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6 Mindset Skills for Successful Trading

1. Commitment

A commitment to:

  • Learning new skills
  • Identifying your misgivings and dealing with them head-on
  • Uncovering addictions and habits that cover up emotional blocks

2. Openness

You must be willing and open to commit to whatever it takes.

You need to be open to:

  • New ideas
  • Better ways of doing things
  • Being wrong
  • Asking for help
  • Receiving coaching
  • Receiving profits
  • Minimising losses
  • Letting go of the past
  • Making mistakes
  • Being enough

If you are open, then continual improvement is assured.

3. Learned Listening

You need to listen in order to receive.

You need to listen to:

  • Your intuition
  • Your body
  • Your self-talk
  • Your biases and beliefs
  • Your mind

4. Discipline

It requires discipline to be a great trader.

If you lack discipline, you will let your losses get out of hand, and you will take your profits too early.

The discipline to spend the hours honing your trading skills.

Beyond commitment, it requires discipline to turn up each day.

Mastery through discipline requires:

  • Failing and learning
  • Measuring everything
  • Listening
  • Being open and remaining committed to your objectives

5. Balance

Balance prevents passions from becoming obsessions.

In balance, we feel content, at peace, and in control.

If you aspire for balance and pass through it now and then, you will gain longevity as a trader.

When you achieve moments of balance, you will be:

  • Clearer
  • More purposeful
  • Infinitely more effective over time

6. Gratitude

If there is one mental state that can significantly reduce the emotional volatility of trading, it is gratitude.

Gratitude is like rebooting your computer each morning.

Gratitude clears most blockages and gives you a fresh start with a renewed perspective.

If you are looking for more abundance, greater achievement in the markets ,and a better life, practice gratitude daily.

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