As new traders begin their trading journey, they run up against four key problems.
New and/or struggling traders like to make trading a right or wrong endeavor. The moment they place their trade, they do it with an expectation to win, which naturally entails being disappointed if they lose.
Only when you can be extremely pliable and soft can you be extremely hard and strong. — Zen Proverb
We all want certainty in our lives. It is a wonderful thing to have order to our lives, to know what to expect, and to feel safe, but as traders, it is not always easy to get those things.
The market likes to throw chaos our way. Uncertainty is in its nature.
There are many reasons why traders have a hard time being (and staying) profitable. I’ve explored many of those reasons in depth on this blog. But as of yet, I haven’t talked about our default mode of measuring and comparing ourselves (and our lives) to others.