How To Thrive In Your Trading Career

Let's face it: Most traders if they are lucky manage to survive, very few thrive. In fact, I am certain most traders don't even know what thriving means.

To thrive in your trading career is about much more than making it to the end of the trading day. I am not even talking about the money you may or may not be making. That will happen automatically when you learn to self actualize instead to react.

If you can make this quantum leap from reacting to self actualising your entire trading life will change for the better.

We are reactionary creatures by default

By this I mean that your brain has been trained to react by default. Impulse reactions drive the markets after a big news event like NFP, or the FOMC meetings.

There are trading bots which take advantage of these trading patterns which exaggerate the moves in the markets, but that is another story for another day.

The point I want you to get is this:

Your trading mind operates on reactionary auto pilot.

This is not in your interest because your mind is like an untrained monkey. The untrained mind is all over the place and thinks in dualistic terms. Good or bad and right or wrong. This thinking puts immense strain on your entire body. It causes stress and anxiety.

Such emotions fuel dualistic thinking and reactionary behaviour

In order to thrive in your trading career your have to learn techniques to distance yourself from your emotions.

There are only two ways in which you can do this:

Learn about yourself, how your brain works and how the universe works and learn how to apply this knowledge in your trading life. You will soon discover that most of your thoughts are actually meaningless.

When you learn to stay out of reaction you have a chance to thrive in your trading because your brain has spare capacity it now can use to, you guessed correctly design strategies that work for you.

This is what self actualization is all about:

When you have the spare capacity in your mind to allow new information in you will expand. You become more mindful because you are open to seeing new things about yourself, about the world the markets and so on which you had never seen before.

Imagine how the ability to stay out of reaction to anything you experience will set you free. Imagine how much better you feel. More energy fuels creativity and vision. You need both to thrive in your trading career and in your life in general.

Isn't it time that you started to thrive today?

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Trading The Markets With Realistic Expectations

The stock market is one of many ways where people can create a good living for themselves, and achieve the financial freedom they have forever dreamed of. The reason the stock market is quite popular is due to the potential gains that can be made in a short time while sitting in your pajama's in front of your computer screen.

But the cold hard truth is, many attempt to fulfill this dream, but only a select few achieve it. To be blunt, most people who enter the markets fail shortly after they have begun. One of the core reasons for this is due to people entering the market under a very popular misperception, and this misperception is setting unrealistic goals in dollar amounts before you have started your potential trading career.

I am sure a lot of people reading this article have been on social media and have seen screen shots of people posting four to six figure gains they made in the market that day. After seeing that screen shot, you probably thought to yourself, "I wish that was me". Then at that point you think, well if that person can do it, then so can I.

At this point you have already created an unrealistic expectation upon entering the markets if you have chosen to do so. The reason for this is because you are comparing your hopes and dreams to the dollar amount you have just seen.

When entering the markets with a false perception tied to a dollar amount you have seen or heard of other people making, you will more than likely fail, being one of the 90% if you begin your trading career in this mindset.

Becoming a successful trader takes years of practice, it is not a skill that is acquired overnight. Thus, when you first enter the market you need to keep your expectations realistic, for example, expect to lose money the first year or two while you are learning and developing your foundation.

Every successful trader who you have seen or heard of acquiring financial freedom through the markets, did not do so without hardship. They all had to learn and develop a foundation to become successful and at one point or another they learned to keep their earnings expectations realistic to the financial position they were currently in.

Achieving financial freedom in the markets is quite feasible, but to do so you must fully understand that the market is not a get rich quick method, it takes hard work and dedication. If you enter the markets with unrealistic expectations, with hopes of becoming rich overnight, odds are you will fail.

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