The new year is rolling in!
As we turn the corner to 2019, and you’re thinking about the next year and you’re trading, ask yourself how am I doing? Am I where I want to be?
If you’re not, don’t despair. . . you’re not alone! 90 to 95% of traders are not profitable. So the odds are not high! And, many of those traders have excelled in everything else they did, and just can’t understand why this is not happening with trading as well.
Why is that? Why is trading so easy and yet in reality so difficult for so many? I have a unique vantage point to see the answer as I work with traders to create success.
One of the biggest underlying challenges is the continued belief that the solution to your trading problems lies in the market. This includes changing your strategies, the risk that you’re taking, the charts that you’re using, the brokerage that you’re trading through, etc. etc. All of these aspects are important, no doubt. But they are not the complete solution.
The most key element to trading is the Trader. It’s the mindset and the mental health, confidence, clarity, and the way that you’re interacting with yourself that ultimately makes a difference. I’ve seen many postings in Trader chat rooms calling out trader psychology as ridiculous to concern yourself with, and unimportant. That couldn’t be farther from the truth.
If you’re still struggling, especially if you’ve tried many different ways of trading and it’s still not successful for you, consider looking more closely at yourself as we embark on this new year.
How do you do this? Start to use tools that focus on YOU, not on the market. This might include meditation, mindfulness training, journaling, becoming more aware of your thoughts and your inner dialogue as you’re trading.
It also might include becoming more aware of your physical body and the sensations that you’re experiencing during trading. Hiring a coach like myself is one of the fastest and direct ways to start to make these changes. If you’re not ready or you’re not able to do so, then consider using some of the tools mentioned above to start yourself on the path to self awareness.
The more you do the work on yourself, the closer success becomes.
If you would like to speak with me about your trading, the consultation is free. I’m offering a 2019 special of 30% off the first month of coaching if you purchase by January 15.
I wish you all profitable trading and a happy 2019!