You’re Only As Good As Your Next Trade

Each Monday I host a private training session with a small group of traders. I really enjoy this intimate atmosphere because it allows traders to open up a more than how they usually would, allowing us to really attack the issues that matter. Today we talked about how to relieve stress and how to stop from losing confidence.

“You’re Only As Good As Your NEXT Trade” — Tweet This

Now, before beating yourself up if your last trade was a loser. Remember that a “Good Trade” has all to do with the Process & not the outcome. So with that mindset, after each completed trade and evaluation needs to occur, maybe a brief celebration if it’s a winner (celebrate all wins), then the focus needs to be on finding the next good trading opportunity.

If you’re not careful the previous trade can cloud your future judgement. Winning trades can cause overconfidence & losing trades can cause self-doubt. Both are very dangerous in trading.

Remember, you’re last trade & the one before that… even the one before that will ultimately have zero affect on your overall success. I consistently lost money in the markets from 2008–2011, yet my success from that point on has overshadowed my struggles. With that being said, despite being consistently profitable over the past 6 years, I can easily look back 10 years from now and wonder how it all went sour.

The only trade that matters is your next trade. So make it your best trade!

Thanks for taking the time to read my words & if you enjoyed it, I’d appreciate it if you hit that heart button below ❤

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

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Akil Stokes

Akil Stokes

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

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