Trading on Target: How to Cultivate a Winner's State of Mind

REACH THE NEXT LEVEL OF SUCCESS IN TRADING

The fact is most of you have been high achievers in your life. But now that you have reached and perhaps maintained a level of success in your trading over a period of time are you willing to do what it takes to reach your next level of success? Most people are not, because they are comfortable with the status quo, they don’t want to take on any additional risk or responsibility, or they are too lazy to do what is necessary to add new resources.

I was working with a floor trader named Bill. He was afraid of electronic trading, but knew that if he did not start to transition off the floor he would not be able to maintain his present lifestyle. His monthly bills were $15,000. With his wife enjoying her country clubs and charity work and his three children in private schools, he felt a tremendous pressure to do something fast.

Bill was a guy with a raspy voice and a limited vocabulary. He was raised in a rough neighborhood in the Bronx. His two older brothers had blue-collar jobs and so did all of his cousins. In fact, he was the only one of his friends that was able to rise out of a limiting mentality and rise to the top of the financial world. He left school in the tenth grade, but managed later to get a high school degree. One day a professional basketball player who he was shooting hoops with made him dream beyond the projects. He introduced Bill to a friend who was a trader and that introduction led to an opportunity in the markets. ...