Traders wisdom part 6

The comparison is often made between Traders and athletes but there,s one main difference with them and a trader .

1)Athletes

Practice day in day out in preparation for there game, which may only last a few hours .

“Football, running, boxing, etc “

They work on weaknesses in training then strengths in the lead up to an event and during the event itself in order of executing there Game plan .

2 ) DayTrader

For traders we must day in day out execute OUR game plan

Our game intensity is on a much harder level continually 24/5 and we must be ready to act and always be on our game .


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This is not to take away from what athletes do when they “train” hard to create success and execute there Game plan , but to simply point out that slight difference in comparison where both arenas differ completely .

To perform consistently we as Traders must think consistently making a daily commitment to implement our winning mindset / Trade plan irrespective of the outcome of any individual trade that takes place each Day .

The only Game on the planet where the world gets together and Financial warfare takes place … Fortunes are made and lost not with the sound of a Gun but a click of a button .

We must always Take first place we cannot afford to come in second and join the 95% of traders who simply fall by the wayside .

Mental preparation and 100 % focus is needed in this game ~

The baldy one has spoken – Copyright © 2010 tweeterTrades

Traders wisdom Edition


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2 responses to “Traders wisdom part 6

  1. Totally agree with post. I think that sport psychology is a must research subject for any trader looking to perform at the highest level. Here is details of how it helped me.
    http://fx-scalptrader.blogspot.com/2010/09/highest-level-in-trading-discipline.html

  2. Very good post.

    I’ve been The Athlete and am now The Trader.

    One other aspect which is common to both is psychology; and I’ve turned to it in each to overcome the challenges that separate the 95% from the 5%.

    Rob

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