Trade with a Vision

Without a vision your thoughts as you trade may become worried, your confidence and focus my be undermined. Without a consciously chosen trading plan and goal you may be inclined to see the world through old perspectives and your own emotional reactivity to trading decisions

The goal-directed person assumes responsibility with his trading and learns what he can do to learn and improve his trading performance without placing blame on the markets.

A vision with lofty goals require greater commitment and the greater the task the more you must assume responsibility for your trading success.

Dealing with Losses

The most successful traders restructured their beliefs about losses after they lost one or more fortunes. They experienced their worst fears about losing and then came up to the realization they did not have any anything to fear if they just did what needs to be done.

What needs to be done is confront the possibility of being wrong and consequently NOT avoid the inevitability of taking a loss. So confronting and accepting the evitability of a loss is a trading skill, certainly a skill learned the hard way for most, but nevertheless an essential component at the foundation of everything you need to learn to be a successful trader.