You have 6 months left before 2023. Are you where you planned to be when you wrote those “new year’s resolutions”?
Over the last seven days, did you wake up every single day visualizing the amazing day that is ahead of you? If the answer is no, even if it was only for one day, then you might be stuck with a loser mentality.
Loser mentality is a bitch.
It can start with something small, that might seem insignificant to you at the moment. But that little thing will keep growing, day after day. Without realizing it, you start changing your healthier habits and get trapped in this vicious spiral. And sooner or later, it will be too late.
The funny part?
Most of you will not even realize that you are stuck in a loser mentality.
Do you wake up every day with positive energy?
Can little things of everyday life mess with your mood?
Are you confident that you will execute your trading plan every day?
Do you get jealous of furu’s fake P&L on FinTwit?
Do you feel the urge to change your method every time you occur a losing day?
Are you scared to commit seriously to trading?
Answer honestly these six questions.
If you answered no, that’s great. Please don’t be selfish and share with us how you manage to get confident in life without being too cocky.
For most of my life, I have been the most confident person you’ve ever met. But trading took a toll on me.
Blowing $1,000 accounts months after months, I lost my superpower. I would reload my account, not even thinking of being profitable. Simply hoping to make it last a month.
Losses would not even affect me at some point. I would not even feel the pain of blowing an account. After all, it’s just $1,000.
Day after day. Week after week. Month after month. The compound effect of this loser mentality will turn you into an actual loser. You need drastic changes to get out of that vicious spiral.
How to become yourself again? How to start your trading day confident that you will be being in your A-game?
Of course, there are as many answers as readers.
What I can share with you is how I broke that cycle.
The first step is to acknowledge it. It won’t go away in a day. I needed daily “rewards”.
It started by doing something I would be proud of. I’ve never been an athletic person, and I love comfort. So I started taking cold showers and running super early in the morning. Even if I would run 10 minutes the first few weeks, I would be super proud of myself. ‘
‘‘If I can run at 5 am, then I can do anything during the rest of my day”.
Then, I forced myself to stop changing trading methods.
Fuck that. If you can’t master your strategy, you’ll never be a professional. Your strategy won’t work every day. You need to understand the roots of why you don’t trust yourself to overcome a losing day. Why you can’t commit to one strategy and build a solid foundation.
At the time I worked on this, Jared Tendler didn’t write a book on it, but now he did. I recently purchased “The mental game of trading’’ on my Kindle, and it’s an amazing resource to start working on yourself (not affiliated).
You will need to work on this for the rest of your life. Every day, you need to do something to get better. It’s so easy to fall back into our unhealthy routine.
Six weeks ago, I realized I haven’t exercised, practiced meditation, and had a healthy alimentation as much as I’d like to.
To me, these things matter on my road to success.
I wish you all a great weekend, and I’ll see you soon!
Stay safe,
Retail ❤️
If you want to give a try to Apex, you can use my affiliate link here with my 50% coupon code: RETAILCAPITAL, which will always apply the best promotion available.
Apex is a community of traders founded by Darrell Martin, a rancher and day trader who has built a thriving community of traders into over 30,000 members in over 150 countries since 2008.
Thanks for this. It gives me some trust as I struggle with my trading.
I think we have similar personalities based on what I read in all your posts.
Also this: "For most of my life, I have been the most confident person you’ve ever met. But trading took a toll on me" applies exactly to me.
Wow.. I was about to Email you on this subject and here’s this article
Good timing 👊🏻