Yes, you need a winning strategy for sure. But, if your mindset isn't right, it won't be enough. Wish it were bullshit! But, it isn't. The reason most traders can't trade is precisely because of this. Most. Some already have a healthy mindset and are fine. Most do not. . .
+1
This is true.
But it's harder to do than taking a vitamin or flossing.
There are so many distractions and extraneous thoughts going through your head, it's hard to stay focused sometimes.
It's harder to retrain your Mind than it is your body.
When you said to keep a journal, what did you mean? A journal of how you feel, like ....I am tired, I don't feel like trading today, I hope I don't lose money today. Or, your thoughts on how to trade for the day.....as in I think the S and P will drop today because employment numbers are coming out and they don't look good.....
Exercise is good too. You only need to do twenty minutes of exercise a day to realize a benefit. Exercise releases endorphins which does all kinds of good things for us...elevates our moods, increases resistance to pain among other things.
Watch your thoughts, they become words;
watch your words, they become actions;
watch your actions, they become habits;
watch your habits, they become character;
watch your character, for it becomes your destiny.”
Lao Tzu
---
“Whatever the mind can conceive and believe, it can achieve.”
Napoleon Hill
Last edited: