“Mastering others is strength. Mastering yourself is true power.” – Lao Tzu
So, what’s true power in trading?
It lies in mastering your emotions.
Here are 4 quick tips you can use to wield this power for yourself:
Recognize your emotions.
They can make or break your trades.
- Identify your triggers
- Journal your feelings
- Reflect on corrective actions to take
Acknowledging emotions is step one to mastery. Face them, don’t flee them!
Stay patient, stay profitable.
Hasty actions lead to losses.
- Wait for price action confirmations
- Resist impulsive trades
- Reflect before you place a trade
Patience is a trader’s silent guardian.
Embrace losses, they are your teacher.
Each loss is a hidden gem.
- Analyze them
- Learn the lesson &
- Improve your strategy
Losses are classrooms, not graveyards.
Practice self-care.
A healthy trader is a wealthy trader.
- Take 1-day breaks between trades
- Exercise regularly
- Maintain work-life balance
Take care of yourself, and profits will follow!
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”.
