“Work hard and you’ll be rewarded”.
I’m sure you’ve heard this before.
You probably heard it at home as a child.
You probably heard it at school from your teachers.
And you probably heard it at work too.
It’s a common “understanding” around the world, and in lots of situations it’s true, but…
Have you ever considered this attitude could actually be harming your trading?
It might sound crazy, but this type of LINEAR THINKING can actually get traders into trouble. When you have this type of “cause and effect” thinking, it can do a few things:
- It sets your expectations, so you have a preconceived idea of the result even before the result occurs,
- It closes your mind to other potential outcomes and opportunities.
And in trading, this type of thinking can actually harm a trader’s progress.
This type of thinking isn’t necessarily wrong, but successful traders know that in some situations they need to think differently. They need to switch from LINEAR THINKING to other modes of thinking. They know when to apply each, and this mental edge can produce superior performance.
How do they do that?
There are a number of different ways.
In the July 2020 issue of “The Empowered Trader” newsletter I explain this in much more detail, and I share the top 3 things that successful traders do differently.
This issue of the Empowered Trader newsletter could seriously challenge your trading mindset, but traders really do need to address these mindset issues if they want to move forward. And there are practical ways to do that effectively, which I’ll show you.
If you’re already an Empowered Trader member, look out for it in your mailbox in the next few weeks.
If you’re not an Empowered Trader member yet, you can find more details here.
Tomas.
