Super-trader Trait #1: Acceptance of Losses and Losing
I've been following the path of being a trader, not just any old trader and not the path of just being a 'Financial Trader' either (which is still held in high stead) but of a 'Super-Trader!'
Yes, ultimately, my dream goal and wish is to reach 'Super-Trader' status!
Since following this path for the last 10 years or so, it is only now that I'm beginning to understand what being a 'Super-Trader' means to me.
I've made my mistakes, I've made money from trading and I've lost money from trading. My losses were down to not following some very simple 'Financial Trading Rules.' Simple but not always easy.
What does it mean to be a 'Super-Trader' you might ask?
It means having the ability to earn not hundreds, not thousands but millions of pounds (sterling)/dollars by being able to command your earnings through controlling your emotions in the world of 'Financial Trading.'
But it also means being able to bounce back from your trading mistakes by learning from them.
Now since you'll be doing this for yourself, you'll be in control of your life, in control of your destiny!
Let's begin: There are 11 'Super-Trader Traits' that I have learned from 'Jack D. Schwager Author (Investment Manager) Of Market Wizards, New Market Wizards, Stock Market Wizards, and Getting Started in Technical Analysis all otherwise known as the Wizard Book Series.
And what I have realised over the course of time with regards to my own trading, business and daily living (on a personal level), I shall be sharing with you.
When you get to the end of this message, you'll see some pretty powerful and bold affirmations I came up with, to help with my belief in my trading and business system. Please feel free to use them, not only for your trading goals but for your life's monetary goals.
If you can attain the figure at the bottom of this message, what would it mean to you and how might it change you life?
I have achieved those figures in another line of business and after many years of doing this for someone else I thought: "Why can't I achieve the same goals with my trading?"
Let's go for it! What other business will bring such profits and independence as this? 'Trading For A Living.'
Once you can get, not only your head - but more importantly your mind around the 'Super-Trader Trait' 'Acceptance Of Losses & Losing,' that winning feeling will often elude you.
I have now come to the realisation in my trading that I am not prepared to execute that trade unless I can 'see' that there is - and there will be, a high probability of me achieving my points in that trade.
Although I am studying and applying Super-Trader Trait #1, I am applying it with the 'Confidence' of winning (which happens to be Super-Trader Trait #2).
We'll cover each 'Super-Trader Trait,' one at a time.
What if you knew you could not lose or fail at anything you did, I mean anything! Then what would you do?
What if you knew that what you lost was only a small fraction of what you would gain, then what would you get (and be) involved in?
Do you ever sacrifice one early nights sleep for a later one? I do from time to time.
Do you ever give in; in certain difficult situations, which do not warrant your 'valuable' energy in order to save your 'valuable' energy and effort from time to time? I do, often.
You did you understand that didn't you? :)
Do you ever make sacrifices which at the time might seem to be of enormous proportions for the betterment of another simpler situation from time to time? I do.
It's not always mentally or (at times) physically comfortable to do the above but when we do it, it often saves a lot of grief or hardship one might otherwise of faced had you not 'cut your losses.'
Are you with me?
Do you get it?
This is what I have realised with trading...
...'Acceptance Of Losses & Losing' does not apply to trading alone but to our whole lives.
Have a look at your life and look at the relationship of your life to the relationship of the 'Super-Trader Traits.'
Remove the word 'Trading' (mentally) where it lies in any of the 11 traits and replace it with another goal or passion in your life and see what happens with you and your thoughts.
Chat Soon!
...The Buyer & Seller
P.S. It seems the 'Super-Trader Traits' are a recipe for living.
Affirmation/s:
"I Earn £10,000.00 A Day...!!
"I Am A Super-Trader. I Earn £10,000.00 A Day, Trading The Financial Markets!!"
"I Am A Super-Trader. Earning £10,000.00 A Day, Trading The Financial Markets Is Easy!!"
"I Am A Super-Trader. I Easily Earn £10,000.00 A Day, Trading The Financial Markets!!"
(ArticlesBase SC #673178)
Article Tags:
FOREX
,trading
,day trading
,trading Techniques
,financial Markets
,índices
,Super Trader
,Super Trader Traits
Trading Is A Mental Game
A real trader gives insight on what it takes to become a successful trader in this video from Lightspeed Trading's Trader Talk Series. (02:07)
Do You Feel Lucky?
Here is a video from Lightspeed Trading's Trader Talk Series where a successful trader talks about the harsh reality of the trading business. (01:54)
The World Is In The Charts
A successful trader gives insight on how to read charts effectively in this video from Lightspeed Trading's Trader Talk Series. (02:23)
No Homeruns!
Here is a video from Lightspeed Trading's Trader Talk Series. A successful trader describes his typical day, what stocks to look for and how to play against volume. (02:50)
How to Look for the Catalyst
The trader in the video from Lightspeed Trading's Trader Talk Series talks about which sources he uses and what he looks for when researching stocks. (02:50)
The hottest trading class of the year is about to get underway... It launches at 8:00 AM Eastern Time with Mac X's top trader at the helm: James Carter. It's a rare opportunity to get professional level information from a top pro to rapidly ramp up your trading. James will be showing you secrets and strategies that will unleash the autopilot profit powers of the Forex Deal Butler
First time traders have individually been using the day trade system to trade like the pros and make the kind of money that they want in the stock market for years now. A day trade system can tell you exactly where and what to invest in this fast paced market, freeing your time up to focus on your trades themselves. If you're serious about reducing your risk, this is what you should know about the day trade system and how to use it to double your investments in the short term.
Since alerting you to the opening of Bill Poulos's Forex Profit Accelerator Group Coaching Program on Monday, I've received numerous emails requesting more info on it.Well, I just got something BETTER.It's a 8 minute, 55 second video preview of an actual live group coaching session held just last week for one of Bill's other coaching classes so you can see what his actual students see.
This Deal Butler software chooses FOREX trades for you based on the popular "Insider Code" trading system material
The package comes with everything you need to transform your trading or get started, depending on where you are in your trading career. Get your High Velocity Market Master 2010+ BONUSES now
Financial spread betting is fast be coming the investment vehicle of choice for many investors and traders. It is a derivative product, meaning that traders trade a price that is derived from the underlying asset, rather than owning the actual asset itself. Dividends are not paid and you do not get any voting rights but there are substantial benefits that underpin why this form of trading the financial markets is so popular.
Whether or not making money in the markets depends on whether or not you follows the ten rules.
Now its your chance to grab for Free one of Tom Strignano's most powerful trading models – The Setti Ponti Model.
Money, Money, Money, who needs it? We all do! Even those who claim to shun it, need Money and if it's not Money, it's still going to be some form of medium which is used as a type of exchange or purchase. Today I'm talking about the importance of creating a certain and precise amount of money... ...how's £10,000.00 sound for starters?
Have you ever lost money in the markets? Are you at the place where you want to be in your trading? It's a real back and forth process isn't it? But so as long as you can keep on forging ahead no matter what the outcome, so as long as you have 'Belief' in your trading system, your 'Acceptance Of Losses And Losing' really will become part and parcel of your trading process, you will 'Win' in the end, consistently!
How often have you said to yourself; "I Am A Super-Trader!" without really knowing what it means to be a 'Super-Trader?' If your dream is to trade like the 'Super-Traders' of the world you have to follow the rules of the 'Super-Traders' of the world and here they are:
The Super Trader Traits list is here to help you to become a better and more seasoned trader, in fact the ‘Super-Trader Traits’ list is here to help you to become a ‘Super-Trader!’ You too can become a trader or businessperson who can then command any salary you wish, yes, with this list, you can make your dreams come true!

