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

CONFIDENCE

Being prepared boosts your level of self-confidence above all. There are several stages of being prepared in your trading career:

• Making the commitment and starting to take action
• Acquiring the necessary resources, such as money, education, and equipment
• Completing your business plan
• Trading real money because you have tested your results and you have evidence that there is a high probability of earning a profit
• Improving your results through improving yourself with coaching

Education must continuously be a part of a trader’s career. The markets and world events are always changing, and while it is important to have a good trading education, winners keep up with what is happening. Whenever you increase your knowledge about anything and expand your awareness, it will give a boost to how you feel about your self-worth.

Other stages of preparation include:

• Making good use of time: This will make the difference in whether or not you will be on a faster track to success. Everyone has high- and low-energy times in the day. High-energy time should be delegated to the time you trade. The winning state of mind is a peak performance state. In this state you are less likely to sabotage your efforts.
• Maintaining organization: This helps to keep you as a trader focused on moments of opportunity in the market. With organization, you allow the space for opportunity to flourish.
• Having supportive equipment: Using the best equipment and software optimizes your results and will give ...