Attitude | ASXnewbie.com

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Weekly Ramblings of an Australian Stock Trader – incorporating ASXweekendtrader.com
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Attitude

by strudy1

Attitude a little word that can mean so much to your daily living and your share trading performance.

As soon as your feet hit the floor in the morning, your attitude can make or break your day.

It determines how you feel and react to situations during the hours ahead.

I have found that my attitude can also affect my trading in small and sometimes larger ways.

Depending how I feel towards a trade can also affect whether I exit with a profit or a loss.

There are occasions after I have made a mistake in my trading strategy that I feel like that the “Market is out to get me.” When all along it was my mistake for not sticking to my trading plan and not wanting to admit to myself that it was my fault in the first place.

Or the opposite happens I have made “A Killing,” made more profit than I expected and have told myself that I have got the market beat, and that is so easy to make money out of the share market. Of course the only person I am fooling is me.

So feeling indestructible, I jump in take chances or cut corners and “Splat” I fall flat on my face.

Does this sound familiar?

I have found by bitter experience that the only way that I can trade successfully is by having an “Attitude of Discipline.” For when I apply this I have found that my overall trading performance becomes a lot more stable with no wild fluctuations of being up one minute and down the next.

I wish you profitable trading. :-)