GOOD TRADING MEANS BEING UNCOMFORTABLE

In order to be successful, you have to become very comfortable with being uncomfortable. This is true in life & is very true in trading as well.

In general, it’s important to understand that stress is what allows growth. A muscle doesn’t get stronger until it is stressed beyond its comfort level. Your best ideas often don’t come until you’re surrounded by others who inadvertently or purposely put the pressure on you to keep up. Having a proper understanding of what stress is will allow you to see it in a different light & instead of running from it, you’ll begin to embrace it.

THE MARKET HAS ONE JOB

When I was first introduced to trading, my mentor told me that the markets have a single job. To inflict as much pain as possible on you & to do so for as long as possible. I wish I could say that this was an exaggeration, but in my experience, he was pretty dead on.

The truth is that the markets really are trying to bring you pain & it’s not just a saying amongst traders, it’s literally a technique used by the big players in the industry because they understand human/crowd psychology & what is a disadvantage to us becomes a meal ticket for them.

90% (and some would argue even more) of the work should be done before you ever enter a trade. Entry reason, target projections, stop location, risk management, etc. Once you’ve done this work you’ve got to trust it & not get baited into making a mistake like getting scared out of a trade.

Trust your plan & more importantly trust yourself. If you can do those two things I think you’ll start to see the results that you want to see & that belief cycle will kick in & you’ll become more & more confident down the road.

For more on this subject check out the video below!

Trader — Trading Coach — Host of The Trading Coach Podcast — Author for Entrepreneur & FX Trader Magazine — Proud Husband & Father — Sports Nerd & Coffee Addict