Friday, December 21, 2018

Info!! Renewing Our Trading Together With Regaining Our Passion

One of the most hitting differences alongside traders I accept encountered is their grounding inward a problem-based mindset versus an opportunity-based mindset. The problem-focused trader is chronically frustrated, battling ane challenge afterward another.  The opportunity-focused trader is inspired, finding pregnant as well as administration inward setbacks.  It's slow to snuff it problem-focused when losing coin as well as it's slow to perceive chance when things are going well.  The successful traders I've known await for problems when things are going well, because they are ever looking for opportunities to improve.  They are also looking for what is going good during periods of drawdown, because that is where opportunities may move showing up.

In a recent article, I outline why I believe nosotros could move on the cusp of of import marketplace opportunities. Yes, it's been a challenging menstruum for traders inward damage of low-volatility marketplace demeanour as well as erratic trends.  But, equally I outline inward the article, at that topographic point *are* strategies as well as approaches that are working; I *do* consider people succeeding.  There is chance inward electrical flow difficulty.

What has kept me move inward markets since the belatedly 1970s, too endangerment management, has been research.  Every calendar week I update my database, explore ideas, as well as examination out strategies.  Easily 80% of what I await at is either worthless or duplicates what I already have.  Another 10% is promising exactly ultimately has express value.  It's that concluding 10% that opens novel doors as well as yields fresh opportunity.  I could snuff it discouraged nearly the 90% of query that never finds its agency into my trading, or I could move energized past times the 10% that moves me forward.  

If I were non innovating, what would snuff it on me interested, driven, optimistic, as well as energized during periods of drawdown?  Too often, nosotros are mired inward problem-based mindsets because our focus is exclusively on P/L.  So our focus as well as passion rises as well as falls with our equity curves.  When nosotros approach markets with intellectual curiosity as well as a honey of sharing ideas with like-minded colleagues, nosotros exercise whole novel sources of motivation.

Trading was fun when it was new.  The challenge is keeping ourselves re-newed.

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