No matter your family background, heritage or culture this seems to be the time of year where people make decisions about what they believe.
Whether it is St. Nick, family relationships, a potential promotion, a foundation of personal faith any of the long list of topics, the end of the year brings about these thoughts.
As a trader, if we do not believe in our trading strategy, our processes and who we are as a person, then we need to be prepared for a lot of disappointment.
Great traders believe in the steps they use to execute trades. They believe in the concept of high probability and not expecting 100% successful trades. They have a strong belief in their ability to grow in discipline and commitment as they trade.
Most importantly, they believe in why they originally decided to begin to learn the skills of trading and they use that belief to become better each and every day.
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A Great Year Behind Us and Greater One Is Before Us!
As another year ends, we need to reflect on all of the successes that we have experienced as well as the learning situations that occurred.
No matter what the outcomes have been, we have all learned a lot and now have the opportunity to step into a new year with enhanced goals and objectives that we are excited about working towards as we get better and better every day.
A new year brings many thoughts of what we want to accomplish.
The successful trader along with the successful person will always learn from what has happened and look forward the new roads ahead.
Have a Happy New Year from The Mind of a Trader.
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Which Comes First - Wealth or Wisdom?
From the beginning of time the most successful individuals have had a common thread of applying wisdom to every action they attempt.
They learn from what they have tried to do before and then apply the knowledge they have learned to their next endeavor.
As a trader, we each need to stretch ourselves to new horizons; however we need to focus on our wisdom "account balance". If it is too low, we can make some disastrous decisions that can cost us a lot of money or potential profit.
As it grows, we make good decisions, from a confident foundation and then we begin to acquire the rewards that assist us in receiving wealth and then seeing the freedom we all desire to have in our life.
