Trading is rewarding.
But 95% of traders don’t know how to manage their emotions.
Here are 7 mental toughness tips to help you become a profitable trader:
1/ Your worst enemy wears your shoes
Self-sabotage is the hidden killer of trading careers
– Identify your self-defeating patterns
– Challenge negative self-talk ruthlessly
– Celebrate small wins to build confidence
You’re playing against yourself. Make sure you win
2/ The two-minute rule for emotions
Strong emotions have no place in trading decisions
– Set a two-minute timer when feeling intense
– Use this time to breathe and reassess
– Make decisions only after the timer ends
Emotions are temporary. Don’t let them dictate permanent choices
3/ The art of selective amnesia
Forget the past, focus on the next opportunity
– Don’t dwell on missed trades
– Treat each day as a fresh start
– Learn from history, but don’t be trapped by it
Yesterday’s trades are gone. Today’s opportunities are endless
4/ Treat losses like tuition fees
Every loss is an opportunity to become a better trader
– Analyze each loss without emotion
– Identify the lesson in every mistake
– Apply new insights to future trades
The market is the best teacher. Pay attention and learn
5/ Your trading journal is your therapist
Regular reflection is key to trading improvement
– Record not just trades, but emotions too
– Review your journal weekly without fail
– Look for patterns in your behavior
Your trading journal knows you better than you know yourself
6/ Embrace the boring
This is where real trading gains are often made
– Set up a consistent daily routine
– Stick to your trading plan religiously
– Find joy in the process, not outcomes
Excitement in trading often leads to poor decisions. Embrace the mundane
7/ The power of doing nothing
Sometimes, the best trade is no trade at all
– Define clear entry criteria
– Master the art of sitting on your hands
– Use idle time for research and learning
Your ability to stay out of bad trades defines your success
To learn more about How you can Start Trading for a living, sign up below for my Free Training on the “7-Steps to Financial Freedom through Trading”.
