Learning to be a Confident Trader
When one is confident there is no room for fear. Confidence also overcomes greed because a component of greed is an underlying sense of scarcity. The million dollar question comes how does one build confidence. Confidence is not built by having the greatest trading system. Rather confidence is built by accepting losses and not trying to avoid them. Losses are a natural occurrence when trading. When one tries to avoid losses, they only magnify.
To be confident doesn’t mean that every trade or trading day has to work. What it does mean is that you have an exact trading plan that you can follow and believe in. You have tested this strategy and it is not overly optimized or complicated. Because you are confident you can execute that strategy in a consistent manner. A successful strategy doesn’t mean anything if you don’t or can’t or won’t employ it.
Unfortunately the vast majority of traders and investors fall far short of the results of their strategies. This is the reason of Abraham Trading Consultants. Not only is our goal to help develop trading plans and systems, but to make sure the traders follow them. My work as a trading coach is to enable traders around the world to become as good as their methods.
Confidence is developed when you learn and correct mistakes. You do not beat yourself up upon making these mistakes. Rather you embrace them and learn from them.
Do you believe that your dream of excelling as a trader is possible? Do you have a set of philosophies that support your dream? Are you as good as your methods? If not, it’s time to do something about it.
Consider my coaching program. I speak for an hour on the phone each week with the traders I coach. We review your trading, beliefs, attitudes, habits, and philosophies. I help you do more of what works and stop doing what doesn’t work. you can become as good as your methods. The money you invest in yourself—especially in difficult times—is truly the best investment you can make. It will pay you exponentially because you never leave yourself. Call me at 954 903 0638, and we’ll discuss it.