In today’s post, I want to share a simple shift in perspective that you can make right now that can be very helpful as you try to stay objective and in control of yourself in the market. It starts with a simple teaching that says that in every moment in life, there are two things happening: There’s
Only when you can be extremely pliable and soft can you be extremely hard and strong.— Zen ProverbFlexibility (pliability or openness) helps us deal with everything the market likes to throw our way — uncertainty, losses, change, etc. To be a flexible trader is to not be stuck in your ways and to be open to
If you’re a typical trader who trades with the trend, looking for higher reward vs. risk ratios, one of the hardest things you’ll ever need to learn to do is to stay in a trade and let your profits run.
With what’s currently going on in the world and in the markets, those are clearly uncertain times we are going through. And it’s very easy to get caught up in emotions and mind states that are extremely challenging and difficult.
The markets continue to be volatile on coronavirus fears, and it’s affecting traders and investors around the globe. But not all traders are impacted the same way.
Coronavirus fears are gripping the globe. If you’ve reaped larger than usual losses this past week, know that you’re not alone. I too have, and many others have.