Tuesday, September 8, 2015

Be Indifferent

In the world of trading, every investor knows there are ups and downs. It's not a question on if they will happen, but when. How you deal with those "ups" and "downs" means everything to your bottom line. My advice... deal with them in the exact same way. Your path to wealth will be a journey of many peaks and valleys so the best thing you can do is take each win and loss the same way, while understanding sustained success in this business will only happen if you're incredibly emotionally stable. Emotions get you killed in this game so the better you are at doing the same thing, over and over, while keeping your emotions in check, the more profit and the less losses you will experience. Keep following the market with a proven system and your losses will continue to be small and your gains will continue to grow.

I've taken a lot of losses in my career and I know they aren't fun. The important thing though is if you looked at my monthly statements, the total of those losses, are generally less than the gains. At the end of the day, that's all that matters.

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