I think most people overweight the word "motivation"
Motivation only gives you the sudden thrust to initiate, continue or terminate a certain behaviour at a given time, it is not lasting.
Without a good attitude, mental and physical toughness, effort, passion, and focus, motivation is nothing but a booster.
You do not need motivation to succeed as it only gets you started.
The power of not giving up is what determine our achievement.
The same goes into trading, I've coached/ talked to more than 30 Traders in the past, most of them have extreme level of interest in the beginning.
But as time goes by, I saw almost every of them walk away from this business, not because they do not know trading will probably bring them financial freedom, but because their fear of failure has overweighted their motivation to succeed.
Probably because they have blown up multiple accounts, instead of digging into the root of cause and finding solutions, they give up after several failure.
Trading is just like any business, it requires time, energy, effort, tear, money, ongoing passion, high level of discipline and consistency to outperform the 90 - 95% of losing Traders.
The more you are able to become a problem-solvers, the higher the chance you may succeed.
What I always suggest to inconsistent Traders, is to become a specialist. Specialize in certain markets, certain timeframe, certain currency pairs, don't try to have your eyes all over the place.
If you're constantly shifting your focus, you will never get anything done. You only need to master in one specific asset/ pair to become consistently profitable.
Think about it and let me know your thoughts in the comments below.
Motivation only gives you the sudden thrust to initiate, continue or terminate a certain behaviour at a given time, it is not lasting.
Without a good attitude, mental and physical toughness, effort, passion, and focus, motivation is nothing but a booster.
You do not need motivation to succeed as it only gets you started.
The power of not giving up is what determine our achievement.
The same goes into trading, I've coached/ talked to more than 30 Traders in the past, most of them have extreme level of interest in the beginning.
But as time goes by, I saw almost every of them walk away from this business, not because they do not know trading will probably bring them financial freedom, but because their fear of failure has overweighted their motivation to succeed.
Probably because they have blown up multiple accounts, instead of digging into the root of cause and finding solutions, they give up after several failure.
Trading is just like any business, it requires time, energy, effort, tear, money, ongoing passion, high level of discipline and consistency to outperform the 90 - 95% of losing Traders.
The more you are able to become a problem-solvers, the higher the chance you may succeed.
What I always suggest to inconsistent Traders, is to become a specialist. Specialize in certain markets, certain timeframe, certain currency pairs, don't try to have your eyes all over the place.
If you're constantly shifting your focus, you will never get anything done. You only need to master in one specific asset/ pair to become consistently profitable.
Think about it and let me know your thoughts in the comments below.
