17 Real-Life Tips To Becoming a Successful Trader
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Improving your trading with a New Year's Resolutions, or any other time!
Marcus Lemonis, star of CNBC's “The Profit,” doesn't wait until the beginning of the year to make resolutions:
“I don't know that I make specifically New Year's resolutions. I think I typically make a new resolution when something bad happens or I have a failure or something doesn't go the way I think it should,”
“I almost have this reset and I don't use the calendar year as a time to do that. I use a mistake that I've made or a decision that I made that didn't go right as a time to do that.”
According to Psychology Today, New Year’s resolutions can make some people feel depressed, unnecessarily stressed out, or disappointed in themselves.
WHY?
Because most use New Year's resolutions as “goals” and big ones because they have the target of one year in advance. That's too long to wait for a reward, in order to keep a person motivated
Should your goals (resolutions) be “big” or “realistic?” You need BOTH.
Your long-term goal is your resolution.
Your short-term realistic goals are habits.
Long Term:
Big goal required for inspiration (not motivation) to fill you with the energy of EXCITEMENT. How excited are you about that goal? Does it get you pumped up with energy? Or are you okay if it doesn’t happen?
Short Term:
Trading examples:
Improve your win/loss ratio.
Improve your risk/reward ratio.
Cut out a bad trading habit:
Over trading.
Removing your stops when they’re hit.
Taking profits too soon.
Best way to do all these things and more is to get my Free “Top Dog Trading’s Top 10 Trading Rules for Success” and work on one rule per month.
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Realistic on the day to day basis.
Need quick wins – this is what keeps you motivated.
Write down all roadblocks that could occur and how you’ll deal with them.
Need accountability. Get a partner you report to every day that you did or didn’t do your habit. Make sure it’s someone who will hold you accountable and not just say “that’s okay.” Not a “mommy,” but a drill Sergeant!
Get my free gift for you, for FREE, Top Dog Trading’s
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These are 10 things I changed in my trading to become successful over the last 50 years. They’re also the top 10 things that have helped my students shift from move
from losing money to making money.
Bottom line, no general theories or abstract ideas here. This is the practical stuff that can really work to bring real and dramatic change to your trading results..
It’s a mini-course that contains a pdf Special Report and 3 videos. Get right now by simply going to: http://www.onlinetradingtowin.com/tenrules
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