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The Mind of a Trader

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What Do You Have On The Shelves Of Your Internal Library?

Mon, Dec 15 2008, 15:50 GMT
by Steven Croft

Trading Metro

By building an internal library of information that we can draw on at different times, we will discover that when a difficult situation arises, we will be the one that pauses and re-analyzes instead of the one that zooms forward and then wishes they had been more cautious.

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Change Can Only Be Good When You Decide To Actually Do It

No one can make you happy, sad, angry, successful or prosperous. The only one that can do this is you.
When the opportunity to change is set before us, we have a choice to implement the change or not. We can sit by and watch others or we can step forward and attempt something new ourselves.
It is never easy to change because there could possibly be a result that does not match with our expectations. That is exactly what we each need to start accepting. When you and I take responsibility for all decisions, we make a huge step forward in our growth.
Change is good when we inspire ourselves to take personal accountability for the results. We will begin to learn so much more about what we are able to do and how to exceed our goals.

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Start Strong, Trade Strong, Finish Strong

Each of us needs to set goals within our personal trading programs to become successful.
We all need to know exactly what those goals mean and how to best achieve them. It will not happen overnight, however many people seem to start strong when they decide to be a trader but then quit when things do not happen fast enough for them. Or maybe they do not start very strong, but get serious when they get into their routine of executing trades and soon become discouraged and stop doing what was working. Or maybe they finish each session strong, but that was just to recover what was lost during the rest of the time when they were not focusing on their trading strategy.
To reach a level of continuing growth as a trader, each of us must have a plan in place and then ensure that we do everything possible to begin each day very strong in our preparation steps. We must then continue to make strong confident decisions while we trader even when the results are not what we expect.
Finally, we all need to have a target each day that determines when to finish our session and be strong enough to adhere to that plan. If we keep going, it generally leads to massive losses and frustration which then stays with you until you begin to trade again.
This will cause a very sour perspective of trading when you attempt to start a new session. Start Strong. Trade Strong. Finish Strong!

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How Much Are You Worth?

The world around us provides so much input that it can be very easy to fluctuate between feeling very good about who we are and feeling as though we are worthless.
This rollercoaster ride can be very draining on anyone. However, if we decide to have more worth in all aspects of our life, then we need to have a plan.
When we succeed in this plan, every thing we do will have a brighter picture. By raising the bar in our self-worth, the results of your trading sessions will see great increases. I challenge each of us to be more "Self-Dedicated".
To do this we need to evaluate where we are in many areas of life. There are 8 areas that once you review them, it will be easy to discover what can be done to build a solid foundation of "Self-Dedication".

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Published on  Mon, Dec 15 2008, 16:07 GMT