Good afternoon all,
After being hounded by many of you to write a new post, I finally buckled! Apologies for taking so long, I am in the midst of several new and exciting trading projects which are taking most of my time. So I have forced myself to take a break to write my next blog.
[subscribelocker] What I want to concentrate on today is PURPOSE. The WHY we are trading, what the bigger, more meaningful picture is for us. As a trader, we exaggerate our emotions every day, through the process of trading. We all know what it feels like when you have a bad patch (which this month I am experiencing), you go through no end of emotions – angry, sad, frustrated, fearful, mad etc…Now this is a critical time to respond positively to a difficult period in our trading (an inevitable event).
What I find really helps me is going back to my true purposes for trading. In the early days I was driven heavily by the tangible, materialistic items such as the nice cars, holidays, clothes etc…Now this is fine, but it wasn’t until I identified the more meaningful, intangible purposes that I became very grounded with my trading. The purpose of creating a legacy and being remembered for services to trading, being able to support loved one’s, creating financial stability to be able to support a family. All these deep rooted motivations provided real drive for me and ensure that I keep on track, EVEN when I have difficult time in the markets.
Trading is financially very rewarding and can allow you to get in tune with your inner wealth. The greatest example of this was when I was able to fund a holiday for my parents with my trading profits. The feeling that I got from this far exceeded any materialistic thing that I have purchased just for me.
So what you need to do, is start to dig a bit deeper into the true motivations which can really drive you forward, no matter what obstacles are in the way, both in trading and life in general.
Good afternoon all,