How to Unleash Your Full Trading Potential


I believe that anyone can learn to trade successfully if they really want it badly enough. However, most people fail in trading simply because their desire to succeed in this business is not strong enough to force them to maintain constant self-discipline. In other words, they simply cannot muster the willpower to be consistent and logical every day in the market. If you really want something strong enough, you will do whatever it takes to get it, which is true of trading as well as everything else in life.

Have you ever sat in front of your charts and thought to yourself, “If other people can make a living trading the market, then so can I, but what am I doing wrong?” I’m sure you’ve had this thought before, and it’s a very logical thought, and it’s really the first step to moving in the right direction as a trader. In today’s tutorial, I want to give you some insight into how you can reach your full trading potential, because I’m willing to bet that at the moment you are not using all your mental abilities properly to consistently get money. market…

Emulate successful traders

The first thing I want you to do to start reaching your full trading potential is to imagine yourself as a successful trader because you need to emulate those you most want to be like. I want you to sit back and think about how you would feel and act if you were already a full-time trader, or at the level of trading you want to be. Close your eyes and really imagine every aspect of your personality and life as a successful trader, take notes on what you feel and what you see in your vision.

Next, I want you to start making changes in your life in line with seeing yourself as a successful trader. Have you imagined yourself more relaxed and confident? Maybe you have seen a nice clean and organized trading table that you trade from? Whatever you see, start doing these things NOW because they are not going to magically rain down on you from the “merchant gods”… you have to CREATE your own destiny. This means doing what professional traders do and thinking how they think, even if you’re not “sure” what it might be, using your vision to guide you and doing your best, you at least need to try to make some positive changes in your life. agreeing with who you want to be and what you hope to achieve.

Excellence in ANY field is always first followed by a complete mental shift into the person you want to be… you have to be that person BEFORE riches and riches come… I know it can be hard to “fake it until you do it”. , but, fortunately or unfortunately, it is a necessary piece of the puzzle for success in trading, as well as for success in any other area.

Stop being afraid of failure

stop being afraidAnyone who has achieved something significant in their life has most likely failed many times on their path to success. If you google any successful person, anyone, you will probably find that they had many setbacks and setbacks before they finally achieved what they were aiming for. Trading is perhaps the only profession that is associated with failures both on the way to mastery and success, and after achieving this mastery and success. You will always have to deal with losing trades, and the more you accept it and just think of it as “part of the game,” the less it will drag you down and affect you emotionally.

Thus, in trading, we literally get a double dose of failures and losses that we have to deal with. We have to deal with failure when we learn to trade and failure after we learn to trade. You have two options for how you deal with this; face him like a man, or try to avoid and ignore him. Unfortunately you can’t avoid losses while trading, you will always have losing trades mixed with profitable trades and if you try to avoid them by moving your stop losses further or doing other stupid things like hedging you are in fact just delay the inevitable. …losses will come, so it’s best to manage them and contain them until they kill your trading account.

So, in order to reach your full trading potential, you really need to not be afraid of failure, because “failure” will always be a part of trading. Stop thinking of a losing trade as a “failure” and see it as the cost of being a trader… as the cost of trading. Your goal should be to contain your losses, not completely eliminate them because that’s impossible to do. If you keep them below a certain dollar amount that you are comfortable using for each trade, and try to only take high-probability price action trading signals, and do so consistently and disciplined over a large series of trades, you should come out ahead. The main difference between successful and unsuccessful traders is that successful traders have developed the mental capacity to weather the emotional storm that comes with both ups and downs in trading. While those same ups and downs infect and destroy the trading mindset of a weaker trader, they may temporarily bend a successful trader, but never break him or her.

Learn from bad trades… don’t worry about them and don’t try to “get back” that money. Successful traders learn from unsuccessful trades and therefore look at them in a positive rather than a negative light.

Think, plan, make decisions, and then act, without any guarantees…

To reach your full trading potential, you must do what professional traders do (really?). But seriously, this means that you have to think, plan and make decisions without any guarantees regarding what happens to your trades. It is very important to remember that there are no guarantees in any trade you make…your trading edge has a random distribution of winners and losers.

Many people struggle with consistency and discipline in trading because they are too heavily influenced by their previous trade(s). They forget that trading is a marathon, not a sprint, and so they start trading like a hare, not like a tortoise, as I described in my Turtle vs. Hare article. The most difficult aspect of successful trading is maintaining the ability to trade in a disciplined manner in the face of constant uncertainty. It is very difficult for most people to be disciplined about anything that has an uncertain outcome, which is why trading is difficult for most people. There really is no “fast track” to trading success… you have to stand in the “dough box” and swing confidently on every good pitch (trade setup), whether you hit a home run or pop out. If you enter this punching box with low confidence and fear, you will probably bust most of the time due to too many bad throws (bad trade setups) and not swinging hard enough on the good ones.

Courage to start and endure

DisciplineThe irony in trading is that there is no big “secret” to trading success, most traders already know what they have to do to achieve long-term trading success, they just don’t have the motivation to do it consistently for different purposes. reasons. If you really want to reach your full trading potential, you must persevere, perseverance over time and in the face of all the obstacles you face in your trading is key. You must decide in advance that you will never give up, that you will persevere with discipline no matter what, because that is what it takes to trade successfully.

One of my favorite authors and motivational speakers, Napoleon Hill, said that self-discipline is “the master key to wealth.” Self-discipline is the ability to force yourself to do what you know you need to do when you have to do it, whether you like it or not; you must force yourself to do what you know you must do. For many traders, their inability to maintain self-discipline over time is you why they are unprofitable.

When you have persistent self-discipline, it builds your trading confidence and self-esteem, it’s like a positive trading snowball effect. The longer you trade in a disciplined manner, the stronger your positive trading habits will become, this will increase your self-confidence, and the process will become easier and easier for you, until, in the end, you have to “think” about becoming a disciplined trader… you just ARE alone… he becomes part of you. Unfortunately, most traders never reach this level because they succumb to self-doubt, fear, and the temptation to trade undisciplined.

All trading skills are available to learn

Finally, it is important to understand that all trading skills can be learned. Some mental abilities that a successful trader must have are easier for some people to develop than others, but if you want it badly enough, you can develop them. I’m not saying that becoming a successful trader is necessarily “easy”, but there is nothing worthwhile in life. You must take comfort in the fact that the only real YOU are the barrier to success in trading. Once you accept this and start doing what you need to do to overcome it, you will be well on your way to unlocking your full trading potential.

The first big step to unlocking your full trading potential is to emulate successful traders and learn about the types of trading methods they use and try to understand how they think about the market and trade it. Price action trading is something that every successful trader understands and uses either as their main strategy or as part of their strategy. This is an important component of the trading method of any successful trader. If you are still lost in the “land of indicators” and dreaming of some kind of “Holy Grail” trading system, you are as far away from consistently profitable trading as possible. To truly unleash your full trading potential, you need to immerse yourself in reality and learn how the pros trade the market with price action strategies like those taught in my professional trading courses.

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