11 Dec Affirmations of wealthy traders

Affirmations for wealthy traders

Based on the arti­cle that I wrote ear­li­er I decid­ed to turn it into a list of affir­ma­tions. These I will repeat to myself every day as I jour­ney on my path to become a trader.

DISCLAIMER

Click here for my dis­claimer. It basi­cal­ly says that I am on my path to becom­ing a trad­er and these are just my opin­ions on how to approach learn­ing to trade. Feel free to check it out and com­ment on it.

Here it goes…

• I will be patient with my win­ning trades and impa­tient with my los­ing trades.

• Mak­ing mon­ey is more impor­tant than being right. 

• The charts are a visu­al rep­re­sen­ta­tion of where oth­ers are buy­ing and selling.

• Before I enter a trade I know exact­ly where to get out. Win­ning or losing. 

• Approach every trade with the same mind­set. It’s about the num­bers. Just play the num­bers and you will end up winning. 

• I will focus on the naked chart and sup­port and resis­tance zones. 

• I under­stand that being uncom­fort­able trad­ing is OK. 

• The mar­ket is my workplace.

• I will stop pick­ing tops and bot­toms. I will trade with the trend.

• The mar­ket is not cheap or expen­sive. It is what it is. I will decide which way I think it’s going to go and trade in that direction.

• If the mar­ket tells me it has changed I am will­ing to change sides. The mar­ket is always right. 

• When trad­ing well I will trade aggres­sive­ly, when not I will trade modestly.

• The mar­ket will be open again tomor­row. I live in a world of abun­dance. There will always be opportunities. 

• I will nev­er add to a los­ing trade…. EVER.

• Cash is the goal, but nev­er the mea­sure of suc­cess. I will fol­low my plan.

• I will keep learn­ing more on mass psy­chol­o­gy and every­thing relat­ed to trading. 

• I will prac­tice see­ing the right side of the chart.

• I can explain my edge in trad­ing very easily.

• I will cal­cu­late my posi­tion size based on the mar­ket circumstances. 

• I will base my prof­it and loss tar­gets on the aver­age ranges of the mar­ket or some­thing else that’s objective. 

• If I only have a few win­ners that’s OK.

• I will make a deci­sion even though I don’t have the com­plete information.

• When I lose in a trade that doesn’t mean I’m a loser.

• I will buy the high­er highs and sell the low­er lows. 

• My busi­ness isn’t trad­ing — it’s find­ing the right trades. 

• I will record every trade — price, thoughts, news, attitude.

• I will set my trade with stop loss and take prof­it and let it run. 

• I will not risk more after hav­ing a win­ning trade. I will hold onto my profits.

• I will trade the reac­tion to the reac­tion — not the ini­tial reaction.

Thank you

I hope that shar­ing my progress in any way helps you to become a trad­er. Don’t be shy to leave a mes­sage. Email me. Trolls are wel­come as well 🙂