|
||||||||
|
||||||||
|
||||||||
|
|
 |
Having A Clean Motive
I've written about this before but I'll write about it again, because it seems to be a big positive change in my own trading life. That is having a clean motive towards trading.
By that I mean you are not using it, or hoping/planning to use it (even subconsciously) to solve some other problematic area of your life. I also think that on a subconscious level the mind can be doing this and you may not even know about it (unless you look at it honestly). It will lurk in the background. The mind can make some weird connections - for example there's probably a guy out there who is trading because he is unhappily married. How does it relate? Due to the way the mind uses chains of associations that can be non-logical it probably goes something like this: ...I hate this marriage... ...need to leave her... ...if I leave she'll sue me... ...couldn't afford to pay... ...need a way to make enough money... ...trading is a way to make lots of money... ...need to learn to trade... This is a classic poison motive and this whole thing could be going on in the background of your mind. In such a case the person may not even LIKE the subject, he's just latched onto it as a possible solution to his problems and so he'd probably be in an agonizing obsession about it, but in fact it has nothing to do with his real issue. You could change this around to be any other life issues - boredom, getting out of debt, hating your boss, loneliness, what ever. But you can see that this would be like a cattle prod pushing you from behind. It gives you a sense of urgency and just generally poisons the whole thing. It's toxic. I've since realized that one of the vital keys to success in trading is not to be doing this. Somehow, by what ever means, you need to separate the two things and solve the other independantly. For me it was a period of being utterly bored at work, but I fixed that via other means (or it fixed itself), but at the time it most definetly poisoned my trading life so I would hopefully not do that again. I learned something there I hope. I think for a beginning trader the best attitude is "this is my fascinating cool hobby"; like someone who loves building model airplanes. You have the enthusiasm to be totally focused and achieve great things, but you have not pinned your hopes on the outcome. I imagine that if you can get into that zone and stay there, one day you will be suddenly surprised to find that you are far down the road to success. I bet you almost no-one in the retail forex universe has this attitude, it would mostly be "GIMME THE GODDAMN MONEY!!!" They smash their heads into the wall for a few months, decimate their account and then say "This sucks!" |
|
|
| PREMIER SPONSORED LINKS |
Any information or material contained in the websites owned and operated by The Connors Group, Inc. (the "Company"), including but not limited to the THEFXMARKETS.COM, TRADINGMARKETS.COM, and THEMONEYBLOGS.COM websites (collectively, the "Websites"), and in the related services and products is provided for informational and educational purposes only. The information or material is NOT a recommendation or solicitation to buy or sell any security or other investment vehicle. Please review our full Disclaimer prior to using the Websites. Furthermore, your use of the Websites and all related services constitutes a legally binding agreement under the Company's terms and conditions. Please review the Terms and Conditions of Use. To better comprehend the Company's other practices and policies, please review the Privacy Policy and the Editorial Policy.
Copyright © 2008 The Connors Group, Inc.
<< My Home | The FX Markets Blog Home