The Challenges of Trading: Unveiling the Complexity Behind the Art of Trading

 Trading is hard because we believe in it.

Newbie traders in particular tend to have a lot of false beliefs about trading.

• Believing that there is a 100% winning percentage strategy.

• Believe that you can trade without losses.

• Believe that the bot can make money on autopilot. • Believe that there is a mentor who can solve all your problems instantly…

Here's what it does for you…

False beliefs prevent you from accepting the truth.

If you have these false beliefs, they are like a smoke screen - you cannot see the truth in front of you.

To combat this, you need to identify your personal beliefs about business. Ask yourself:

• What beliefs do I have about business? • What do I think about when I trade? • What mindset do I bring to the table?

Only when you are aware of your beliefs and thought process can you begin to solve your problems…

A true marketing test

Difficult trading periods and big losing streaks are the real test of the market. Frustration from loss after loss... Feeling totally lost... Just want to quit trading...

There is a great blessing in the pain. Look at yourself. The solution is usually on the surface. Find it and get back to work.

Money and risk is all in the mind

 As a trader, avoid trading sizes you are not ready to handle yet.
If losses are painful, decrease your risk until you get comfortable taking losses without even blinking. Then, slowly build up.
Risk is subjective and it's all in the mind.
For one trader, 20 dollars is a big risk. For another trader, 2000 dollars is small