much of an expert you are, at times trading will be strenuous — it’s in the job description.
I’m traveling at the moment and didn’t have much time to write a blog post. So for today’s post, I’ve decided to share an article that has inspired me at the beginning of my trading career, especially when times were tough.
5 steps to becoming a pro-trader is a true and brilliant depiction of the path to trading expertise.
Humanity has a rich history of storytelling. We like stories so much because we can identify with them, and use them to learn and transmit lessons. Whether real or not, they pull and tug at our emotions because we connect with them personally.
In today’s post, I want to share a passage from my book, The Essence Of Trading Psychology In One Skill
We all know that working on our trading mindset will make us better traders, but where to start?
Let’s be clear: losses are not a problem. To look at them as problems is to take a wrong step. They’re part of this business. Everyone goes through them. You can’t avoid them. The best you can do is to minimise their impact through strategic risk management.
But, it’s true, even then, the act of taking a loss is inherently painful.
If you’ve watched the movie The Matrix, you are undoubtedly familiar with an iconic scene showing Neo and Morpheus going hand to hand.
At one point, we see a shot of Neo taking a big hit from Morpheus which causes him to fall to the ground. They then exchange the following dialogue: