The Mind of a TraderAuthor: Trading Metro
15 Nov 2018

The Mind of a Trader

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Trading isn't easy money; it's about the will to succeed and the discipline to become rich. Join Steve Croft, weekly, as he discusses the motivations and psychology behind a trader.

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    MOT #93 - From Good to Great

    Mind of a Trader has a new home!
    http://www.tradingmetro.com/mot
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    I am confident that each of us has achieved success in certain areas of our life... business, sports, family, health, trading and so many other areas.

    Once we reach a strong level of success and can clearly see that we are good at what we are doing, don't allow yourself to stop. Don't be afraid to step away from the success of "Good" to strive for "Great".

    All of us will experience being good at many things, and we need to take time to enjoy that and reap the rewards. However, we should never stay still and go stale. Look for ways to enhance, strengthen, stretch your wings and when you do this; you will see that you have so much more that is within you.

    When you learn how to take this step, you will then have the urge to share it with someone else. This is how we pass it on so that the growing never stops. Don't be afraid to stretch. Be excited about moving towards feeling great.

  • Posted on 25 May 2009

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    MOT #92 - Climb The Mountain and Love It

    Mind of a Trader has a new home!
    http://www.tradingmetro.com/mot
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    We all have situations in life that are challenging. They seem to be so large that they look like a mountain that is insurmountable.

    At times we might decide that the climb is too difficult for us and we walk away. The world throws that style of defeat at us in so many ways and we need to be aware of it and not allow it to stop us.

    We will not make it to the top of the mountain the first time every time, but if we learn from our challenges and never walk away we will begin to look at these mountains in a different way.

    Instead of seeing them as something that has beat us down before, caused us pain, brought about losses or any of a dozen of other negative pictures, start to picture yourself going farther next time.

    When the mountain appears and the climb looks difficult, don't walk away. Say to yourself, "I love the climb". Because then and only then will we begin to see ourselves making it to the top and planting that flag of success on the peak.

  • Posted on 15 May 2009

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    MOT #91 - What Will You Do At The Fork In The Road?

    Mind of a Trader has a new home!
    http://www.tradingmetro.com/mot
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    All of us at one time or another have come to a fork in the road.

    It may be a real fork in the road during a trip. It may be a family decision issue. It may be a major situation within your business. It may happen while you trade.

    How do you approach it? What do you do? Many times, society places so many concerns and warnings in front of us that we just look at both options and then plan and talk and analyze, but no action is ever taken.

    A commitment to action will always provide a stronger experience than doing nothing. Even if the decided action takes place and produces results that you do not like, the learning that comes from that action far exceeds the loss that occurred.

    To grow your skills, your knowledge, your emotional ability and many other areas of success, you need to believe in the decision you make and then act on it with strength and boldness. When the fork in the road appears, analyze and decide and then turn in that direction and start moving forward.

  • Posted on 05 May 2009

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    MOT #90 - Don't Just Look, Make Sure That You Truly See And Understand

    Mind of a Trader has a new home!
    http://www.tradingmetro.com/mot
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    Many of us have made trades after a quick look at our charts and later we look back and say "I wish I would have taken a little more time before I did that".

    In the world around us, everyone is always rushing to do everything especially in making a decision. I understand that sometimes you are forced to make quick decisions, however as a trader, you will regret quick decisions more times that you will congratulate yourself.

    If we have committed to our risk management, money management, trading strategy along with our overall plan for our session, then I recommend that if you truly want your sessions to be more successful, take a few more seconds in every step.

    Take a few more seconds to not just look at the charts, but to truly see and understand what you see. Take a few more seconds to determine where you entry point and exit point is and not just wing it.

    Take a few more seconds to prepare and instead of just looking and deciding, clearly see and understand what you see and you will enhance your trading performance.

  • Posted on 21 Apr 2009

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    MOT #89 - Thinking Can Make Impossible Become Possible

    Mind of a Trader has a new home!
    http://www.tradingmetro.com/mot
    -------
    I am sure that all of us have seen the statue of The Thinking Man. It is an amazing sculpture that evokes in individuals many different emotions and ideas.

    As a trader, if we are always worrying about what might happen if we do this or do that and if it is wrong that we will lose money, then we will rarely if ever have a successful session.

    I submit that if we take time before we begin a trading session to think about all of the correct decisions we will make, all of the good trades we will execute, all of the money management actions that we will adhere to and so much more, then we will be so far ahead of multitudes of other traders.

    When we take time to think about what we desire to accomplish and what skill sets we have and how we will put them to use while we trade, when the session is over we will many times be amazed at what we have accomplished.

    Don't begin trading with thoughts of it being impossible to succeed or else your results will match those thoughts. Fill your thoughts with confidence and focus on what you truly desire to happen and then let yourself just go ahead and make it happen.

  • Posted on 14 Apr 2009

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