Being a top athlete takes a lot of grit and perseverance. Because whenever one feels complacent is exactly when one might fall flat on one’s face. So, professional sports are constant acts of pushing past limits. And not every person can manage such levels of physical and mental efforts.
As I sit back and reflect on my journey as a trader, where I was and where I am today, I can clearly point out the things I didn’t get right at first. For instance, one of the fundamental lessons that I’ve learned and come to accept is that certainty in the market is an illusion.
In today’s post, I want to share a passage from my book, The Essence Of Trading Psychology In One Skill
The Art of War is a book that was recommended to me by a veteran trader back in 2006 when I had just begun trading full time.
Allow me to be dramatic for a couple of seconds: We are all slaves!
As human beings, we are slaves to substances, activities, and beliefs. We are slaves to doing; to becoming; to seeking something else than our current reality.
“When should I quit trading for good?”
If you’re a struggling trader, I’m sure this question has been in the periphery of your mind at some point.
We all know that working on our trading mindset will make us better traders, but where to start?
In trading, if you’re a typical trader who trades with the trend and looks for a higher reward to risk ratio, the hardest things you’ll ever need to do is to let your profits run. It’s even harder than having to cut your losses.
