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If we want to change our results, we must change our beliefs. Beliefs are
what we "know" to be true. We almost never question our deep beliefs, but that is exactly what a losing trader must do: question personal beliefs not only about the market but, even more, about themselves. Very few traders know why they trade, much less how they trade. We all can spout our superficial reasons: to make money fast, to enjoy competing with other traders, to gain the prestige of being able to say "I am a trader," and so on. In your last trade, did you lose because you couldn't see the market going the other way, or because of a deep, unexamined belief that you shouldn't get rich that easily? If the latter, it's time to free yourself from some old beliefs. |
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