CONQUERING YOURSELF

Trading is a trip of self-discovery and a profession that can earn you a great deal of money in the process. The former becomes more important to traders after they earn a comfortable living. The more work you do to conquer your psychological issues, the easier it will be to attain and maintain peak performance.

Those traders that are pro-active in handling the issues that keep them from following their trading rules will be less likely to start trading with large losses. Most people who enter the trading business do not know this. It comes as a total surprise to them to discover that they need help with trading psychology to succeed. Many traders lose a lot of money before discovering that they need help. A good question to ask along the way is, “Would I make more money if I were more consistent in following my rules?”

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