1. Physical fitness has a great impact on trading. Physiology is the path to brilliance. An fit & efficient body will always make you feel better& more you feel better its more likely you will use your skills to get astonishing results.
2. Visualization as a successful trader. Visualize your past successful trades & the feeling of joy thereafter.
3. Keep negative thoughts & fear out of your mind. Understand your trade & study as much as you can on it. Remove ignorance & fear will vanish by itself.
4. Write down your strong points & review them regularly to create a successful self-image. Identify your weakness & work on it. Discipline yourself not to repeat the mistake second time. Doing mistakes is not a problem but repeating same mistake; surely is.
5. Concentration on the task is the necessity. Never underestimate the power of Concentration. Try improving your concentration level & check the results.
6. Irrespective of profit or loss try to maintain positive approach & a positive body language. Never discuss in public about your loss or bad luck.
7. Make your trading plan & stick to it for each trading day & for each trade. Every successful implementation of your plan will boost your confidence.
8. Understand thyself. Study your behavior patterns, risk appetite, neurology & trade accordingly. A person with kinesthetic neurology mode should not go for long term trades as he will surely run out of patience.
9. Set a goal & divide it into smaller logical steps. The real problem of procrastination is having impotent goals.
10. Study a successful trader & try to elicit his strategy. Try to get as much information about them & their psychology. Stock Market is more about Mass Psychology than price or value.
11. Gratitude – Always express gratitude & keep your conscience clear. A conflict internally will generate a poor external result.
Posts
No comments:
Post a Comment