Show Notes

When the market becomes volatile or a series of trades produce loses, it is easy for us to become fearful.

We then start to verbalize excuses as to why we even executed those trades or why we use the trading strategy that we use or any of a long list of items.

For all of us as traders to continue to grow, we need to develop a better way to address these situations. The foundation for this is analysis.

If we will be honest and look at the entire situation, generally we had executed a solid trade, however due to the very nature of the financial markets; an unusual movement occurred that caused us to not receive the results we expected. If we do this, most of the time we will see this fear, this confusion or these excuses just evaporate.

Are these times comfortable, never. Chaos is not comfortable, nor will it ever be.

But the successful trader will step up to the plate and handle this challenge instead of succumb to it. Do not allow a challenging situation to become a disaster because of fear or excuses.

Show Notes

Everything is difficult before it becomes easy.

With the current volatility of the financial markets, it is extremely important that each of us resolve to be patient in our decisions and not make snap judgments. These can create future disaster.

The most successful individuals around the world have a foundation of processes that they utilize consistently, no matter whether the markets are trending with clear direction or being extremely volatile.

Each of us needs to be patient and allow the trading plans that we use to provide points of execution for trades. We need to be prepared for any and all movements in the market, yet stay committed to our plan and then perform with a self-confidence that ensures that we do not stray away from the steps of our plan.

Patience, preparation and performance surrounded by a solid trading plan along with money and risk management will produce the highest probability for profitable success.

Preparation combined with Opportunity creates a new word I would like to give to you --- Prepartunity. Every day provides new opportunities for us. If we are prepared then we will receive the highest results possible.

Show Notes

The grass is always greener on the other side of the fence, yet we still need to cut, weed and water it.

There are many aspects of today's society that can cause each of us to not be able to enjoy our successes because we are told to expect more even when we do surpass a target.

Sometimes we reach new heights and then beat ourselves up because we could have done better. A trader can become very depressed if they only focus on what they could have made if they would have stayed in longer or gotten out earlier or some other action.

For each of us to enjoy our achievements and to continue growing, we need to set challenging goals and when we meet them, we need to congratulate ourselves and move on to new goals.

Show Notes

The world is changing rapidly every day.

All financial markets move from a smooth pathway to a very volatile environment in the blink of an eye. For each of us to continue to reach and exceed our goals and objectives, we cannot sit still.

If we think that we are educated and expect to sit back and just use that knowledge to achieve what we desire, then we are going to receive a big surprise.

Only when we decide to continue learning will we stay on a pathway of continued success.

Show Notes

As traders it is so easy to criticize our trading strategy when results do not meet our expectations.

The last thing we want to do is acknowledge that we might be making mistakes. However, rarely does a proven trading strategy continuously deliver poor results without the discovery of a trader making changes in the steps due to unproven gut feelings, revenge tactics, fear, greed and so many other emotions that arise when we try to outsmart the market.

For all of us to enhance our skills and increase our profit potentials, we must analyze our trading results and honestly discover whether it was a good trade that just did not produce a profit or did we break the rules of our trading strategy.

If we broke the rules, then we need to commit to the challenge of changing our approach to trading and hold ourselves accountable when we make bad decisions. We must accept the "Cause and Effect" results.