Traders Wisdom Part (9) Mental Toughness

At some point a trader will face a performance slump this could be on an intraday basis or even in the shape of longer-term account stagnation –

This is the nature of trading no matter how big or small, draw down is an integral part of the trading game and you have to understand that all traders face these periods.

How Traders can take psychologically destabilizing hits requires an effective mindset and is often the difference between success and failure .

Mental Toughness

Master Traders on Increasing their Mental toughness .

Having the mental toughness to sit in front of their screens all day, not going home and seeing the day through to the end is often the difference between success and failure,

And this doesn’t mean just being at your desk watching, but maintaining the strict discipline to execute your trades as per your strategy.

What separates the weak from the chaff .

Just as Draw down is the nature of trading no matter how big or small so are wins and losses both the natural outcomes of the trader’s situation .

The most successful traders out there can take setbacks with the same attitude as their winning trades.

For top performing professional traders in this industry it is their ability to cope in such highly pressurized situations that sets them apart from the rest maintaining the strict discipline to execute their trades as per their strategy at all times – in a flawless manner .

This is because they know they have mastered whatever skill is required and needed to consistently meet there targets in order to succeed in the game of trading .

The baldy one has spoken – Copyright © 2011 tweeterTrades

Traders wisdom Edition

Advertisements

One response to “Traders Wisdom Part (9) Mental Toughness

  1. Pingback: Trader,s Exercise for a Primed Mindset | Freshly Squeezed Pips

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s