Mental Fitness For Traders - Day Trading Course

Mental Fitness For Traders Page 34A few lines of “Today I’m not going to make the same mistakes as I made yesterday”self-talk is about all the mental training they will muster.Gurus and successful traders do more than give lip service.They train.They train their minds to do the right things during the trading day. What are the “rightthings”?To follow their tested and trusted trading system… without wavering…without flinching.Of the 113 booths (that I counted) at the Traders Expo, 111 ½ had to do with tradingsystems, trading information sources, data feeds, and the like, while 1 ½ booths dealtwith the mental part of trading.Why is that?Well, many traders(wrongly) feel that committing to training their minds means thatsomething must be wrong with them.It’s an admission that one is out of control and that’s just not something that most want toface.They’d rather find a system that works more of the time… one that gives you bettersignals that they can follow.No admissions necessary.The truth is that if you train yourself to be disciplined and focused in your trading, youdon’t even need last year’s best performing system to be successful in your trading.All you need is a “decent” system.I’ll likely be many attending other Trading Expos and my guess is that I’ll see a lot of thesame trading faces, zombie-ing down the isles, continuing their searches for the HolyGrail……and not ever looking inward for the answers.Copyright © Norman Hallett Rev 2-20050314