Mental Fitness For Traders - Day Trading Course

Mental Fitness For Traders Page 219. The Force is Within You, Luke. It’s Not the TradingSystem.There are only a handful of people whogive a darn about supplying traders with away to be more disciplined and focused intheir trading.I’m one of them, so I think I know whythere are so few of us.Heck, I’m in the business of supplyingtraders with a tool to help improve themental side of the trading equation… the“human” element.With (what I think) is such an importantservice, why am I out here virtually alone?For a couple of reasons.First, although most traders will admit that the mental part of trading is key to winning inthe long-term, most believe they can “gut it up” and just “shake it off” when negativeemotions and behaviors rear their ugly heads.They don’t need a shrink!They know what they need to do and by-cracky, they’ll do what needs to be done withoutany help!I call this the Macho Syndrome.And what’s funny is… I get most resistance to the notion of mental discipline (as formaltraining) from those that need it most… the emotionally out-of-control trader.Second, a common mindset is that the primary key to being a successful trader to hookyour wagon to a guru or trading system and then following that system to riches.The problem is that all (even great) trading systems experience draw-downs and youwind up blaming the system for losing rather than doing what is painful for some…blaming yourself (for not having the courage to trade through adversity)!So here I am, preaching pain.“It’s not your system, it’s you!”Copyright © Norman Hallett Rev 2-20050314