subject: Forex Trading - How To Turn Yourself Around [print this page] In order to go from failure to success in Trading, you have to be able to turn yourself around. Mentally, physically, emotionally - the whole thing.
But if you have ever tried, you know it's easier said than done. With the best will in the world, we try to make changes in our lives. Perhaps we even make some headway. Yet, after a while, we're back where we started.
The real key to lasting success in Trading is to have a definite blueprint that you follow for each and every aspect. Nothing gets left to chance, and you monitor judge your progress according to how well you are following your blueprint.
At each point, you can see if you are remaining consistent to your plan or not. But turning yourself around, especially in Trading, is like trying to turn an oil tanker. It won't happen on a dime. There is still considerable forward momentum to deal with, taking you in directions that you don't necessarily want to go anymore.
For one person, this might be the inability to take small losses. For another, it might be careless analysis in placing the initial trade. And for yet another, it might be the inability to pull the trigger.
Whatever your specific issues might be, you need to identify them but then also be fairly gentle with yourself while you work to make the change. Habits acquired over a long period won't necessarily disappear overnight (although they certainly can).
Another aspect of turning yourself around in Trading is to break through your own mental limitations. You may have a ceiling on how much money you can ever make. If so, it will almost certainly become a self-fulfilling prophecy. You might believe that you can never really be a great trader. Again, if you believe that, you won't.
The bottom line is that you need to identify the things that are limiting you, in each and every area, and make the changes you need to make. And then STICK with those changes until they stick to you!
