Trading really can be easy. It doesn’t happen on its own, nor does it happen overnight. But it is possible to get there.
The key is having the right tools and guidance.
As someone who started from the bottom and had to learn it in the fire, it is my personal goal to help you grow as a trader.
I am going to give you 3 simple steps that you can take to improve your trading…
That’s great because whether you’re profitable or still working to get there… these 3 critical steps will help you grow, and set you up for consistency.
First off you always need a proven and profitable system to become a good trader…
That’s the easy part though… I’ve got you covered with Profit Prism Platinum.
Moving past that, there are other things that can help any trader improve their game, profitable or not.
And if you follow these 3 steps, you too can take your trading to another level.
Step One: Creating the Right Attitude
We all know the saying – Attitude Is Everything
When it comes to trading, a positive attitude will go a long way.
If you think you are going to lose, or think you can’t make it, and doubt yourself AT ALL… you have already lost.
To evolve as a trader, you must foster the right attitude because, without it, the “market” can and will crush your spirit.
Here are two ways you can keep your attitude in check and keep the “market” from getting into your head.
- One way to adjust your attitude is to use a positive self-affirmation. This is when you tell yourself something positive, out loud, and repeat it a number of times. It can be as simple as – “today is going to be a great day”
If you wake up and repeat that out loud a number of times, you will be amazed at how it can affect your day.When it comes to your trading, maybe “I’m going to crush the market today” fits your plan a little better.It really is simple. But for it to help, you actually have to do it. That’s the hardest part.
- The second way to change your attitude is to immerse yourself in Positive Self-Talk.Now, this is different than positive affirmation as it isn’t something you are repeating to yourself. This is about changing the words you use.Take time to listen to yourself and analyze the words you choose… then make a conscious effort to replace negative words with positive ones and you’ll be amazed at how your attitude changes.For Example:
- Instead of “I’m fine”, say “I’m great”
- Don’t use all-or-nothing thinking with words like always and never… keep your mind open to solutions and clear thought
- And completely stop using words like should, can’t, alone, and fault etc.
To tame your inner doubts and fears use positive words in all of your conversations. Get rid of negative words and replace them with positive words. Wow, that makes so much sense.
But what is simple in theory is often so hard in practice. So you will have to make a real effort to actually create these changes.
Step Two: Preparation is Paramount to Success
Okay, so you have a system and plan in place, that’s great.
Now, what happens when things aren’t going to plan? Mistakes can occur, and mistakes eat into your profits.
When it comes to risk… if you aren’t prepared, you are setting yourself up for failure. Successful traders are up early preparing. Scanning through charts, new, futures etc.
As for me, I make my mornings easier because I put together my trading watchlist the night before… and I send it out to all of my members as well.
When I wake up, I will check the market conditions, trades we are in, charts, etc. so that my members are always prepared along with me.
If I didn’t work on my nightly watchlist nor wake up to catch any changes, I would just be flying by the seat of my pants here… and I didn’t become as successful as I am by winging it.
So remember, success doesn’t stop with a proven system. To continue growing, Preparation is key!
Step Three: Simplify… Everything!
Simplify… There is nothing so great, yet so hard to do in life.
From a practical perspective, it’s accomplished by simply getting rid of what doesn’t work and focusing on what does.
Don’t waste energy on unproductive things.
So how do we simplify our trading?
Well, first you need to know what works and what doesn’t. So start by reviewing your trades and strategies.
If you don’t take the time to review… you are unknowingly taking on more risk each day, by potentially trading a losing strategy.
Pinpoint what isn’t working and STOP doing it… FOCUS on your strengths. You will be less stressed, happier… and make more money.
Don’t take on too much at one time. Work on one thing… master it… and then try to add something else later on.
And always know what is working and what is not. With that you can focus on the good to simplify your trading.
To evolve as a trader and up your game… taking the steps to create a positive attitude, be prepared, and simplify your trading will have you on your way to more and continued success.
While these steps WILL take your trading up a level… If you don’t have a proven system, you can’t go anywhere.
Don’t waste time, money, and energy trying to learn super complicated systems or trying to go it alone.
My members trade a simple 5 step system as part of a team with my guidance helping us all succeed from day one.
Forget about going it alone… that’s a risk you can’t afford!