Life is always in between the challenges and having a clear understanding can lead you a comfortable life. It is a straight forward journey from death to life and life to death and in the process we create our small stories though these stories are as permanent as our life is so why wrapping yourself with emotions that hurts. The best way is to look for new challenges and pursue it with your life energy. you have limited energy with limited time so why not invest this energy for something constructive, inspirational and worth achieving. Trading market is a place which has huge potential to transform lives, society, country even the whole world its a matter of your understanding and how deep you are willing to comprehend this field. it has tremendous potential but so the risk therefore you need to prepare yourself first before touching this ground.
With my experience, I can tell you one thing for sure “Trading and Teacher ” are very much alike. They both help to build a personality out of a person. In this field , 95% success is based on your Personality traits which always been evident with human progress. From ancient time to modern age these traits have always ruled the world so you must understand and develop such traits. It is never too late as I already told you your life is a journey so just get along with it, Accept the challenge and live your life accordingly. Anyways I left the where I was telling you the traits which has been creating super human being and these are…………..
- Patience
- Discipline
- Daily Journal
- Courage
- Consistency
Trading has always been a fascinating career for many. It has been a medium for thousands people to fulfill their dreams. Where this space has built a successful career, also has crushed dreams of many.
we are going to talk about what it takes to build a successful trading career. I have devided this in to two goals.
Goal 1 has dominance around 98% in building your Trading career and Goal 2 has 2% importance. Understanding this will make you one step ahead from rest of trading communities. Lets talk about The Goal number 1 which consists following….
- Patience
- Consistency
- Courage
- Trading journal
- Discipline
Lets break these terms one by one in the context of trading field.
Patience: Every new trader faces lack of patience issue . They are not able to wait in the market to see their favorable conditions which leads to make them multiple wrong trades. Even if they have predetermined that will take fixed number of trades but by the end of the day they take several trades. What is the issue here? How can we control this emotion?
Remedy: Practice to sit idle on your system for 3 hours at least and closely watch the market. you can also take paper trades in this process. If you do this for a month at least or 30 trading session you will be able to develop the mindset wrapped with patience. You will still do mistakes after but this will give you room to understand and control your emotions more efficiently. Patience is golden skill and developing it with personality demands huge effort. its not everybody’s cup of tea. understand the value and effort and direct yourself with strong decisions.