Over 90% of traders fail to reach any success simply because they are not equipped for success stock market, especially in key components such as money management and emotional control invest money. This is true for most things in the civilized world invest money. We are programmed for failure and as such as easy prey for the trap that is the financial markets invest money.
If you are bad with money stock market, then guess what stock market, trading wont fix that invest money. I've seen first hand my parents win $500 stock market, 000 and lose it all in less than 4 years invest money. What they never did was assess their bad habits invest money.
Bad habits are addictions which are fueled by our minds chemical pharmacy invest money. We're all the same stock market, and it is nature's way of allowing us to evolve and stay alive invest money. Habits are automatic programs that start with a memory which then creates an emotion stock market, which in turn creates a chemical which then feeds the body and all its cells invest money. This is a habit; our body's addiction to naturally produced chemicals invest money.
If you keep doing the same thing over and over again stock market, but expect different results stock market, you're fighting a system that has been in creation for millions of years invest money. However stock market, change what you are doing and you break the cycle invest money.
Traders who continuously make the same mistakes are doing it by habit invest money. The problem is that they are unaware they are doing it stock market, or they choose not to accept who they are or what they are doing invest money. Those who become aware and those who become humble will open new exciting doors to much more than just successful trading invest money.
A lot of what occurs soon after beginning a trading career is based on pie in the sky thinking stock market, and very little planning invest money. Apart from needing to construct a business plan to achieve your goals stock market, you need to see yourself as already there doing what needs to be done invest money.
When you were younger and you were deciding what it is you wanted to become you had mental pictures in your mind invest money. This is what helped you to see what interested you the most invest money. If you saw yourself being an engineer and it felt good seeing that in your minds eye stock market, then pursuing that career felt like the right thing to do invest money. Using the markets to achieve your goals is no different invest money.
There are many things you can use your minds eye to imagine stock market, such as your online trading account balance being very large stock market, your transactions being very large stock market, placing less and less trades over time stock market, becoming more accurate in your forecasts or improving your win rate stock market, being emotionally in control as your trades close whether in the black or the red stock market, seeing yourself allowing the really big trades to run for as long as your system permits and so on invest money.
Of course stock market, it only becomes apparent once you begin trading for a while that you need to see yourself doing the opposite of something undesirable (such as cursing at the computer screen) stock market, however even when starting out trading for the first time stock market, envisioning your long term goals as being achieved is very necessary invest money.
If you think this is hocus pocus then there's not much I can say other than stock market, there are massive amounts of proven facts and research now available on how our mind functions stock market, and the systems our brain has in place to be able to say stock market, if you're not prepared to imagine yourself as a success on a consistent basis stock market, your brain will give you what it is programmed to give you and if you are like the herd stock market, it will be failure invest money.
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