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RE: TRADING MINDSET - MOTIVATION STRUGGLES OF A TRADER
That's right mate! Trading is like nothing else. Many people that over trade are looking for a rush and your results come down to you, no one else to blame. I actually love that, being the sole catalyst of my success or failure.
Being the sole catalyst of your own success or failure is what attracts so many to trading, but they don’t understand just how tough it really is. If you slack off, you don’t get told off or have someone else to pick up the slack. You just lose money...
Still after all these years, it’s still something that I struggle with from time to time.
People say: if you can trade for a year actively, and still manage your portfolio well - then you are a trader.
I agree with the point about the rush, and being own boss, these two are very important in the reasons why people choose to trade.
That's right! Have to be able to hold oneself accountable. Many struggle with that.